What are net collections?

A revenue collected after adjustments like unpaid balances and write-offs.

Why are net collections important?

They show how much of billed revenue is collected, affecting cash flow.

Streamline billing, offer payment discounts, and follow up on unpaid invoices.

Gross collections are billed amounts; net collections are actual amounts collected.

Insurance and unpaid claims reduce the amount healthcare providers collect.

Finance

ByKevin Stratvert September 24, 2024September 24, 2024

Net collections play a huge role in keeping businesses healthy…