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gross collection vs net collection pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is the difference between net collection rate & gross collection rate?

Gross Collection Rate: It's calculated as (Total Payments / Charges) * 100% for a designated period. Net Collection Rate: The formula involves dividing the total payments by the total charges post any approved write-offs and then multiplying by 100. This should ideally be monitored every 90 days over a year for the most accurate representation.

How do you calculate Gross and net collections?

It’s actually not as hard as you might think. The formula for gross and net collections follows: The gross collections rate is calculated by dividing total payments by charges, then multiplying by 100 to reach the percentage total.

What is a net collection rate?

Net collections are typically lower than net charges and virtually always lower than gross charges. Net collection rate , or NCR, is a measure of a practice’s effectiveness in collecting reimbursement dollars.

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