Estimates for medical bill collection rate (e.g. % paid) by Physicians and Hospitals

• According to the Medical Group Management Association (MGMA), it is recommended a net collection rate of at least 95%.
• The average range is estimated between 95% and 99%, with high performers regularly reaching 99%.
• According to the American Collection Association, only 15% of Hospital debt is collected and 22% of Non-Hospital Medical debt.
• In some cases, medical debt collections can be as low as 5%.  

Medical Bill Collection Timeline (e.g. number of days/months) by Physicians and Hospitals

• According to Bravado Health, multispecialty medical practices only collect half their accounts receivable within a month whereas they should be collecting 90% within that period.
• According to the Medical Group Management Association (MGMA), it is recommended that "Days in Receivables Outstanding" should be in a 40-45-day range, and that accounts over 120 days old are historically almost impossible to collect, with a recommendation to only have 12% of accounts in that category.
• The average is 40-50 days for medical accounts receivables.

Comparable metrics for consumer bills from other industries e.g. how long does it take to pay utilities, credit cards.

• On average, utilities in Europe and North America write off 2% of their revenue due to non-collectible debt.
• Utility companies have been experiencing around 5-7% of bad debt on their bill collections.