You can set the timer interval to anything you want, either in the designer or by setting using a block set Clock.TimerInterval to ...
Default is 1000 milliseconds, but you could set it to 500 milliseconds for example, to see if you get less data loss. This very much depends how fast you are sending things from the Arduino side, and as already said, Baud rate has not much to do with it, because Android just buffers the messages if they are not read fast enough.
Cheers, Ghica.