Chiropractic Office Billing Index Lost 0.6 in January - The Blues of Illinois and CIGNA Leading

Chiropractic Office Billing Precision Index (BPI) launched the new year 0.6% below the December 2007 mark of 18.8. In total in January achieved by 2008 BPI 19.4, 1.7 below the national average of 17.7.

The January 2008 index, a sample breaks in the last three months of the year, established in 2007, changed both the membership and the two leading positions: Blue Cross Blue Shield (BCBS) of Illinois, moved to the first peak, while CIGNA moved into the second, Push down Medicare Illinoisto sixth place. The table below itemize the January index, including its members and participants of the relative performance, as recorded in the system of billing Precision.

Billing Precision Index 19.4 - January 2008
Blue Cross Blue Shield Illinois 4.7 (improved position of 2 and up from 8.1 in December)
CIGNA 11.8 (improving the position of 3 and down from 10.7 in December)
Blue Cross Blue Shield New Jersey 12.4 (improving the position of 4, compared to 13.9 inDecember)
Aetna 14.1 (improving the position of 5, compared with 14.8 in December)
United Healthcare 14.4 (improving the position of 6, compared to 21.2 in December)
Medicare Illinois 14.9 (lost its leading position, compared with 6.8 in December)
Medicare New Jersey 21 (lost position of 6, compared to 18.8 in December)
GEICO 31.2 (same position, 35.2 in December)
Blue Cross Blue Shield Georgia 40.3 (same position, compared to 43.3 in December)
Blue Cross Blue Shield South Carolina 58.2 (newParticipants, rather than Blue Cross Blue Shield Pennsylvania to 43.4 in December)

Coverage

Billing Precision Index starts 2008 with participation of more stringent selection rules, expanding the total pool of one hundred and sixty participating provider (out of a hundred in 2007), and raise the minimum limit processed eight hundred volumes (of six hundred in 2007) for all cost in all United States. BPI is rule-based, ie, payer participation in theIndex is defined by a set of dynamic rules at the time of calculation, but as a static list of specific payers. Therefore, it can start a specific payer or terminate participation in the Index, subject to the satisfaction of the conditions of a rule.

Update Cycle

Billing Precision BPI monthly updates and employs volume weighted space of the future growth of the information provided, and sensitivity index combinations for several indices

InformationProvided

BPI computes the percentage of accounts receivable days on 120th Note that the national average for all medical specialties percent of receivables over 120 days 17.7%.

Abstract

BPI is a central billing feature, as it is a proxy of the claims that are never paid. BPI = 18.8 means that the average reach of the ten best results, working with payers Billing Precision clients have 18.8% of accounts receivable over 120 days.Chiropractic office managers use the rule-based index to benchmark their billing performance and guide its improvement over time. Rule-based benchmarking also allows for the identification of elite payers to lead the best in comparison to every payer in the country, as indicated by the index-driven in descending order.

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