Friday, November 13, 2009

Chiropractic Office Billing Performance Index 2006 - Top 10 Best-Paying Insurance Companies

A monthly billing precision index lists ten best paying insurance companies for chiropractic CPT codes in the past few months. Participation in the index is a number of criteria from bare minimum of applications submitted and payment information, including the all important performance measure that should be the percentage of receivables driven by 120 days.

Despite a low percentage of receivables over 120 days is critical to be included in the settlement index, the frequency ofparticipation in the index is a more robust performance measure as it also serves to measure billing performance consistency over longer time period.

For the annual performance review, index participation frequency table shows both the range of monthly index and its stability over time. Since Billing Precision started posting its index only in June 2006, the highest possible frequency earned by an insurance company in 2006 is 7.

Seven times:

United Healthcare: billing Index of 5 to 12
Medicare New Jersey: billing index 11 to 17
Cigna: billing index 12 to 18

Five times:
Horizon: The payroll index 3 to 18
Aetna: billing index 5 to 20
Medicare Wisconsin: billing index from 18 to 42

Four times:
Blue Cross Blue Shield Illinois: billing index 5 to 15
Blue Cross Blue Shield New Jersey: billing index 16 to 22

Three times:
Blue Cross Blue Shield WisconsinBilling Index 3 to 7
Blue Cross Blue Shield Florida: The payroll index from 5 to 55
Oxford: billing index 6 to 15

Twice
Blue Cross Blue Shield Texas: billing index from 2 to 33
Florida Medicare: billing index 6 to 17
Medicare Virginia: Settlement Index 10 to 15
EOS Health: billing index 12 to 20

Once:
Medicare West Virginia, the payroll index 1
Triad: billing index 3.5
Benesight: billing index 5
CareFirst NCA: billingIndex 7
Liberty Mutual: billing index 12
Medicare Alabama: Settlement Index 12
Blue Cross Blue Shield Alabama: billing index 24
Florida 1: billing index 24

Chiropractic office managers use the rule-based index to benchmark their billing performance and guide its improvement over time. Note that a simple comparison of the performance counter metrics of a national scale, if these contributors with good performance or not. The rule-based approach to benchmarking provides a ranking of theSorting through all of the contributors to the same performance metrics. 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. Finally, since the settlement index is, for all the participants so choose determines the number of a particular client has in the monthly index to its performance stability.

In contrast to the monthly BPI,Lists the ten best companies, the cost of insurance for chiropractic CPT codes selected in the last month, according to several criteria, including minimum annual volume of claims processed BPI simply counts the number of client participation in the monthly BPI last year. Despite a low percentage of receivables over 120 days is critical for the index are included in the settlement, is the frequency of participation in the index is a robust performance metric as it also serves toSettlement performance measure consistency over a longer period.



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