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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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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