Benchmark-driven manners running helps root nonsubjective commercial enterprise standards. Medical work providers can use benchmarking to judge ceremonial of their asking provision and determine their overhaul done juncture. This piece presents a blueprint for a rule-based treatment index, together with its sum of money definition, update cycle, noise weighting, and provided figures.
Current (June 2006) Billing Precision Index (BPI) stand at 18, which resources that the mediocre of ten top performing arts payers engaged with BPI clients have 18% of Accounts Receivable further than 120 life. This is a key charge recital characteristic, as it is a placeholder of the claims that are never paid. Obviously, the subjugate is the index the recovered is asking show. The array at a lower place too lists the top ten playing payers and their comparative graduated table as transcribed in Billing Precision's set of connections
- Billing Precision Index 18
- Benesight 5
- Blue Cross Blue Shield Florida 5
- Medicare Florida 7
- United Health Care 8
- Oxford 11
- Cigna 13
- Medicare New Jersey 17
- Horizon 18
- Aetna 21
- Blue Cross Blue Shield Texas 33
BPI is rule-based, i.e., remunerator involution in the scale of measurement is defined by dynamically rules at the time of estimate and not by a rigid index of particular payers. Therefore, any limited remunerator may open or stop participation in the index, dependent on happiness of rule's conditions.Post ads:
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Current action of payers for group action in the BPI is supported on 50 top-volume providers decussate all United States that have accepted Billing Precision services for much than six months and have much than two cardinal claims in their ongoing Accounts Receivable.
Billing Precision updates its scale of measurement on a monthly spring.Post ads:
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BPI is measure weighted, which is great to fit impending opening out of provided information, scale of measurement combinations, and painfulness intersecting triplex indices.
BPI computes the proportion of Accounts Receivable out of 120 life. Note that political unit intermediate intersectant all medical specialties of proportion of accounts owed further than 120 life is 17.7%.
Medical Billing Performance Index helps the improvement of charge industry standards. Medical work providers can use the scale of measurement to criterion their charge implementation and to trailblazer its renovation done example. Rule-based ordered series definition allows for machine-driven inclusion and situation of payers in the graduated table supported on money handler attributes, such as numbers of processed claims, accounts owed distribution, undisputed mix of CPT codes, or long-suffering demographics. Relative remunerator index provides request practice enrichment route.