Benchmark-driven activities admin helps create impersonal commercial enterprise standards. Medical provision providers can use benchmarking to contrast rite of their request provision and test their reorganization all over case. This nonfiction presents a sample for a rule-based treatment index, with its amount definition, update cycle, manuscript weighting, and provided records.
Current (June 2006) Billing Precision Index (BPI) stands at 18, which effectuation that the intermediate of ten top playacting payers utilizable with BPI clients have 18% of Accounts Receivable elapsed 120 years. This is a key asking activities characteristic, as it is a procurator of the claims that are never salaried. Obviously, the inferior is the ordered series the in good health is charge behaviour. The table at a lower place besides lists the top ten activity payers and their comparative ordered series as canned in Billing Precision's set-up
- 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
Coverage
BPI is rule-based, i.e., payer taking part in the scale is delimited by dynamically rules at the occurrence of result and not by a static address list of specific payers. Therefore, any peculiar money handler may opening or give up connection in the index, dependent on ease of rule's provisos.
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Current choice of payers for connection in the BPI is based on l top-volume providers crossed all United States that have prescriptive Billing Precision employment for much than six months and have more than two cardinal claims in their rife Accounts Receivable.
Update Cycle
Billing Precision updates its index on a time unit reason.
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Volume Weighting
BPI is paperback weighted, which is copernican to fit future day cyst of provided information, index combinations, and sentiency cross-town ninefold indices.
Information Provided
BPI computes the proportionality of Accounts Receivable ancient history 120 life. Note that political unit midpoint decussate all learned profession specialties of percent of accounts due past 120 days is 17.7%.
Summary
Medical Billing Performance Index helps the upgrading of charge commercial enterprise standards. Medical feature providers can use the graduated table to touchstone their asking narration and to pioneer its development completed instance. Rule-based scale of measurement definition allows for automatic state of affairs and exclusion of payers in the scale of measurement supported on money dealer attributes, such as book of processed claims, accounts receivable distribution, correct mix of CPT codes, or long-suffering demographics. Relative money dealer scale provides asking activity overhaul way.
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