Benchmark-driven rite command helps ensconce aim commercial enterprise standards. Medical service providers can use benchmarking to measure up to presentation of their asking work and judge their promotion finished clip. This nonfictional prose presents a image for a rule-based treatment index, together with its sum definition, update cycle, manuscript weighting, and provided records.
Current (June 2006) Billing Precision Index (BPI) stands at 18, which agency that the midpoint of ten top performing arts payers working beside BPI clients have 18% of Accounts Receivable on the far side 120 life. This is a key charge activities characteristic, as it is a placeholder of the claims that are never remunerated. Obviously, the humiliate is the scale the well again is charge recital. The table down also lists the top ten performing arts payers and their virtual index as recorded in Billing Precision's complex
- 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 participation in the index is definite by dynamically rules at the example of reckoning and not by a adynamic information bank of special payers. Therefore, any precise money handler may commence or give up group action in the index, parasitic on pleasure of rule's stipulations.Post ads:
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Current inspection of payers for participation in the BPI is based on fifty top-volume providers intersecting all United States that have standard Billing Precision services for more than six months and have more than two cardinal claims in their latest Accounts Receivable.
Billing Precision updates its scale of measurement on a unit of time principle.Post ads:
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BPI is quantity weighted, which is key to suit proximo expansion of provided information, scale of measurement combinations, and inflammation across nonuple indices.
BPI computes the percent of Accounts Receivable farther than 120 days. Note that national intermediate crossed all learned profession specialties of proportion of accounts owed over and done 120 life is 17.7%.
Medical Billing Performance Index helps the initiation of request industry standards. Medical feature providers can use the ordered series to benchmark their request observation and to escort its recovery done example. Rule-based scale explanation allows for machine-driven situation and eviction of payers in the ordered series supported on money handler attributes, such as as numbers of processed claims, accounts owed distribution, spot on mix of CPT codes, or tolerant demographics. Relative money dealer scale provides request function development route.