Chiropractic Billing Precision Index Drops in February But Keeps Top January Payers

Billing Performance Index (BPI) in February 2007 underperformed its January value by another 2.2%, dropping the index from 15.4 down to 17.6, while retaining all of January participants on the list of top ten performers. This article describes the 9-th iteration of a rule-based chiropractic billing index, including its coverage definition, update cycle, volume weighting, and provided information.

BPI = 17.6 means that the average of ten top performing payers working with Billing Precision clients have 17.6% of Accounts Receivable beyond 120 days. BPI is a key billing performance characteristic, as it is a proxy of the claims that are never paid. Obviously, the lower is the index the better is billing performance. The table below also lists the top ten performing payers and their relative index as recorded in the Billing Precision's system.

• Billing Precision Index 17.6
• Blue Cross Blue Shield Illinois 11.2 9.4 (down from 9.4 in January)
• Cigna 12.4 (down from 11.2 in January)
• Blue Cross Blue Shield Texas 14.3 (down from 10.3 in January)
• Aetna 17 (up from 18.3 in January)
• Medicare New Jersey 17.6 (down from 14 in January)
• Blue Cross Blue Shield South Carolina 19 (down from 12.7 in January)
• United Health Care 19.7 (down from 19.2 in January)
• Medicare Illinois 19.8 (up from 25.9 in January)
• Blue Cross Blue Shield New Jersey 20.5 (down from 16.9 in January)
• Medicare Wisconsin 29.7 (down from 29.1 in January)

• Aetna 17 (up from 18.3 in January)
• Medicare Illinois 19.8 (up from 25.9 in January)

• Blue Cross Blue Shield Illinois 11.2 9.4 (down from 9.4 in January)
• Cigna 12.4 (down from 11.2 in January)
• Blue Cross Blue Shield Texas 14.3 (down from 10.3 in January)
• Medicare New Jersey 17.6 (down from 14 in January)
• Blue Cross Blue Shield South Carolina 19 (down from 12.7 in January)
• United Health Care 19.7 (down from 19.2 in January)
• Blue Cross Blue Shield New Jersey 20.5 (down from 16.9 in January)
• Medicare Wisconsin 29.7 (down from 29.1 in January)

Article Source: http://www.content.onlypunjab.com

Yuval Lirov, PhD, author of "Mission Critical Systems Management" (Prentice Hall), patent inventor in Artificial Intelligence and Computer Security, and CEO of Vericle.com Billing Technologies and Services. Download The “Business” of Healthcare Provider Audits - How Payers Are Getting Away with Practice Murder at ChiroAudit.com.

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