Chiropractic Billing Service Precision Index-January

January 2007 Billing Performance Index (BPI) underperformed December 2006 value by 2.3%, replacing four participants in the list of top ten performers and dropping the index from 13.1 down to 15.4. This article describes an 8-th iteration of a rule-based chiropractic billing index, including its coverage definition, update cycle, volume weighting, and provided information.

BPI = 15.4 means that the average of ten top performing payers working with Billing Precision clients have 15.4% 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 15.4
• Blue Cross Blue Shield Illinois 9.4 (up from 10.6 in December)
• Blue Cross Blue Shield Texas 10.3
• Cigna 11.2 (up from 12 in December )
• Blue Cross Blue Shield South Carolina 12.7
• Medicare New Jersey 14 (up from 16.3 in December)
• Blue Cross Blue Shield New Jersey 16.9 (up from 18.5 in December)
• Aetna 18.3
• United Health Care 19.2 (down from 7.1 in December)
• Medicare Illinois 25.9
• Medicare Wisconsin 29.1 (down from 18.5 in December)

• Triad 3.5
• Blue Cross Blue Shield Wisconsin 4.4
• Medicare Florida 5.6
• Health EOS 11.9

• Blue Cross Blue Shield Illinois 9.4 (up from 10.6 in December)
• Cigna 11.2 (up from 12 in December )
• Medicare New Jersey 14 (up from 16.3 in December)
• Blue Cross Blue Shield New Jersey 16.9 (up from 18.5 in December)

• United Health Care 19.2 (down from 7.1 in December)
• Medicare Illinois 25.9
• Medicare Wisconsin 29.1 (down from 18.5 in December)

• Blue Cross Blue Shield Texas 10.3
• Blue Cross Blue Shield South Carolina 12.7
• Aetna 18.3
• Medicare Illinois 25.9

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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