Physicians’ preferred commercial payor:
Blues Plans — 29 percent
Aetna — 10 percent
United Healthcare — 9 percent
Cigna — 5 percent
Kaiser Foundation Health — 3 percent
What makes the best payor?
Level of payment — 54 percent
Easy to do business with — 15 percent
Frequency of denials — 13 percent
Speed of payment — 7 percent
Requirements for preapproval — 6 percent
Greatest frequency of claims denials:
United Healthcare — 12 percent
Blues Plans — 11 percent
Aetna — 7 percent
Cigna — 5 percent
Humana — 4 percent
How many insurers do you participate with?
Six to 10 — 32 percent
11 to 20 — 30 percent
One to five — 19 percent
30 or more — 10 percent
21 to 30 — 9 percent
More Articles on Coding, Billing and Collections:
5 Questions to Assess ICD-10 Vendor Readiness
Maine Hospitals Support Legislation to Determine Patient Pay Ability
Ingenious Med’s Software Now Supports Outpatient Billing
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
