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
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