DecisionHealth, DecisionHealth - 2011 Issue 11 (November)

5 steps to rank your payers’ performance

You don’t get the same benefit from all your payers, whether it’s Aetna or Medicare. While their contribution to patient volume is a big factor in value, (see main story), you must take the administrative costs of doing business with them into account, says Frank Cohen, principal and senior analyst for the Frank Cohen Group LLC in Clearwater, Fla.

Here’s a five-step guide to ranking your payers, all based on data you can pull from your practice management system and/or accounting software.

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