Real-Time Healthcare Payer Benchmarks in Michigan

Accepting healthcare payers in Michigan shouldn't be mysterious. We share our aggregate data -- whether you're a client of ours or not.

Healthcare Payer Benchmarks for Physical Therapy Practices in Michigan

Real-Time Physical Therapy Practice Benchmarks in Michigan

First Pass Clean Claim Rate

The percentage of claims which meet standards for correct coding, modifiers, structure, and formatting on the first attempt.
Data refreshed 4 hours ago
97.00%
Latest
92.50%
Average
99.40%
Max
62.40%
Min

Denial Rate

The percentage of claims which are eventually denied by insurers, for a variety of possible reasons, including: patient policy information, exhausted benefits, authorization, limits, or provider status.
Data refreshed 4 hours ago
1.10%
Latest
9.01%
Average
21.10%
Max
1.10%
Min

Average Reimbursement Per Visit

While negotiated reimbursement rates between a health insurance company and a healthcare provider are confidential, we can give you a general sense for reimbursement rates by looking at the aggregate data across StrataPT's customers.
Data refreshed 4 hours ago
$155.90
Latest
$131.49
Expected
$155.90
High
$175.74
Mean
$132.44
Low
$108.14
Median
$129.21

Top Healthcare Payers in Michigan

State Farm

$322.81

paid in 54 days

Farm Bureau of Michigan

$218.43

paid in 47 days

Progressive

$205.32

paid in 65 days

Blue Cross Blue Shield of Michigan

$141.83

paid in 11 days

Blue Cross Blue Shield of Michigan (Medicare Advantage)

$97.11

paid in 38 days

Medicare of Michigan

$95.93

paid in 15 days

HAP

$74.60

paid in 10 days

Blue Care Network

$73.63

paid in 15 days

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