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 5 hours ago
99.20%
Latest
95.61%
Average
99.40%
Max
89.10%
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 5 hours ago
6.90%
Latest
6.89%
Average
11.70%
Max
2.10%
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 5 hours ago
$125.60
Latest
$144.23
Expected
$125.60
High
$144.23
Mean
$119.83
Low
$108.63
Median
$119.45

Top Healthcare Payers in Michigan

More Michigan Healthcare Payer Benchmarks

Progressive

$180.85

paid in 51 days

Blue Cross Blue Shield of Michigan

$154.19

paid in 9 days

Humana

$110.54

paid in 9 days

Medicare of Michigan

$106.30

paid in 15 days

Priority Health

$93.44

paid in 8 days

Blue Cross Blue Shield of Michigan (Medicare Advantage)

$91.25

paid in 51 days

Blue Care Network

$75.47

paid in 12 days

Alliance Health and Life

$72.62

paid in 10 days

CPT copyright 2023 American Medical Association.

All rights reserved. Fee schedules, relative value units, conversion factors and/or related components are not assigned by the AMA, are not part of CPT, and the AMA is not recommending their use. The AMA does not directly or indirectly practice medicine or dispense medical services. The AMA assumes no liability for data contained or not contained herein.

Frequently Asked Questions

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If you’re in a rush and want to get the ball rolling, let's put something on the calendar now to talk about how StrataPT can work for you.

See how Strata can grow your practice

300
$100.00
70%

This is the total amount you currently spend for EMR, scheduling or other software used to run your practice on a daily basis.

This is the total amount you currently spend for billing services. Typically this is the total monthly expense of your billing team (including salaries, benefits, clearinghouse fees, USPS postage and more) or the monthly fees paid to your billing service.

+$11,400.00 additional cash each month for your practice