It can be difficult to determine which payor is the best payor because physicians often find benefits and drawbacks from each company. According to Medscape's Insurer Ratings Report 2011, 54 percent of physicians say the level of payment is the most important factor in making a payor their best payor. Other important factors include that the company is easy to do business with (15 percent) and the frequency of denials (13 percent).
The survey was sent to 307,000 physicians in the United States and gathered 10,214 respondents.
Here are the top two "best" payors indicated by physicians in different specialties. Overall, 29 percent of physicians reported Blues Plans as their best payor with Aetna a distant second, at 10 percent.
Anesthesiology
Blues Plans: 21 percent
United Healthcare: 12 percent
Gastroenterology
Blues Plans: 31 percent
Aetna: 15 percent
General surgery
Blues Plans: 32 percent
Aetna: 11 percent
Neurology
Blues Plans: 33 percent
Aetna: 14 percent
Ophthalmology
Blues Plans: 28 percent
Aetna: 10 percent
Orthopedics
Blues Plans: 28 percent
Aetna: 8 percent
Plastic surgery and aesthetic medicine
Blues Plans: 29 percent
Aetna: 11 percent
Radiology
Blues Plans: 28 percent
Aetna: 7 percent
Rheumatology
Blues Plans: 25 percent
Cigna: 14 percent
Surgery
Blues Plans: 28 percent
United Healthcare: 10 percent
Urology
Blues Plans: 23 percent
Aetna: 13 percent
More Articles on Billing:
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The survey was sent to 307,000 physicians in the United States and gathered 10,214 respondents.
Here are the top two "best" payors indicated by physicians in different specialties. Overall, 29 percent of physicians reported Blues Plans as their best payor with Aetna a distant second, at 10 percent.
Anesthesiology
Blues Plans: 21 percent
United Healthcare: 12 percent
Gastroenterology
Blues Plans: 31 percent
Aetna: 15 percent
General surgery
Blues Plans: 32 percent
Aetna: 11 percent
Neurology
Blues Plans: 33 percent
Aetna: 14 percent
Ophthalmology
Blues Plans: 28 percent
Aetna: 10 percent
Orthopedics
Blues Plans: 28 percent
Aetna: 8 percent
Plastic surgery and aesthetic medicine
Blues Plans: 29 percent
Aetna: 11 percent
Radiology
Blues Plans: 28 percent
Aetna: 7 percent
Rheumatology
Blues Plans: 25 percent
Cigna: 14 percent
Surgery
Blues Plans: 28 percent
United Healthcare: 10 percent
Urology
Blues Plans: 23 percent
Aetna: 13 percent
More Articles on Billing:
When 5010 Implementation Delays Surgery Center Payment: 4 Ways to Respond
PSTIM Reporting: What Does Your Carrier Advise
Tough Coding Issues Facing ASCs