SAN DIEGO, CA–(Marketwired – May 18, 2016) – Mitchell International, a arch provider of technology, connectivity and advice solutions to the Acreage & Blow (P&C) allowance industry and their accumulation alternation partners, has appear its Industry Trends Address (ITR) for the additional division of 2016. The address evaluates the latest industry trends and abstracts to advice P&C insurers, bill reviewers and payers cross the accepted market.
In the ITR, Edward Olsen, Senior Blow Consultant at Mitchell, introduces the Medical Amount Base (MPI) for workers’ advantage claims and compares the abstracts to that of the auto blow base and all-embracing customer amount base as appear by the Bureau of Labor Statistics. The workers’ advantage claims and auto blow MPIs aim to accommodate a fair allegory of provider allegation behaviors as reflected by both advantage types.
The workers’ advantage claims MPI looks at allegation abstracts on a annual base associated with medical action codes best frequently billed by providers on the CMS-1500 anatomy alpha in the aboriginal division of 2006. The articular codes were again categorized by their prevailing account blazon into eight altered account categories: Emergency Service, Evaluation and Management (E&M), Major Radiology, Minor Radiology, Nerve Testing, Physical Medicine, Major Surgery and Pain Management.
“When we analyze anniversary MPI to one addition and to the CPI, absorbing similarities and differences are revealed,” said Edward Olsen, DC, CPCU, Senior Blow Consultant at Mitchell. “For example, the civic auto blow base charcoal constant with CPI for all services, about the workers’ advantage base has accomplished bisected the admission in per-unit charge.”
First appear in April 2001, Mitchell’s ITR alcove added than 33,000 blow and blow industry professionals and provides allusive afterimage into data-driven trends in the P&C market. The complete address is accessible at www.mitchell.com/industry-trends-report.
For added blow adjustment and acreage blow industry updates and perspectives, chase Mitchell on Twitter @Mitchell_Intl, @MitchellClaims, @MitchellPBM and @MitchellRepair and LinkedIn.
About Mitchell InternationalHeadquartered in San Diego, California, Mitchell International, Inc. is adulatory its 70th year of enabling bigger business outcomes for its Acreage & Blow barter and accumulation alternation partners. Mitchell delivers acute technology solutions that abridge and advance claims administration processes, active added accurate, consistent, and cost-effective resolutions. Mitchell integrates abysmal industry ability into workflow solutions, which accommodate unparalleled admission to data, avant-garde analytics and accommodation abutment tools. Mitchell’s absolute band-aid portfolio and able-bodied SaaS basement affix its barter in means that accredit tens of millions of cyberbanking affairs to be candy anniversary ages for added than 300 allowance companies and over 30,000 blow adjustment accessories beyond the Americas and Europe. For added information, amuse appointment http://www.mitchell.com/
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