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Healthcare Payer Reimbursement Rates 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 Reimbursement Rates for Physical Therapy Practices in Michigan

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 10 hours ago
83.30%
Latest
90.50%
Average
99.60%
Max
73.20%
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 10 hours ago
0.90%
Latest
10.66%
Average
15.20%
Max
0.90%
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 10 hours ago
$119.56
Latest
$118.42
Expected
$119.56
High
$126.12
Mean
$115.28
Low
$102.93
Median
$114.77

Top Healthcare Payers in Michigan

BCBS of Michigan

$148.53

paid in 10 days

Medicare of Michigan

$107.02

paid in 16 days

United Health Care

$100.44

paid in 16 days

Blue Cross Blue Shield of Michigan (Medicare Advantage)

$94.80

paid in 30 days

Aetna

$88.82

paid in 17 days

Alliance Health and Life

$81.46

paid in 13 days

Blue Care Network

$80.80

paid in 8 days

Humana

$79.36

paid in 12 days

Blue Cross Complete of Michigan

$79.12

paid in 26 days

Priority Health

$78.09

paid in 21 days

CPT copyright 2024 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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