Fact Based List:
Six Findings from Sherlock Company's BCBS Benchmark Report
Submitted by Patty Jamison on Wed, 07/05/2023 - 13:52
- PMPM administrative costs were $45.36 across the 17 plans surveyed, an 8.9% increase from 2021.
- Accounts and membership expenses rose 8.3%, up from 1.7% percent in 2021.
- Staffing ratios for plans increased slightly, up 1.9% percent from 2021.
- Plans had an average of 20.6 full-time employees per 10,000 members.
- Median compensation increased by 5.9% for Blues' plan employees.
- Medicare Advantage plans had the highest median PMPM administrative costs at $150.25.
Notes: PMPM: Per member per month
Source: Sherlock Company via Beckers, June 2023
Source URL: https://www.beckerspayer.com/payer/administrative-costs-for-...
List Ratings: |
Lists You Might Also Be Interested In
- Health Pocket: The Bottom Five Providers In Overall Customer Service For Medicare Advantage
- Ten Next Generation ACO Fast Facts
- Lyndsey Gilpin: 10 Technologies Changing The Future Of Healthcare
- Top 10 States with Most Primary Care Physicians*
- PeopleKeep: 5 challenges nonprofits encounter in offering group health insurance benefits
Login or register to post comments