Six Findings from Sherlock Company's BCBS Benchmark Report

  1. PMPM administrative costs were $45.36 across the 17 plans surveyed
  2. an 8.9% increase from 2021.
  3. Accounts and membership expenses rose 8.3%
  4. up from 1.7% percent in 2021.
  5. Staffing ratios for plans increased slightly
  6. up 1.9% percent from 2021.
  7. Plans had an average of 20.6 full-time employees per 10
  8. 000 members.
  9. Median compensation increased by 5.9% for Blues' plan employees.
  10. 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 - https://www.beckerspayer.com/payer/administrative-costs-for-bcbs-plans-on-the-r…

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