Uploaded on Sep 7, 2021
By hiring a chiropractic billing service provider, your practice can continue working on patient care without worrying about claims submission and denials.
Chiropractors -Maximize Your Practice Revenue By Following Tactics
Chiropractors -Maximize Your Practice Revenue By
Following Tactics
Want to boost the income of your chiropractic office?
If yes, then you need to ensure that your financial process is
streamlined and efficient. This is crucial for maintaining a
healthy revenue cycle. Here are a few effective office management
tips that can be followed to increase revenue and to free up more time
for quality patient care.
Make sure that you are evaluating account receivable of your
chiropractic office on a regular basis. Averaging less than 45 days in
A/R is recommended but it is better to strive for an ideal average of
fewer than 30. If there is excessive A/R, then start by separating A/R
by insurance and patient balances, identify key offending payers, and
view monthly reimbursement trends and try to understand how payer
specific guidelines are affecting your A/R management.
https://www.247medicalbillingservices.com | +1 888-502-0537
Chiropractors -Maximize Your Practice Revenue By
Following Tactics
Another tactic to improve reimbursement is by improving coding
accuracy. By routinely scrubbing codes before claims submission,
chances of denials can be minimized or eliminated. It is better to let a
team of experienced coders handle this task.
Denials happen but if your practice isn’t analyzing denied claims, then
there is a problem. Through this analysis, it becomes easy to identify
patterns that need correction. You need to find answers to questions
like- are insurers considering the care your patient received as medically
unnecessary? Are the beneficiaries receiving care outside their network
and not realizing it?
https://www.247medicalbillingservices.com | +1 888-502-0537
Chiropractors -Maximize Your Practice Revenue By
Following Tactics
Lack of accurate eligibility verification is one of the main reasons why
claims get denied. It is important to remember that claims reimbursement
procedure will begin as soon as the patient will be making his/her first
appointment with your practice. Your staff needs to focus on recording
accurate patient data, including provider eligibility and insurance information.
It is very important to ensure that your office is sending clean claims the first
time around. Your billers will surely take at least 30-60 seconds more on
each claim but if the claims are thoroughly scrubbed for initial submission,
chances of denials will be minimized.
https://www.247medicalbillingservices.com | +1 888-502-0537
Chiropractors -Maximize Your Practice Revenue By
Following Tactics
Conclusion:
This is also important because if claims get denied, resubmission will
take an average of 15 minutes per claim.
If revenue cycle management is getting too much to handle, then it is
best to seek expert assistance. By hiring a
chiropractic billing service provider, your practice can continue
working on patient care without worrying about claims submission
and denials.
By hiring a chiropractic billing service provider, your practice can
continue working on patient care without worrying about claims
submission and denials.
https://www.247medicalbillingservices.com | +1 888-502-0537
Chiropractors -Maximize Your Practice Revenue By
Following Tactics
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing
service provider catering services to more than 43 specialties across
the entire 50 states. You can rely on us for end-to-end revenue cycle
management. We guarantee up to 10-20% increase in the revenue
with cost reduction of your practice for up to 50%.
Media Contact:
Hari Sudan,
24/7 Medical Billing Services,
16192 Coastal Hwy, Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
https://www.247medicalbillingservices.com | +1 888-502-0537
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