Uploaded on May 21, 2020
With the ever-changing requirements and regulations of health insurance and government programs, it can be a difficult task to manage a chiropractic office. Providers are always in need of an efficient and streamlined financial process so that the revenue cycle remains healthy and they get sufficient time to focus on patient care. They will have to offer timely revenue cycle management support to help your practice to survive in business and make profit. Streamlining the financial process is very important for all chiropractic offices.
A complete Chiropractic Billing Analysis
A COMPLETE CHIROPRACTIC BILLING ANALYSIS
With the ever-changing requirements and regulations of health insurance and
government programs, it can be a difficult task to manage a chiropractic office.
Providers are always in need of an efficient and streamlined financial process so
that the revenue cycle remains healthy and they get sufficient time to focus on
patient care. They will have to offer timely revenue cycle management support to
help your practice to survive in business and make profit. Streamlining the
financial process is very important for all chiropractic offices.
http://www.247medicalbillingservices.com
A COMPLETE CHIROPRACTIC BILLING ANALYSIS
Here are a few billing tips that every chiropractic practice needs to follow
in order to get timely payments:
• It is very important to evaluate AR or accounts receivable on a regular basis.
Your practice should be averaging under 45 days in AR and strive for an
average under 30.
• Coding accuracy all have to be improved by scrubbing codes before
submission in a routine manner. Denied claims will have to be analyzed to
identify patterns that can be rectified.
• Verification stage will need improvement as well because the reimbursement
process starts when a patient makes an appointment with a healthcare
provider. If patient data, including provider eligibility and insurance
information is not recorded accurately, then it will impact the chances of
getting full payment.
• Having a team of expert billers is very important because the practice should
send error-free claims the first time around. Each claim should be scrubbed
thoroughly for initial submission. This takes not more than 30 to 60 seconds
per claim.
http://www.247medicalbillingservices.com
A COMPLETE CHIROPRACTIC BILLING ANALYSIS
If you are also running a chiropractic office, then you will need a team of
experienced billers and coders to sail through reimbursement challenges. The
team needs to understand the nuances of chiropractic billing because it is quite
different from that of other specialties.
At times, keeping up with all the coding and billing requirements becomes a task
for most practices. They struggle between revenue challenges and the need to
invest time in patient care. This is one of the main reasons why they prefer to
outsource their billing needs to a third party. They prefer hiring a reliable billing
partner who will not only help the practice get maximum payment by submitting
error-free claims but also comply with regulations and analyze the gaps that exist
in their revenue cycle.
http://www.247medicalbillingservices.com
A COMPLETE CHIROPRACTIC BILLING ANALYSIS
About 24/7 Medical Billing Services:
We are a Medical billing company that offers ‘24/7 Medical Billing Services’ and
support physicians, hospitals, Medical institutions and group practices with our
end to end Medical billing solutions. We help you earn more revenue with our
quick and affordable services. Our customized Revenue Cycle Management
(RCM) solutions allow physicians to attract additional revenue and reduce
administrative burden or losses.
Contact:
24/7 Medical Billing Services
Tel: +1 888-502-0537
Email: [email protected]
http://www.247medicalbillingservices.com
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