Tips to increase collection in Chiropractic Medical Coding and Billing - PowerPoint PPT Presentation

About This Presentation
Title:

Tips to increase collection in Chiropractic Medical Coding and Billing

Description:

To become successful in chiropractic medical billing and coding practices have a number of elements to look into. This includes a savvy practice management, strong accounts receivables, a well trained staff, and the capability to properly code and document diagnoses. – PowerPoint PPT presentation

Number of Views:38

less

Transcript and Presenter's Notes

Title: Tips to increase collection in Chiropractic Medical Coding and Billing


1
  • Tips to increase collection in Chiropractic
    Medical Coding and Billing

2
Tips to increase collection in Chiropractic
Medical Coding and Billing
To become successful in chiropractic medical
billing and coding practices have a number of
elements to look into. This includes a savvy
practice management, strong accounts receivables,
a well trained staff, and the capability to
properly code and document diagnoses. As a
well-established chiropractic medical billing and
coding company we have compiled our best
resources to help healthcare units navigate the
intricate landscape of chiropractic revenue
management. Whether it is to increase monthly
revenue, decrease denials or simply improve your
practice performance, we are there to help you in
each and every step. At Medisys we offer
chiropractic billing and coding services via a
dedicated and team of experts in order to
accomplish maximum reimbursements. Our
professionals specializing in billing and coding
for chiropractic services possess in-depth
knowledge and experience in processing
chiropractic claims with adhering to the altering
federal regulations and insurance schemes. Here
are few successful tips to increase your
chiropractic medical billing collection
Medical Billing Services in Oregon
3
Tips to increase collection in Chiropractic
Medical Coding and Billing
  • Analyze Accounts Receivable
  • If you are still unaware, remember that
    approximately 20 percent of claims are never
    reimbursed due to billing negligence and up to 50
    percent of re-submitted, which never get paid. To
    remain a steady practice you should be averaging
    under 45 days in the AR days and look to take it
    down to 30 days.
  • Diminish Excessive AR
  • Here are some handy tips to reducing the accounts
    receivable excess
  • Always separate AR by insurance and patient
    balances
  • Detach various insurance payer types, and
    understand how their detailed guidelines affect
    your accounts receivable management.
  • Recognize key offending payers by the outstanding
    amount.
  • Check monthly reimbursement trends for each
    insurer
  • Improve the insurance verification process
  • The chiropractic medical billing and coding
    claims management process begins as soon as a
    patient first makes an appointment with a
    doctors office or healthcare provider. A robust
    emphasis must be placed on recording the precise
    patient data, which including insurance
    information, demography details and provider
    eligibility.

Medical Billing Services in Oregon
4
Tips to increase collection in Chiropractic
Medical Coding and Billing
Sending Clean Claims Theres never a bigger
satisfaction then sending clean claims at the
first go itself. Agreed, that it might take some
extra time of a minute or so per claim to
thoroughly scrub it for initial submission,
however, if the claim is denied, it will end up
taking a month to sort things out, and submit a
fresh claim. Get Help Connect with a
Chiropractic Medical Billing and Coding Service
Provider As a physician keeping up with all the
normal and day-to-day tasks at the medical
facility of your chiropractic office isnt easy.
In fact, the in-house staff must work attentively
and systematically to review suspended claims and
investigate where gaps exist when we think about
compliance, billing errors and timeliness. The
best way to run a successful chiropractic
facility, align your priorities with Medisys, and
feel the difference of a seamless revenue
management service that steadies the income cycle
of your facility.
Medical Billing Services in Oregon
Write a Comment
User Comments (0)
About PowerShow.com