Chiropractors -Maximize Your Practice Revenue By Following Tactics

1
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
2
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
isnt 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
3
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
4
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
5
Chiropractors -Maximize Your Practice Revenue By
Following Tactics
About 24/7 Medical Billing Services 24/7
Medical Billing Services is the nations 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 [phone] Email -
info_at_247medicalbillingservices.com
https//www.247medicalbillingservices.com
1 888-502-0537