As a Chiropractor, you must focus extensively on new advancements in your specialty domain and methods of improving patient care. But like most chiropractors, if you are also a clinic owner or individual medical practitioner, much of your time must also be getting delegated to the financial performance of your practice. Studies have revealed that year on year; medical practitioners lose as much as 30% of their potential and earned revenue due to claim denials and reimbursement delays. Although claim appeals and eventual settlement of accounts receivables can release the money back in your revenue cycle, it is often too little too late. These delayed payments reduce the profitability of your practice and hamper short term as well as long term financial plans.
To avoid denials and reimbursement delays for your chiropractic claims, you can adopt the following billing and claim filing practices –
Your chiropractic clinic can’t be considered financially successful unless it achieves a claim denial ratio of less than 4%. Medicalbillersandcoders.com is one such billing service provider that can take care of all the steps required for effective billing and claim settlement. With medicalbillersandcoders.com as your billing partner, you can focus on the care quality offered by you as a chiropractor and leave the financial hassles to be catered to and resolved by us.Back