Medical billing and claim processing is a periodic process that strengthens the financial health of your medical practice. However, it is statistically proven that an average chiropractor loses 15-20% of annual revenue in terms of pending accounts receivables and bad debts. Chiropractic medical billing and settling accounts receivables is a challenge that most chiropractors struggle against every claim cycle. There are multiple reasons for a problematic accounts receivable status of your chiropractic clinic and the only way to address it is to identify problem areas and fix them over both short and long term.
The best way to maintain a healthy accounts receivable ratio, it is important to streamline your claim cycle and make it more efficient at identifying defaulters. Following steps can improve your claim cycle significantly and improve your claim settlement ratio –
Medicalbillersandcoders.com is a billing service provider that offers tailor made coding, billing, claim filing and collection solutions for your specialty service. Especially for reducing accounts receivables of your Chiropractic practice, you can partner with medicalbillersandcoders.com to monitor a more efficient & improved claim cycle.Back