Managing a chiropractic facility or any type of healthcare unit is a tiresome job. You require many internal departments to work together for a common goal, including chiropractic medical billing. This stands important in today’s ever-changing health care and insurance laws, where one-minute medical billing and coding mistake can turn in loss of revenue. Having […]
As a successful chiropractic practitioner, you may get exasperated at times with your facilities monthly or quarterly bottom line. Monetary reimbursement from insurance companies or patients may not be coming in as quickly as it used to. This means most of the time you and your staff time is spent on the task of chiropractic […]
Compared to other medical specialities, chiropractors face a lot of pressure and responsibilities of running a business. This leaves them with little time for patient care which is extremely important to receive a constant flow of patients. Coding recommendations and billing regulations keep changing in the chiropractic and pain management arena. Increased administrative work involved […]
Chiropractors have been facing 26% fee cut for some time and with ICD-10 round the corner, it has become important to be prepared for billing challenges. According to a survey, a large number of chiropractic practices in the US are not yet prepared for the new code set. The survey was conducted on 300 providers […]
Chiropractic practices might face various billing challenges in 2014 if they are not well-prepared. There are few common medical billing errors that lead to revenue loss and increased audit risk: Wrong allocation of ICD-9 codes for rendered services Provision of all services at one level and billing all services at a high level Failure to […]
2014, by no means, will be an easy year for chiropractic practices with changes in billing and coding regulations and standards. To meet these regulatory challenges, chiropractic services will have to change five things in their medical billing and coding process- Obamacare and its challenges for chiropractors: There is an ambiguity on how exactly Obamacare […]
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 […]
Modern Healthcare has undergone a paradigm shift in the past few years by way of ideology reframing from process orientation to customer (or more appropriately, patient) orientation. Better focus on patient care has improved the performance and financial health of many medical practices over the past few years. This is the reason that government is […]
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 […]
Chiropractic billing and coding has undergone significant overhauling in the previous years given changes in insurance practices, automation of data recording and compliance regulations. However, chiropractors across the nation continue to lose money in claim denials, bad debts and audit issues due to inefficient coding and billing procedures. To improve financial feasibility of your chiropractic […]
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