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 […]
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Don’t let Medical Billing Challenges affect your Chiropractic Practice
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 […]
Hire a Billing Service to sail through Chiropractic Billing issues in 2014
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 […]
Outsource Cardiology Billing to sail Through Reimbursement Cuts and Rising Expenses
Significant cuts in reimbursement and rising costs of healthcare provision have posed grave challenges for cardiology practices across the US. Two proposed rules addressing Medicare payment and quality provisions for physicians and hospital outpatient services in 2014 released by CMS will have important ramifications on cardiology professionals. These rules have indicated more than 22% decrease […]
Things Chiropractors have to Change in Their Medical Billing Process in 2014
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 […]
Reducing Accounts Receivables in Your Chiropractic Billing by Improving Claim Cycle
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 […]
Improving Efficiency of Chiropractic Billing & Collections with focus on Patient Care
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 […]
How to Avoid Denials and Reimbursement Delays for your Chiropractic Claims
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 […]
Establishing best in Industry Medical Billing and Coding Procedures for your Chiropractic Clinic
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 […]
Capturing and Fixing Errors in Your Chiropractic Billing Procedures to Avoid Medical Audits
One of the biggest financial burdens on any medical practice is that of medical audit. Even though it is a necessary evil in the healthcare industry, medical audits setback the financial growth of any practice and initiates change in an otherwise streamlined medical practice. The best way to prepare your chiropractic clinic for a medical […]