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 billing.
This is where an outsourced chiropractic medical billing and coding company comes in handy. Their service takes charge of all your coding and specialty billing needs. This would free your time up to take care of your patients. Outsourcing also presents you more time to draw in new patients to your practice. And this is just one of the reasons to outsource your billing needs.
Critical reasons you need to outsource chiropractic medical billing tasks:
- Outsourcing your medical billing needs cuts down on the number of office staff that you need at the facility. This is because of the fact that the billing organization will improve all aspects of claims submissions, right from first entry to the reimbursement date, thus an increase in profit.
- If the reimbursement claims going out of your office are not coded exactly as needed, the payment for your services will be delayed. When you outsource your chiropractic billing requirements, the dedicated medical billers and coders will have experts overseeing, if the tasks are performed correctly.
- The medical billing companies that provide revenue management services have systems in place to track the claims to make sure payment is made in a timely fashion.
- The various federal and state regulations on what is covered by insurance companies are constantly changing. This makes it difficult for your office staff to keep up with all these changes. An independent and dedicated specialty chiropractic billing organization typically has staff designated to this task.
Once when you make up your mind to outsource the medical billing requirements, the next step is to look at the things that make them good at their job.
Keep in mind that not every billing and coding company is built alike. Many billing service providers still operate on old technologies. Here are a few important things you should expect from any billing service company you hire?
Check the credentials
You should expect the chiropractic medical billing service provider to employ people with advanced degrees and experience with millions of claims. They should be educated in chiropractic coding, or law, with healthcare compliance experience.
Most of the chiropractic medical billers are unconsciously incompetent, and if they are competent they should, at most, play an assistant role in the billing service company.
Is the billing software compatible with your specialty?
Most chiropractic billing software is built and designed to satisfy the needs of a single clinic. A billing organization designs its software to take advantage of all the operational efficiency of congregating multiple clinics claim and processes which drives the cost way down, reduces errors, and drives the collection rates up.
For example, imagine if you were a farmer who had to harvest one plant at a time. That would be ridiculous and highly inefficient! Yet, that is what a medical facility does when they perform their own billing in-house.
Gain control over the level of billing you require
The chiropractic medical biller and coder you outsource your services should have a long list of services that you can turn on and off depending on your needs.
Do remember that your main goal here is to get your medical billing claims taken care in a timely and organized manner. Outsourcing the requirement can save you time and money and you may even be able to cut down on your staff. This is definitely something to look into for a solution to your chiropractic medical billing and coding services.