Why Your Chiropractic Practice Needs Outsource Billing? - PowerPoint PPT Presentation

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Why Your Chiropractic Practice Needs Outsource Billing?

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This is where an outsourced chiropractic billing and coding company comes in handy. Their service takes charge of all your coding and specialty billing needs. – PowerPoint PPT presentation

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Title: Why Your Chiropractic Practice Needs Outsource Billing?


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Why Your Chiropractic Practice Needs Outsource
Billing?
  • 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.

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Why Your Chiropractic Practice Needs Outsource
Billing?
  • 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?

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Why Your Chiropractic Practice Needs Outsource
Billing?
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.
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Why Your Chiropractic Practice Needs Outsource
Billing?
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.
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