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FIVE STRATEGIES TO IMPROVE CHIROPRACTIC MEDICAL BILLING AND REVENUE

Chiropractoru2019s medical billing has become quite complex with the new requirements and regulations along with the Medicareu2019s private payer insurance changes. In this constantly changing scenario chiropractors are inclined to reorganize their revenue cycle technologies, and billing workflows to submit clean claims, reduce denials and get reimbursed.

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FIVE STRATEGIES TO IMPROVE CHIROPRACTIC MEDICAL BILLING AND REVENUE

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  1. FIVE STRATEGIES TO IMPROVE CHIROPRACTIC MEDICAL BILLING AND REVENUE http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  2. FIVE STRATEGIES TO IMPROVE CHIROPRACTIC MEDICAL BILLING AND REVENUE http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  3. FIVE STRATEGIES TO IMPROVE CHIROPRACTIC MEDICAL BILLING AND REVENUE Here are five chiropractic billing strategies that can channelize a healthcare’s financial workflow and improve revenue: Verify insurance The patients should be responsible for their insurance verification every time when they visit the doctor. Before visiting the office, the eligibility verification of insurance accomplished by a specialist ensures that both the provider and the patient are responsible for what’s covered. Review insurance contracts Medical practices needs to take time to review their contracts with payers to understand if there were any changes from the previous year. Due to this the providers will get some more time to plan for negotiations, adjust and accommodate a change in workflow and processes and as per the situation demands, retrain the staffs. The providers should also be aware for all the filing deadlines for the upcoming year. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  4. FIVE STRATEGIES TO IMPROVE CHIROPRACTIC MEDICAL BILLING AND REVENUE Educate patients Patients are facing higher deductibles and co-pays than before but most are unaware of these aspects and other chiropractic medical billing and insurance terminology. Patients are being more responsible nowadays about their healthcare costs, so it’s important to initiate conversations with them about the cash. Coding correctly A clean claim- submission is the result of accurate coding. Since ICD -10 chiropractors are using more specific codes to report diagnosis and claim denials are automatically prevented with the right codes and hence a proper reimbursement is ensured.  Chiropractors must also use the right chiropractic procedure codes and modifiers to report services rendered correctly.  Incorrect coding will affect the revenue and will attract unwanted scrutiny which will take away the important time. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  5. FIVE REPORTS YOU SHOULD ASK FROM YOUR OUTSOURCED MEDICAL BILLING PARTNER Analyze and optimize accounts receivable (A/R) – In A/R process the lesser the number of days, the faster the practice gets the payment, on average. It is recommended by Physicians Practice to keep the accounts receivable in the 0-30-day category. One of the important aspects is A/R evaluation so that the practice’s revenue management cycle processes are efficient and effective and also address any issue which prevents timely payments. There are some useful tips which may help in A/R optimization- • Keeping separately the record of insurance and patient accounts receivable • Establish relationships with each payer as this can help resolve problems in the billing process faster • Implement a strict collections policy for patient accounts • Analyze reimbursement trends by payer on a monthly basis to identify, evaluate and prioritize the risks http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  6. About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice. Contact us - 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

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