Streamline Medical Billing to Enhance your Chiropractic cash Flows

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Streamline Medical Billing to Enhance your
Chiropractic cash Flows
Chiropractors have always suffered due to revenue management and medical billing
services challenges. Due to healthcare reforms, over hauling of chiropractic revenue
models has become the need of the hour. Previously considered as a non-primary care
practice, various significant additions of primary care responsibilities have been made to
the portfolio of chiropractors, requiring them to pay more attention to billing in order to
get paid.
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A number of services and therapies are offered by most chiropractors, reflecting
the different issues and injuries treated by them. These multiple issues and
therapies result in overwhelming challenges related to billing and collections
which can be solved only with the help of a highly-skilled billing team

Coding recommendations and billing regulations keep changing for chiropractors
for which the in-house billing department requires constant training for
delivering timely invoices and procure full payments

Chiropractors also need to provide the necessary resources and tools to the
billing department for optimum results
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Unlike large practices that train or hire professional coders for handling billing and
coding tasks, most chiropractic practices lack the money to get resources that can bring
their billing on track.
Issues to be faced by chiropractors in 2014:

There is an update to 1500 form for 2014, allowing 12 diagnoses in block 21. This
update is meant for accommodating ICD-10 CM coding set. As this code system
is more specific, providers will likely use more codes and necessary purchase or
upgrade will have to be done for the same

ICD-10 will take effect in 2015 for which chiropractors will have to be more than
prepared. The new code set will change all the codes used for diagnosis.
Providers will have to allocate resources for converting and adding new codes to
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the "cheat sheet" list, update billing program and software according to the new
code set

39 to 50 states have mandatory chiropractic benefits which will increase number
of patients at a chiropractic office. On one hand this will benefit chiropractors
while on the other hand some insurance plans will scrutinize the number of visits
and services in a close manner, increasing pressure on providers
Billing and reimbursement for chiropractors can appear to be simple but in case of
unpreparedness, it can become extremely daunting. Even if your practice is familiar with
codes required for chiropractic billing, your billing department might not be aware of
the complexities that lead to denials. In such cases, many chiropractors prefer
outsourcing their billing requirements in order to sail through reimbursement
challenges.
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End to End Medical Billing Solutions
Medicalbillersandcoders.com has been offering
effective billing solutions to
chiropractors across 50 states in the US. We have the largest consortium of coders and
billers who are well-trained in handling chiropractic billing challenges and make use of
the latest technology to deliver timely reimbursements. From claim submission and
follow-ups to HIPAA compliance and successful implementation of health record
systems, MBC will offer you complete assistance. While an expert team handle the
revenue cycle of your practice, you can concentrate on offering quality patient care.
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End to End Medical Billing Solutions
Related Posts:
How Can Outsourcing Solve Medical Billing and Reimbursement
Challenges for Physicians in 2014?
Outsource Cardiology Billing to sail Through Reimbursement Cuts
and Rising Expenses
Top Medical Billing and Coding concerns in 2014 for Doctors
2014 Medicare Therapy Cap and its Medical Billing and Coding
Implications
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