Some tips to benefit from Chiropractic Billing Services

Billing for chiropractic services and managing office tasks at the same time is complicated, especially with the ever-changing policies, requirements, and regulations of commercial health insurances and government-run programs.

A streamlined, efficient and accurate financial process is important for any practice to be successful, and is indeed a key to healthy revenue generation capabilities.

However, it is important to consider some tips that can help keep the practice in good financial health and ultimately free up time to focus on what matters the most– quality patient care.

Analysis of Denied Claims

One of the biggest problems that negatively affect cash flow is denied claims.

According to a study conducted by Government Accountability Office, one in every four claims is denied.

Thus, with a careful analysis of denials and rejections, one can easily identify patterns that need to be corrected.

Verification is the key

The revenue cycle process starts as soon as a patient first makes an appointment with a provider office.

Strong emphasis must be laid upon accurate recording of patient demographics, including insurance information and provider eligibility.

Improving Code Accuracy

Code inaccuracy can affect the denial rate drastically. It can be improved by routinely double checking codes before claim submission.

Clean Claims Submission

It is crucial to submit clean claim the very first time.

It may take an extra 30 to 60 seconds to thoroughly scrub a claim for initial submission but if the claim is denied, you will end up wasting an average of 15 minutes per claim. And that is certainly no chiropractor wants.

Evaluating Accounts Receivable

According to a study, an approximate of 15% first time submitted claims and up to 50% of resubmitted ones are left unpaid due to billing errors.

One should be averaging less than 45 days in accounts receivable to strive for an ideal average of fewer than 30.

Reducing Excessive Accounts Receivable

There are a number of things that can be done to cut down on accounts receivable excess.

·         Separating accounts receivables by insurance and patient balances.

·         Separating different insurance payer types and understanding how their individual guidelines affect accounts receivable management.

·         Identifying the key offending payers prioritized by individual outstanding amounts.

·         Viewing payer specific monthly reimbursement trends.

Outsourcing your Chiropractic Billing Services

Keeping up with all the tasks that constitute a successful running chiropractic office isn’t easy.

Making use of the available options such as outsourcing chiropractic billing services will do no harm to the business.

Instead, will only improve the monthly revenue generation capabilities and help in streamlining the finances, so chiropractors can focus on what matters the most – patient care.

Visit Bikham.com and find out how our outsourced chiropractic billing services can help you.

Maintain that shining smile of yours, with our efficient Dental Medical Billing Services.

Dentistry is the branch of medicine which deals with the study, diagnosis, prevention, and treatment of disorders and conditions of the oral cavity, commonly in the oral mucosa and the tissues present in the jaw and facial area.

Getting reimbursement for dental services is a much complex process as compared to other specialties. Efforts needed for a reimbursement, increasing the infrastructure costs and the number of payment options become a massive challenge for any type of dental practice.

With ever-changing payer requirements and so many forces negatively impacting the profit margins, it has become more important for the dentists to ensure that they collect every dollar they earn.

Since 2005, Bikham has been providing comprehensive medical billing services to Dentists across the nation. We have developed a refined and customized methodology so that our clients get the maximum benefit from our Dental billing services and at the same time increase their revenue and decrease the compliance risks. Being updated and informed about any new healthcare reforms in the dental industry is our main priority, this allows us to give the best possible support to our clients.

Dental medical billing service is one of our core competencies. In the span of 13 years of being in service, we have been entrusted with the financial management of many successful dental practices. Our dental billing and coding experts identify the complex Medicare, Medicaid or any other commercial payer requirements.

We consistently invest in advanced technology and software and tailor them specifically for dental medical billing, coding, and collections services for maximum income realization of your practice.

We have a staff of experienced medical billers and certified coders with complete knowledge of the dental medical billing. We regularly carry out special training to keep them in pace with all the changes in dental healthcare policies and reforms.

Our focus on documentation improvement and education is simply unmatched. A team of dental medical billers becomes a seamless extension to your practice. You would enjoy the advantages of outsourced medical billing and reap the benefits of reduced workload. Additionally, you get a chance to focus more time on your patients and also increase the collections at the same time. Bikham  Healthcare enables you to reduce the workload on your desk and directly enhances the satisfaction level of your patients.

We boast of, 13 years of extensive hands-on industry experience and possess an ISO 27001:2013 accreditation also. If you choose us, to do the billing process for you, the entire thing would be executed by us, putting you at ease.