Important Cardiology Medical Billing and Coding Changes to look out for in 2019.

Cardiology medical practices offer a variety of services like invasive procedures and interventions to patients in different settings. Service charges in this specialty are dealt with differently, depending upon the place of service. Now, the Place of Service can be different for different situations like Surgery Center, Hospital, Doctor’s clinic, hospice care, skilled nursing facility or some other place.

Keeping up with the changes and discovering the best practice has become more important than ever. Billing cardiology claims accurately, requires a working knowledge of cardiology specific CPT and diagnosis codes, current coding rules, and ever-changing compliance standards. A minor mistake in cardiology medical billing and coding can invite denials and adversely affect your practice revenue.

Cardiology Medical Billing and Coding Changes

Though more than 450 changes were introduced in the 2019 ICD-10 updates, there were only a few changes or revisions that affected Cardiology. However, it is still imperative that you familiarize yourself with them. Here we have compiled some of them for you to get a hang of it.

Changes in Cerebral Infarction

New codes were introduced to cerebral infarction category I63. Following are some of them.

·         I63.81 – Cerebral infarction due to occlusion or stenosis of the small artery (lacunar infarction also included)

·         I63.89 –Cerebral infarction

These codes might be required to report with an additional code, R29.7, indicating the NIHS (National Institute of Health Stroke) scale for the patient, when applicable.

Introduction of New Subcategory in I67

Cerebrovascular Disease, category I67 was introduced with a new sub-category for hereditary cerebrovascular diseases. The new codes in this subcategory were:

I67.850, for cerebral autosomal dominant arteriopathy, subcortical infarcts, Leukoencephalopathy with CADASIL.

I67.858, for other hereditary cerebrovascular diseases.

With the introduction of these new subcategories, a new “code also” note is also present that instructs reporting of associated diagnoses like vascular dementia, recurrent seizures, and cerebral infarction with I67.

Other revisions

T46.4X, for Angiotensin-converting enzyme inhibitors.

122.8, for subsequent posterior transmural myocardial infarction.

197.64, for post-procedural seroma of the circulatory system.

T81.11, for post-procedural cardiogenic shock.

Combination Codes

Cardiology Medical Billing and coding also saw the introduction of combination codes for different cardiology conditions. Therefore, it is important to ensure that they are also used whenever required. Also, using terms like “Use additional code”, “Code Also”, “Code First”, etc. helps generate a complete picture.

Outsourcing Cardiology Medical Billing

With the inception of these codes changes, it has become important for cardiologists to take special care while dealing with cardiology medical billing. Cardiology medical billing comes with complex contractual adjustments and procedure rules that undergo changes frequently.

Choosing to outsource cardiology medical billing will allow you to focus on the core practice aspects and deliver excellent healthcare services. We at Bikham Healthcare, are dedicated to helping cardiologists and cardiology practices run their facilities with ease under full HIPAA compliance and data security standards.

Contact Bikham Healthcare today to learn more about our medical billing services.

Outsourcing Chiropractic Medical Billing & Coding Services

Every chiropractor looks for effective and quick billing to increase their revenue. However, with the continuous code updates and changing reimbursement guidelines, an effective revenue cycle management is essential for the medical practitioners.

Due to the updates and changes in coding and regulations respectively, the increased amount of work related to chiropractic practice has made it hard for primary care physicians to concentrate on their practice which creates multiple obstacles during insurance claim processing.

Problems that chiropractors face:

•         Lack of accountability in the workplace and knowledge of the coding system which leads to denials and slow cash flow.

•         Shortage of the tracking system required for billing results in issues with account receivables and collections.

•         Cancellation of appointments and vacant time slots resulting in lower revenues and slow cash flow.

In order to overcome these issues and help the business flourish, most of the practitioners outsource specialized chiropractic claims billing services. Whilst choosing the best billing company, make sure that they have the right tools and expertise to help you run your chiropractic business smoothly.

Why Bikham?

Medical billing and coding services offered by our company are top of the line and our billing and coding team possess in-depth knowledge of the coding process of chiropractic medical billing services and procedures. We own the required tools and are perfectly capable and experienced to handle the complications related to RCM, helping you get your claims swiftly as possible.

As a reliable and trusted medical billing services provider, we have been able to achieve a high success rate of claim reimbursement. Our billers and coders ensure smooth cash flow and higher reimbursement revenues which directly impact the practice’s business resulting in prospering of the practice and exponential growth in the revenue stream.

What drives us:

Our sole aim is to obtain maximum reimbursement and our experts possess that professional efficacy in order to achieve their goal and live up to the chiropractors' expectation. We can assist you to boost your revenue along with the cutback in a number of denials and unpaid claims. Our professionals also provide you with the less, yet proper paperwork and more successful claims which results in the betterment of your business.  We are going to familiarize you with the services provided by our experts on the floor.

•         Insurance verification and authorizations

•         Processing of claims takes less time

•         Proper and error-free assigning of codes

•         Accurate analysis of account receivables

•         Regular follow-ups with the insurance providers

•         Daily, weekly and monthly reports

We understand that chiropractic billing and coding is a tricky and a complicated process.

Which is why we make sure we do the best job possible helping you reimburse with all the codes assigned correctly. Outsourcing your billing practices to us will be the best decision you ever make because we make sure you never have a bad pay-day.

Partnering with a trusted brand-name like Bikham Healthcare is the smart choice here. Our suite of billing solutions offers you the chance to pick the set of services you want. Our package of solutions is customizable and tailored to fit your needs. Always ensuring its cost-effective nature and top-notch efficiency stays in place. While being HIPPA compliant, we're also ISO/IEC:27001:2013 certified. Meaning our constant strive for excellence is always matched by our adherence to professional ethics.

Required Traits in Medical Coders for Profitable Oncology Medical Billing Services

Medical billing and coding is an integral part of oncology medical billing services. Successful oncology billing requires expert specialists so that even the minor mistakes may be eliminated.

Accurate medical billing is essential for claim reimbursements as it helps in the growth of the medical practice. Obviously, you can mend the mistakes to contribute to revenue growth but, how would one come to know that the billing tasks are done successfully.

Here are some points to figure that out:

Proper Certification

Often medical practice hire in-experienced coders who do not have much exposure to oncology medical billing services. However, this is an important thing to ensure that the staff or the coder you hire has the required knowledge and expertise.

Any coder would know the basic terms, but only a certified one would help you establish successful medical billing practices in compliance with the ever-changing medical billing rules and regulations. Ensuring the certification of a coder makes the reimbursement process easier and a lot more convenient.

A certified medical coder also has effective communication skills which helps them while negotiating the claim payments.

Knowledge of Billing Laws

The medical billing industry is rapidly changing. Therefore, the billing laws and regulations keep changing on a regular basis. A certified coder should be aware of these changes in billing rules and regulations related to oncology medical billing services. A coder must be up to date with the revisions in coding patterns as well.

Additionally, the knowledge of basic MS Office packages like Word and Excel is also important, to prepare reports for progress tracking.

Effective Problem Solving Skills

A medical coder has a significant amount of responsibilities affecting factors such as reimbursement, and secure patient health data. Good financial health directly affects the quality of the healthcare services you provide.

Since there are so many codes included, there are so many instances of mistakes. And these mistakes can sometimes generate serious problems for medical practice. Certified coding specialists bear the responsibility of handling these problems with ease. They take responsibility to maintain the quality of EHR (Electronic Health Records) with their experience and knowledge.

Staying abreast with the Insurance Contracts

Understanding payer contracts and delivering quality services compliant with their SLA (Service Level Agreement), is effectively done by coding specialists on a regular basis. Coders have to practice caution while dealing with oncology medical billing services in order to get paid by insurance companies. Moreover, this would help in clearing things related to denials and rejections or treatment procedures that are pretty expensive.

Outsource Oncology Medical Billing

It is quite unlikely to settle for a team that does not match your expectations. We are sure that the above-written traits combined with the right kind of tools and technology shall help you get the financial boost that is vital for your medical practice.

If you are looking to outsource oncology medical billing services or have problems dealing with them, feel free to contact Bikham Healthcare. Visit www.bikham.com for more information.

Outsourcing your Cardiology Medical Billing Services

For Cardiologists, outsourcing medical billing is an effective business strategy meant to save time and money. Finding time between quality patient care and time for business growth is important for medical practice owners. With outsourced cardiology medical billing services, you can sure be that it is going to provide benefits in managing administrative tasks of practice while saving valuable time.

Outsourcing can be a great fit for practices that face complexities in billing chores. Hiring qualified, full-time staff can be expensive, challenging and may add administrative as well as a financial burden to your cardiology medical billing practice.

According to a recent study, only 35% of cardiology medical billing and coding practices follow up on claim denials. No practice wants to lose over their hard earned money. An outsourced billing company has an efficient follow-up process in place to ensure that denials are managed effectively. All this collectively helps in increasing the revenue levels of cardiology practice.

Cardiology billing service providers have well-qualified, certified and trained billing staff. The team of these experts is well versed with the knowledge of basic cardiology procedures that help them devise the best cardiology medical billing and coding practices to obtain payments seamlessly.

Though outsourced cardiology medical billing and coding has several benefits, some practice owners may have their reservations towards the idea of outsourcing.

Therefore, in order to decide the best for your cardiology medical billing and coding practice, you may consider thinking over the following questions.

·         Would you consider focusing on patients and growing the practice?

·         Would you prefer to transfer the control of medical billing and coding to another service provider?

·         Do the time and effort involved in managing the staff concerns you?

·         If the variable costs of outsourcing okay with you?

·         Do you not understand the cardiology medical billing completely?

·         Do you find it hard to hire and retain a qualified billing staff?

If the answers to most of the above questions were a YES, it’s a sign you should consider outsourcing your cardiology medical billing services. Outsourcing cardiology medical billing services can absolutely be worth it to witness higher revenue and reduce administrative headache.

Outsourcing with Bikham Healthcare!

Bikham Healthcare has been a leader in offering the most efficient medical billing services to cardiology practices of all sizes. With over 14 years of billing expertise and experience in medical billing and, 100% compliance with the HIPAA standards, they make sure to deliver the most profitable results at the most competitive rates.

Helping chiropractic practices stay profitable

Chiropractic care is the field of medicine that make use of physical manipulations to improve body functions and movement. It sometimes may also be used to alleviate pain in the musculoskeletal area particularly the head and shoulder region or the upper and lower extremities.

Obtaining payments for varied chiropractic procedures is what constitutes chiropractic medical billing services. chiropractic medical billing services require knowledge and experience in chiropractic procedures. This helps prevent denials as well as contributes to the growth of a chiropractic practice.

Outsourcing Chiropractic Medical Billing Services

Being an evil job killing tactic for some, outsourcing has served as a lifesaver for chiropractic practice owners. It is also said to be an effective business strategy to cut down on business expenses and enhances revenue generation capabilities.

Chiropractors witness a significant increase in business performance and productivity with a reduced workload. Practice operations become seamless and they are much able to focus on what matters the most- patient care!

Benefits Associated

Apart from just helping you improve your practice, outsourced chiropractic medical billing services also have some other benefits:

•Improved Revenue Collections

Reduced business expenses and streamlined practice operations help in improving revenue collections significantly.

•Quicker Payments and reduced stress

With error-free claim submission and timely reimbursements, you gain the much-needed peace of mind.

•24*7 access to patient information

With advanced technological support, chiropractors can gain access to patient health information anytime.

 •Better progress tracking

With advanced reporting capabilities, chiropractors are always aware of their practice health and can make better financial decisions.

•Improved business performance

When the practice operations are streamlined and payments are obtained on time, the performance of chiropractic practices is ought to increase.

•Full financial and practice reporting

Providers of chiropractic medical billing services keep chiropractors up-to-date with their financial status. They provide weekly or monthly reports based on their practice requirements.

Chiropractic Billing Companies

As already mentioned, chiropractors wear several hats while dealing with chiropractic services. They need to take care of numerous things from patient care to claim billing services. Therefore, they hardly find time to focus on the key areas of growth.

Chiropractic Medical Billing Companies help them achieve this goal.

Though there are several billing companies, it is important to select the one that also contributes to the process of achieving your business goals. It becomes important for Chiropractic billing to be handled by only the experts.

For this reason only, Bikham Healthcare offers its expertise, experience, and knowledge to offer the most profitable Chiropractic medical billing solutions. We have the knowledge of-

•          Several complex chiropractic modifiers and diagnosis codes.

•          Chiropractic procedures codes related terminology.

•          Chiropractic Procedures.

•          CMS and several payer guidelines for Chiropractic billing.

•          Code variations for chiropractic procedures among different specialties.

Services to meet practice requirements

The team at Bikham Healthcare identifies the key areas of growth and help your team work on them in the best way possible. They work side by side with the in-house chiropractic staff to establish the best chiropractic billing procedures.

The profitable chiropractic billing procedures include:

•          Full Accounts Receivables Management.

•          12 hours of Claims Submission.

•          Electronic Eligibility Verification.

•          Quarterly Coding Updates.

•          System based Claim Scrubbing.

•          Regular Quality Assurance Checks.

•          Regular Reporting with Progress Reports.

The Technological Foundation

Incorporating technology for chiropractic practice operations is important for quicker reimbursements and easing the claim submission process. Bikham Healthcare employs the most advanced billing software for chiropractic medical billing services. We have the knowledge of features offered by the following billing software like Advanced MD, Web PT, Kareo, Practice EHR, Vericle and Brightree, etc.

With 100% compliance with HIPAA and other payer billing guidelines, we make sure that claims are processed in the very first time of their submission.

Visit www.bikham.com to know more about our profitable chiropractic medical billing services.

Improving Your Collections With Expert Outsourced Medical Billing For Imaging Services

Imaging services are used to generate visual representations of the body internals, that are further used for clinical analysis and medical intervention purposes. It is a part of biological imaging that also incorporates the field of Radiology. X-ray radiography, MRI, Ultrasound, Endoscopy, Thermography, Medical Photography, PET etc. are some of the imaging services widely practiced around the world.

Running a medical imaging service is a challenge in itself. The execution of these complex services requires complete knowledge and expertise to operate the imaging machinery. 

Getting reimbursed for services provided becomes a challenge in itself.

Receiving payments from payers has become a lot difficult with the ever-changing billing guidelines, numerous coding rules and regulations.

Physicians simply do not have the time to prepare patient bills, sitting for hours on call waiting for the insurance representative to pick up and then argue with them on reimbursements. In the process to save time and avoid the hassle, they hire an in-house billing staff that directly increases their costs and they end up spending more than they actually earn. And this is not where the problem ends. Sometimes, hiring inexperienced billers and coders to do their billing work results in denials, partial reimbursements or sometimes no payment at all.

Now there must be a solution for all these problems. Well, the most effective and certainly the best solution is to outsource the billing services.

Providers of outsourced Medical Billing For Imaging Services offer you access to an expert knowledge base. There is not just one individual to take care of your billing requirements. A team of experienced and knowledgeable medical billers cater to you, they are well versed with the payer guidelines and put continuous efforts to stay up to date with the latest billing and coding guidelines of all the major.

They not only perform your billing work efficiently but also help in reducing the workload of your medical imaging practice by a significant rate.

This effective business strategy allows you to get your work done from an expert at cheaper rates, higher efficiency and in much lesser time. The list of benefits is never ending and this is something that attracts many business owners.

Physicians do attempt to get involved in the billing process themselves, however, appropriate use of CPT codes, modifiers, and diagnosis codes is essential for accurate medical billing for imaging services.

It is uncommon for physicians to have this billing expertise, as such, errors in claims are common.

Why go with experts?

In cases of an audit by any payer, the medical documentation must support the codes used. Federal insurance programs like Medicare and Medicaid rely only upon well-documented records for verification purposes. And, providers of outsourced medical billing for imaging services are experts in maintaining each record with complete confidentiality.

Bikham Healthcare can be your partner in providing accurate medical billing for imaging services at the most competitive rates in the market. Visit Bikham.com to know more.

Best In-Class Chiropractic Medical Billing Services by Bikham

The field of chiropractic has gained much popularity in the recent years because it has greatly helped to promote holistic healing with drug-free treatments. Chiropractic care is widely used amongst the people looking for such a non-surgical and non-invasive approach of treatment. Day by day, more patients are seeking regular chiropractic adjustments and along with this increasing popularity, the need of accurate chiropractic billing services has also witnessed a significant rise.

According to a report published by Illinois Chiropractic society, around 6 percent of the population prefers chiropractic care over other treatment procedures.

A chiropractic treatment plan includes several procedures including, spinal manipulations, physical therapy, soft tissue therapy, rehabilitative exercises and nutritional and lifestyle counseling. These procedures have specific codes and Bikham’s team of certified billers is well versed with all the terminologies of chiropractic treatment.

Some Important Facts about Chiropractic Billing Services:

·         The claims and invoices for chiropractic services must include details like the date of service, the condition treated, diagnosis codes, procedure codes, and other relevant information. Missing out or mentioning incorrect details about any of these items is a direct invitation to claim denials and reimbursement delays.

·         There are coverage limitations with the major money making treatments. Medicare coverage for the chiropractic services is limited to the treatment by means of manual spinal manipulations and the diagnostic or therapeutic services rendered by a chiropractor still remain uncovered and non-reimbursable.

·         X-ray or any other diagnostic tests to determine patient condition are only used for claim processing purposes, whereas coverage and payment are not available.

·         The treatment performed for intra-spinal regions including the head, the upper and lower extremities, rib cage and abdomen are excluded from Medicare coverage.

With the frequent changes in chiropractic billing codes and regulations, the billing process can become quite cumbersome for a chiropractor. When the processing of claims is done in-house, it often leads to increased stress level amongst the staff and directly affects the business performance, builds a backlog unfiled claims, denials and also deteriorates your patient relations.

For minimizing claim denials, a comprehensive chiropractic billing process must include:

1.       Enrollment: The demographic and insurance details of patients must be well recorded and kept on file by a chiropractor and registering the correct dates of treatment is also important.

2.       Charges Entry: The charges for treatment procedures performed need to be entered in the billing system. This helps determine the reimbursement for services rendered. This process also includes the tasks of linking the proper medical codes to appropriate procedures.

3.       Insurance verification and authorization: Verification of insurance coverage for the chiropractic treatment procedures is the most important task if one wants to avoid denials. The plan type, effective and term dates, policy status, in-network, and out-of-network benefits, out-of-pocket expenses, referrals and pre-authorizations, and other necessary details need to be verified.

4.       Accurate Coding: Correct CPT codes according to the latest ICD-10 terminology need to be assigned, along with the proper modifier and HCPCS codes, for obtaining timely payments.

5.       Submission: The prepared invoices or sales orders should then be submitted through the electronic billing software to execute the claim submission process. It becomes important to submit the prepared invoices before the filing due date.

6.       Follow up: Some claims get paid, others get denied. This step is crucial as it requires skillful analysis of the denial reasons and then there correction to obtain payments.

Successful execution of all the aforementioned points requires a professional medical billing practice that is experienced in chiropractic billing services and has the complete knowledge of chiropractic procedures and billing guidelines. Here at Bikham Healthcare, you can benefit from the services of our team of certified medical billers who have years of experience in dealing with the chiropractic medical billing.

To know more, please visit bikham.com and book a free consultation with us!

Delivering the best Internal Medicine Medical Billing Services

Internal medicine practitioners frequently face the challenges in covering a wide array of treatments, which other type of practices may not encounter.

An Internist is the first person of contact for any patient looking for treatment of a certain disease. The internist is required to carry out a series of tests to handle the initial diagnosis which is then followed up by a conditioning specialist. These primary care physicians cover a broad scope of internal medicine including disease prevention, total body wellness, chronic illness management, diagnosis and treatment of acute health conditions.

In comparison to other practices, an internal medicine medical practice is not limited to only certain body system consultations, specific complaints, diseases or a few procedures or treatments. An internal medicine medical physician typically offers regular preventative and periodic assessment services to patients who do not present one particular complaint.

Internal medicine practitioners carry out preliminary treatment, a series of tests and procedures to resolve a patient’s medical issue. Yet they are required to refer the patient to a specialist or different specialists so that a more focused care approach may be followed to execute an effective and efficient diagnosis process.

All these internal treatment methods give rise to a demand of an internal medicine medical billing service that is well experienced in handling this complicated collaboration process among different medical specialties which the patient’s condition may require. An internal medicine medical billing service that is capable of managing billing, coding and credentialing issues among medical practitioners efficiently is essential for an internal medicine practice profitability.

As discussed, internal medicine medical billing services have a series of challenges due to the high level of complexity and a great understanding of billing procedures and internal medicine services is required. With the frequent changes in the CMS guidelines, internal medicine medical billing services need to carry out appropriate billing operations to maximize revenue and reduce the net AR percentage, while being up to date at all times.

Effective, accurate and timely billing is the key to business growth.

Bikham Healthcare prioritizes the development of a specialized knowledge base to offer reliable support to internal medicine practitioners. We have done extensive investments for inculcating a state of the art billing technology, which allows us to help you obtain appropriate and timely reimbursement for each claim filed by us.

The certified billers at Bikham develop and make use of the best practices for charges entry, reconciliation, claim- submission, AR follow up and denial management. Their extensive series of front-end edits and inspection allows them to submit clean claims and minimize the denials, reconsiderations, and appeals.

This strategy for getting insurance claims is used by the leading giants in this industry and has been further optimized and improvised by Bikham, for the practices of every different scale. Partner with Bikham Healthcare, for maximizing the probability of positive billing outcomes that enhance the rate of approval of claims and minimize the claim processing times.

Want to know more about our services? Call us today for a free consultation!

Outsourced Physical Therapy Medical Billing Services

Physical therapy medical billing services focus on bringing its clients’ practices in sync with modern technology and provide them with an efficient billing process and a clear business strategy. Addressing the physical therapy billing and insurance challenges on a priority basis are of paramount importance for delivering a high-class patient service. An integrated-process approach to insurance, administration, patient records, and statement preparation is ideal for maintaining robust business processes.

With the help of right checks and balances, the practice can improve its financial viability. Organizations have to constantly evolve in terms of technology to find a strong presence in the medical billing industry. Their efforts are greatly rewarded if they seek help from a physical therapy medical billing service and it can take the practice a long way to establish themselves in today’s competitive environment.

While looking for a partner, experience of the firm should be the top thing to consider.

Billing partners implement regular quality-check to test the denial management techniques, which help in reducing the in-house billing costs.

Medical billing companies spend around $70 billion every year on prior approvals.

When the rejections of approval requests become very frequent, healthcare providers start looking for the most effective solution – An Outsourcing Partner. Electronic submission of these prior authorization requests, accelerate the medical billing process and simultaneously reduce the turn-around time for reimbursements. A dedicated team of medical billers provides a strong analytical interception that helps in enhancing the eligibility verification process.

Providers aspiring to build a strong practice need to develop a good strategy as well. Being a physical therapist, a sound billing strategy would help you focus on your patients in a better way. A billing partner who provides smart billing solutions helps you enhance your core-competencies with utmost quality.

Having a consistent prior approval process will indeed set a benchmark for your competitors as it reduces the AR days as well.

With the assistance of Bikham Healthcare, you would never have to worry about anything related to your billing function. Our team is dedicated to reduce your paperwork and efficiently handle the claim follow-ups. Our services are the most affordable in the market and are individualized for the clients to suit their respective budget constraints.

Bikham Finance handles your billing needs effectively and acts as a bridge between you and the insurance companies, enabling you to receive your claim reimbursements on time. Our procedures are quick and optimized, with the capability to increase your revenue generation capacity by a huge margin.

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.