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.

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.

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!

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.