Industry’s best Chiropractic Medical Billing Services - PowerPoint PPT Presentation

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Industry’s best Chiropractic Medical Billing Services

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Looking for a support from an expert in chiropractic medical billing services? Your search ends here! Bikham Healthcare is all you need to take care of the numerous requirements that you have. We roll out the most profitable array of chiropractic medical billing services to help you realize your goals of increasing the bottom line of your practice. – PowerPoint PPT presentation

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Title: Industry’s best Chiropractic Medical Billing Services


1
  • Success of a chiropractic medical billing
    practice depends mainly upon timely
    reimbursements.
  • Intricate and Complex, these two words are enough
    to have understand how complicated this specialty
    is.
  • Efficient billing requires knowledge and great
    coding expertise which is hard to find nowadays.
  • Understanding of chiropractic medical procedures
    is important to understand this specialty better.
  • Ever-changing billing rules and regulations pose
    a threat for billers and coders.

2
  • It is important for chiropractic billing to be
    done only by experts for guaranteed
    reimbursements.
  • Provides of chiropractic medical billings
    services have the required expertise in dealing
    with all billing issues.
  • They are well qualified to handle everything
    utilizing their coding and negotiation skills.
  • The range of benefits that they offer, is another
    reason to entrust your billing services over
    them.
  • They take care of every step in the medical
    billing process proficiently.

3
  • The first step involves collecting information
    about the past treatment and the insurance
    company with which the patient is enrolled.
  • A billing team prepares a claim form mentioning
    the patient details and the treatment details
    along with the diagnosis specific codes and
    charges.
  • The claims are submitted to the insurance
    companies via secure portals of clearing houses
    which verifies the information and if it founds
    any error or mismatch with the database, rejects
    the claim back to its source.
  • These errors are then rectified and claims are
    resubmitted via post, electronic means
    (chiropractic billing software) or via fax.

4
  • Insurance companies normally take around 30 days
    to process the claims after which they make
    payments for the services rendered.
  • Payments are obtained via EFT transfer or check,
    which are received at the providers end or the
    account details provided by the provider at the
    time of credentialing process.
  • An AR team follows up on the claims which are
    denied from insurance companys end and makes
    sure the payments are received by proper
    rectification of any errors.

5
  • In order to execute this complex chiropractic
    billing process, a team of well trained
    professionals is required.
  • Proper identification of services, coding them,
    getting the claims processed hassle free and
    advocating them effectively is important.
  • Chiropractic billing services include various
    specialties like TENS, Ultrasound, Ice and heat
    Therapy and Lifestyle Counselling.
  • Taking care of all these things at a same time
    becomes difficult to handle with the increased
    workload of core and non-core aspects of this
    facility.
  • Moreover, the range of benefits that this
    effective business strategy offers, attracts more
    and more chiropractic practice owners to go for
    it.

6
  • The cost factor is the most dominant one while
    making business related decisions, especially
    where some sort of investment is involved.
  • A majority of business owners perceive
    outsourcing as expensive when actually it costs
    much less than the in-house ones.
  • You do not have to invest on the recruitment
    process, hiring and training them and setting up
    any kind of expenditure to execute business
    operations.
  • Access to a skilled knowledge base is available
    at no extra cost. Otherwise, hiring an expert may
    cost you heaps.
  • You do not have to go through the hassle of
    managing their payroll as there is no in-house
    employee involved. Therefore, in one or other
    way, you save on money.

7
  • International Statistical Classification of
    Diseases and Related Health Problems, usually
    called as International Classification of
    Diseases (ICD) is used in chiropractic medical
    billing.
  • Another terminology for codes known as Current
    Procedural Terminology (CPT) codes is also used
    by a chiropractic billing expert.
  • ICD is designed as a health care classification
    system, providing a system of diagnosis codes.
  • It classifies numerous conditions and includes a
    classification of a wide variety of signs,
    symptoms, and external causes of injury or
    abnormality.
  • Understanding this coding system and the
    chiropractic billing guidelines is important in
    terms of setting up efficient chiropractic
    billing process.

8
  • Choosing the right outsourcing chiropractic
    billing company is as important as the operations
    you are about to outsource.
  • Any hastily made decision or wrong choice may
    result in you paying more than you actually earn.
  • Selecting the right chiropractic medical billing
    company requires patience and something where you
    need to be extra careful.
  • There are some companies in the market that
    overhype their reputation and make fake promises
    to deliver profitable practices when what
    actually they deliver is totally something else.
  • In order to make this decision making process
    easier you can consider reviewing their past
    performances, asking for testimonials from their
    clients and verifying their work history.

9
  • Reduced Costs and Increased Savings When
    outsourcing, the costs of hiring, training,
    managing payroll and investing in the
    infrastructure get eliminated automatically.
  • Increased Knowledge Base When you partner with a
    laboratory billing company you get access to an
    increased knowledge base and skilled
    professionals.
  • 100 HIPPA Compliance An outsourced laboratory
    billing company leaves no stone unturned to
    secure and maintain the confidentiality of the
    sensitive patient health information.
  • Reduced Workload and Improved Business
    Performance With reduced workload your in-house
    staff can work more freely leading to increased
    productivity and improved business performance.
  • Timely Reimbursements With the careful charges
    and demographics entry, and error-free submission
    of health claims, the reimbursements process is
    streamlined and becomes quicker.

10
  • Bikham Healthcare is a leader in providing the
    most efficient chiropractic billing services at
    affordable costs.
  • The team is comprised of industrys best medical
    billing experts that take care of every step in
    chiropractic medical billing process.
  • We employ dual quality check process to ensure
    that even the smallest error gets eliminated and
    denials are prevented.
  • With the 14 years of unmatched expertise in
    medical billing we know the ins and outs of the
    chiropractic billing industry.
  • Visit our website www.bikham.com to know more
    about how our chiropractic billing services can
    help you.

11
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Health Care healthcare_at_bikham.com
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Finance Accounting   1 800-935-0865
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