Chiropractic care services significantly serve various patients to reduce pain and improve their health in the current complicated healthcare systems. These businesses are on the rise due to the increasing number of individuals looking for alternative more natural ways to deal with their meat-and-bone woes of the back and other joints. But, the same as any other branch of healing arts, chiropractors encounter some difficulties for managing their revenue cycles, not mentioning medical billing. That is when HS MED Solutions comes in to assist in professional medical billing specific to chiropractic offices.
Chiropractic care: What everyone should know
Chiropractic as a profession deals in techniques that look at the spine for options in dealing with health related issues. Chiropractors perform manipulations on the body through adjustments, spinal and other joint and tissue therapies to treat pain and promote well-being. In particular, since chiropractic involves the adjustment of musculoskeletal alignment of the body, including the spine, chiropractic care can prevent patients from needing surgery or long periods of medication.
Since chiropractic intervention is getting patronized, the professionals are not only expected to provide excellent services to the patients but also grappling with the issues of billing in health facilities. It is essential to do proper documentation because each procedure in chiropractic needs proper coding and without proper documentation chiropractor has to wait long for reimbursement from the insurance companies. Inadequate billing also in a chiropractic practice implies wrong billing may lead to delayed payments, rejected claims, or low payments and this in the end affects the financial stability of the practice.
Issues in Chiropractic Medical Billing
Medical billing for chiropractic care has some challenges as follows. A major challenge is that coding of different chiropractic procedures, including spinal manipulation, therapeutic exercises and electrical stimulation is quite complicated. Every service rendered needs to be correctly classified to completely eliminate insurance claim rejections or denial.
A further difficulty is the problem of diverse insurance programs. Sometimes chiropractic is reimbursable under certain parameters and chiropractors have to follow that to meet the paperwork requirements of insurance reimbursement. Their nonadherence results in claim denial, delayed payment, and myriad other financial problems.
Furthermore, handling all matters relating to medical billing in a chiropractic practice result in over-load of the practice’s staff, and therefore reduced direct patient care. It becomes worse for chiropractors because they have a challenging time making sense of the evolving laws regarding the healthcare industry.
Why should a chiropractor outsource chiropractic billing?
Getting professional billing services from an outsourcing healthcare billing company such as HS MED Solutions is a breakthrough to chiropractic practices. Here are some of the key benefits:
Improved Accuracy:
In professional billing services one can get the best coding and billing done by the professionals because they are much more experienced in it. Such errors often culminate in denied claims and, by reducing these, the overall risk is lowered.
Faster Reimbursement:
Outsourcing helps to process the claims more effectively and therefore increases the payments for rendered services. This will help the practices in the chiropractic thrive as its Cash flow becomes better.
Reduced Administrative Burden:
As billing work will be managed by third parties, chiropractic practices can save time and let their employees work on patient-centered activities instead. It does this not only optimally but also while enriching the patient experience at various levels of healthcare delivery system.
Compliance with Healthcare Regulations:
Professional medical billing companies keep themselves informed about the current norms of practicing in medical field as well as insurance policies. This in a way helps chiropractic practices stay on the right side of the law and do not end up paying hefty fines or penalties.
Cost Savings:
Outsourcing also, cuts down on the expenses that would otherwise be incurred on other billing personnel. This is because chiropractic practices can allocate their scarce resources towards building up their practice instead of concentrating on billing.
Dealing with the Software as well as Transition Issues
Another barrier towards changing billing companies is the health risk that comes with having to implement a new system in the practice. Most are concerned that the change will not only escalate the expenses but also lead to loss of records particularly of open claims that have not been settled. But at HS MED Solutions there is no need for you to change your existing software and there will be a smooth transition. Here’s how we manage it:
No Software Change Required:
Our team is well-equipped and competent in managing invoices with many types of software installations. Because of this idea, your practice will not spend any additional money on getting new software or will not spend considerable time on training. It can be easily interfaced to your existing system to let you begin billing from day one.
Seamless Data Transfer:
Our system also guarantees the preservation and proper transfer of all your old data, any outstanding or unresolved claims inclusive. This is always a great concern to users, but with Cloud Storage, there is no cause to lose sleep over deleted data. Employees will take care of it all to make the process as easy and seamless as possible.
Old Claims Recovery:
Should your practice have claims that have been pending or denied, we will ensure they are pursued and you receive your due payments. Our knowledge in chiropractic billing ensures that the firm is able to retrieve claims that may have been held or poorly managed by previous system or billing service providers.
HS MED Solutions has a team that can deal with the initial and additional claims, so chiropractic practices can concentrate on their patients without losing their cash flow during the change.
How HS MED Solutions Helps Chiropractic Practices
HS MED Solutions provides medical billing services for specific markets as our chosen market specialization is chiropractic practices. We as the team are aware of the problems which chiropractors have in their practices, and we solve them while providing efficient methods to increase the income and minimize the mistakes made during billing. Here’s how we can help:
Customized Billing Solutions:
We provide billing solutions that include those that every chiropractic practice will require. Whether it is requesting codes for manipulations in spines, or contesting insurance returns, we see to it that the billing process is managed gently.
End-to-End Revenue Cycle Management:
HS MED Solutions delivers several key aspects of the revenue cycle including claims submission and posting of payments. Our firm follows up on all the claims from the initial filing to the final payment to reduce payment postponements and denials.
Insurance Expertise:
Insurance claims particular to chiropractic procedures are not unfamiliar to our team of professionals. Of all the insurance companies, we have adequate knowledge of their specifications and avoid the submission of wrong claims.
Through the agreement with HS MED Solutions, chiropractic practices can wait and watch their billing services being managed by professional personnel. This leaves chiropractors free to do what they should be doing—getting patients to a healthier state as possible.
Outsourced Medical Billing: Main Advantages for Chiropractic Clinics
Outsourcing medical billing offers several key benefits for chiropractic clinics:
Reduced Denials and Rejections:
Effective billing enables proper endorsement of claims as there are low proportions of claims which are rejected or denied. This results in steadier revenues and less nasty shocks in the form of cash flow problems.
Increased Cash Flow:
Through outsourcing, billing enables chiropractic clinics to access their payments much sooner. This enhances the status of cash and cash equivalents and guarantees the financial stability of the practice.
Focus on Patient Care:
Providers including the chiropractors are able to attend to the patients without necessarily addressing the billing matters. This makes the patient happy hence improving their satisfaction towards the practice and also helps the practice expand.
Scalability:
As a family practice chiropractic business expands, so does its billing requirements. Hiring of billing services can be easily made to grow in parallel with the practice so that billing becomes effective when the practice is established.
Why HS MED Solutions for Chiropractic Billing
HS MED Solutions can be named as the best partner for chiropractic practices that assign the issue of billing optimization to an outside contractor. Our knowledgeable and highly trained staff has several years of experience offering chiropractic billing services. St. Petersburg Chiropractic knows all the differences in chiropractic coding and insurance reimbursement procedures to submit your claims efficiently.
It is true that the group has always been in existence; but more than that, it has actually sprayed its success rate over the roof! It will come as no surprise that we have assisted many chiropractic practices on the path to sales growth, improved billing, and financial success. In this way, choosing HS MED Solutions, chiropractic practices can be sure to have their billing in good hands.
Conclusion
Medical billing outsourcing is one of the best strategies that chiropractic practices should consider because it has several benefits. Thus, cooperating with HS MED Solutions, chiropractic practitioners can concentrate on patient care and see how the revenue cycle will be streamlined to achieve the highest efficiency. Call us today to see how HS MED Solutions can help any chiropractic practice grow.
