Chiropractic billing can be tricky. The requirements and specific set of codes for billing Medicare or commercial insurance plans are complicated, and direct patient billing brings another set of administrative challenges. Genesis provides a Chiropractic billing solution that makes the process straight-forward.
The intricacies involved in meticulous billing are time-consuming to say the least, and easy-to-make mistakes add up over time and reduce a practice’s overall revenue. Most chiropractic practices lose a minimum of 3% of insurance collections thanks to delayed filing or rejected claims. Add to that the cost of payroll for staff to manage billing and this essential task begins to take a real toll on the bottom line.
Genesis Comprehensive Chiropractic Billing Process
We have a wealth of experience developing the ideal healthcare solutions as per our clients’ needs. Over time, we have been able to create an efficient chiropractic billing solution based upon our experience with the real-world needs of our clients. Our process includes:
- Customized Integration Through Chiropractic Software
We understand that to set up an efficient billing process, we need to understand our clients’ requirements, and integrate their existing software with our services. For the same, we customize our proprietary software after understanding your needs and the existing capabilities of your current system. The integration takes place seamlessly and leverages the latest cloud deployment protocols and secure channels so that your practice management system gets off to a flying start.
- Secure Access and Storage of Data
Once we integrate with your existing system software, we begin by securely transferring patient data as soon as it is captured on our systems. We can also securely access your practice account with the correct credentials, provided only on a need-to-know basis. This helps us to carry out functions such as adjusting patient ledger balances, insurance claims dispatch, etc.
- Collection Capture
We establish the framework for chiropractic medical billing and the underlying medical billing codes. Thereafter, we implement all other service requests such as denial management, accounts receivable management, insurance processing, etc. as mentioned by you. Once the processes have been securely set up and the trial run is successfully completed, we begin with the collection process while ensuring the revenue stream is correctly optimized for your practice.
We keep all our clients regularly informed with the help of self-managed dashboards and real-time updates via email and other means as specified by you. Our reporting structure allows you to stay on top of weekly revenue collections, processing costs, pending payments, etc. in a simplified manner. You can also track the following:
- a) The number of insurance claims generated every day
- b) The number of claims rejected and the number of claim errors corrected every day
- c) The number of billing claims appealed and followed-up everyday
- d) Total A/R amounts and monthly revenue generation
Why Choose Genesis for Chiropractic Billing Solution?
At Genesis, we believe in assisting chiropractic service providers to achieve peak business performance by allowing them to focus on their patients’ satisfaction. Our services are differentiated by our approach towards solving billing related problems swiftly and with conviction. Our key differentiators include:
- Certified Processes.
- Data Security
- Swift Turnaround Time
- Flexibility and Scalability
- Flexible Pricing Options
- Dedicated Project Managers
How To Find the Right Chiropractic Billing Company
A few factors can determine if a company can help you find an excellent chiropractic billing solution.
You don’t want to have to wait too long for a billing turnaround time. Billing companies can find themselves in the position of waiting for insurance companies to process and pay a claim, pay patients for treatments, or follow up on an open claim. Ask the chiropractic billing company how they can work with insurance providers to reduce wait time, helping you increase your income.
Time for Your Company To Get Paid
Be sure to inquire how fast the turnaround time is for the chiropractic billing service. You can benefit from knowing how long you may expect to wait.
Medical billing requirements, rules and regulations in the U.S. are specific and complex. Your chiropractic billing solution needs to be a company with staff members knowledgeable in medical billing, specifically the chiropractic industry. They should also keep current on ever-changing regulations so that your billing is always up to date and correct. It’s wise to avoid auditing problems and coding errors before they happen.
It’s a good idea to find a company that specializes in chiropractic billing.
Genesis Chiropractic Software knows the chiropractic industry inside and out, and they can get you paid faster because they know how to gather information. They know who can help them and the right questions to ask. They also know the rules and regulations of the chiropractic billing industry. All this knowledge means your chiropractic billing solution includes efficiently processed payments.
Ask if the billing company provides software that integrates with your current system. You should be able to handle patient financial transactions smoothly and securely on your end. Find out what functions the software includes, how long it takes to migrate data and whether you will have a project manager to help with the transition. It’s a good idea to find out what reports and updates the company provides you. You may want to track information such as:
- Weekly revenue and costs
- Pending payments
- Rejected claims
- Appealed claims
- Processing costs
- Total A/R amounts
- Number of insurance claims per day
Find out what security policies the chiropractic billing company has in place. It’s essential for you to keep your patient data secure. The employees at Genesis Chiropractic Software use your information only on a need-to-know basis. In today’s world, where so much private information is online, no one can be too careful about securing data.
FAQs About Chiropractic Billing Software
If you’re in the process of opening or renovating an office, you need to ensure that your chiropractic billing solution is a good fit, so you don’t have any issues. One of the best solutions is investing in the proper billing software. Here is more information about getting the right fit for your company.
When Should You Purchase It?
As with any new or vastly different business venture, you’re probably excited and nervous about opening your doors. You’ve gone through the hard part of finding a location, staff, and equipment. These are some of the obvious necessities. However, it is essential not to overlook your chiropractic billing solution before you open.
Make sure you take the time to research your options before even booking your first client. Once you start inputting data, switching from one system to another can be challenging. Plus, finding out that your software isn’t perfect for your business can cost you money when you correctly submit invoices.
What Features Are Ideal?
You may not know what you want in your chiropractic billing solution if you’re new to this. We at Genesis Chiropractic Software recommend looking for something user-friendly so that you and your staff can quickly learn to operate it. Additionally, seek a solution that is mainly automated so you can avoid input errors caused when you need to generate billing information manually.
Looking for features like this will help you find dependable software. When you have confidence in your software, you are less stressed. You will also have less paperwork and office input. Overall, this will give you more time to focus on your patients and the care you are providing. If you skip looking for these features, you could find yourself spending less time with patients and more time on billing.
Where Can You Find It?
The best software comes from reliable companies such as Genesis Chiropractic Software. Billing solution companies can be found online, and do some research into their experience. Then, you can chat with a representative to see if they have a good program for your business. Be sure that the company you choose offers over-the-phone support as well. The right company should be fully equipped with tech support options, so you never have to worry about using your software.
These are just the basics for finding the perfect billing software for your office. Following these tips can help you get situated before you open your doors.
At Genesis, we want to ensure that our chiropractic billing solution is a seamless part of your office management, so you can focus your attention where it’s needed most. Contact us today and invest in the complete solution for increasing profitability while managing the entire course of patient care.