Why Chiropractors are Losing Revenue Because of Billing
DCs and billing staff are all too familiar with the nuances of medical billing, given the specialization of chiropractic adjustments. Practices often struggle to analyze and abstract medical reports into coding within the guidelines of the ICD-10-CM.
Improper coding and inadequate billing services destabilizes the finances of a chiropractic business: 30% of patients on average will leave a chiropractic office without paying their bill. To mitigate this problem, chiropractors find themselves spending upwards of 8-10% of their monthly collections when they outsource chiropractic billing services.
In order to increase the customer experience, organization, and profitability of a chiropractic practice, a reliable and effective automated insurance billing system must be in place.
The best-designed EHRs combine automated and manual functions to create note-taking capabilities that allow for pinpoint accuracy and rapid data entry—which are especially important for chiropractors, given the demand for specificity when detailing a patient’s physical ailments. Here’s how zHealth can help you revolutionize your documentation system.
zHealth: Billing Accuracy and Ease
How do chiropractors prevent denied claims, which negatively affect practice revenue? Automated medical billing software for chiropractors can solve the problem. With zHealth, it is easy to create detailed invoices for cash patients, covering all of the costs incurred at a visit. Sending accurate claims doesn’t have to be complicated. Learn more about our chiropractic automated billing systems.
Code Accuracy: zHealth’s automated billing software generates structured invoices that are based on ICD and CPT codes, which you can search for from a built-in masterlist. The automated medical coding interface in zHealth also enables you to bill for supplements and miscellaneous charges with just a few clicks.
Code Updates: Our medical coding automation software continuously updates the ICD-10 and CPT billing codes for chiropractic care. Say goodbye to concerns about outdated codes and enjoy fast reimbursements despite evolving regulations.
Claim Scrubbing: With zHealth’s automated billing system, you can consistently submit accurate, error-free claims. Our claims scrubbing service meticulously checks each claim for thousands of common errors before submission. This ensures your coding team can promptly correct any issues, leading to on-time payments.
Billing Documentation: If a patient requests a receipt, zHealth is able to immediately produce a formatted, comprehensive document for immediate printing. It is also possible to generate billing statements for a defined range of visit dates, which is very helpful for monthly invoices.
Claim Submission and Management: Submitting claims to government and insurance payers requires you to pay attention to detail. zHealth’s automated billing software simplifies this process by eliminating manual paper-based claims processing, ensuring faster payments. With electronic claim submissions, you can track the status through a transparent digital trail, providing peace of mind and efficiency.
ERA/EOB Posting: Boost your efficiency by automating the posting of electronic insurance payments using zHealth’s medical billing automation feature. Billers can automatically post payments from Electronic Remittance Advice (ERAs), Explanation of Benefits (EOBs) from insurance, and patient payments. Streamlining the payment posting process saves time and allows you to focus on more critical tasks, such as ensuring timely reimbursements.
