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Increase Your Profitability With Automated Insurance Billing

Sep 2, 2020 | Insurance Billing

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 zHealthEHR can help you revolutionize your documentation system.

Simple Practice Management Software

zHealthEHR: Billing Accuracy and Ease

How do chiropractors prevent denied claims, which negatively affect practice revenue? Automated medical billing for chiropractors can solve the problem. With zHealthEHR, 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 software.

Code Accuracy: zHealthEHR generates structured invoices that are based on ICD and CPT codes, which you can search for from a built-in masterlist. The interface also enables you to bill for supplements and miscellaneous charges such as mailing fees with just a few clicks.

Clean Claims: For even more precision, zHealthEHR automatically populates relevant fields and displays a live-time cost breakdown. You can clearly identify taxable and tax-exempt fees, discounts, patient credits, and the amount of expenses covered by insurance. This reduces errors and makes managing accounts receivable an easy process. Doctors and their staff do not need to outsource their billing anymore.

Billing Documentation: If a patient requests a receipt, zHealthEHR 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.

Practice Management Chiropractic Software

It’s clear that zHealth speeds up the chiropractic insurance billing process and eliminates barriers that cause claims to be denied. zHealthEHR leverages automation to streamline a practice’s operations as a whole. Not only does the software have minimal learning curves, it is also easy to implement. In just 72 hours, you can have a fully functional automated insurance billing system, customized to your practice’s needs!

Summary
Increase Your Profitability With Automated Insurance Billing
Article Name
Increase Your Profitability With Automated Insurance Billing
Description
Automated Insurance Billing increase the customer experience, organization, and profitability of a chiropractic practice. Hence a reliable and effective billing systems must be in place.
Author
zHealthEHR