Chiropractic Medical Billing Software
Chiropractic care facilities share many commonalities with regular practices and some unique differences. These similarities and differences provide unique challenges when it comes to chiropractic medical billing. From navigating private insurance providers or taking payment in cash, most practices need chiropractic medical billing software that is flexible and can handle the evolving nature of this business.
If you are looking to improve the billing services of your chiropractic practice, we believe that chiropractic medical billing software could be the answer you need.
Common Problems with Chiropractic Medical Billing
There are many downsides to conducting your chiropractic billing through an old-fashioned paper method. Not only are you wasting valuable resources and time, but you open yourself up to more mistakes. Here are some of the most common problems you’ll find with outdated chiropractic medical billing.
1. Slow Processing of Claims
Old paper systems require hundreds of hours of extra work to painstakingly review and update documents. Not only can this result in errors, which result in denied claims, but you are always limited by the human element of reviewing each document. When it comes to handling claims you want a system that empowers your staff to efficiently collect patient balances.
2. Storage Requirements
Legacy paper billing methods require vast amounts of storage. You need a large file system with excellent management to find even the simplest documents. Not only does this require more staffing but makes the process of finding documents take longer. Most importantly, it makes transmitting documents more problematic with more steps. Instead of saving you time, it creates more barriers to the things you need to do.
3. Providing Transparency for Clients
When it comes to old-fashioned paper documents, it is much harder to provide transparency to patients when they need it. Whether they are dealing with insurance or just want to view their medical records, they must request that you either fax them or scan them or have them picked up in person. Most patients, these days, want their medical records immediately. Many patients want to be able to view these records on their mobile devices or across desktop and mobile applications. Legacy billing systems limit your ability to do such things.
4. Audit Preparation
Is your filing system prepared for an audit? Not many legacy systems can say that they set you up for success when an audit happens. Even more important, if you want to conduct a self-audit, the process can become exponentially longer with a legacy system. You don’t have to limit yourself to mountains of paperwork and unorganized filing cabinets. There is another way.
Chiropractic medical billing software can tackle these issues and do more for your business than a legacy system ever could. If you are looking to improve your customer experience and your bottom line, medical billing software is the tool that could help get you where you need to go.
5 Benefits of Chiropractic Medical Billing Software
Chiropractic medical billing software can provide your team with the features they need to be better. Depending on the tools and integrations you use, the billing software can tackle multiple problems at once. Here are some of the most common benefits of medical billing software.
1. Simplify Your Workload & Avoid Errors
Medical billing software can simplify your workload with automated templates, patient portals, and electronic communication tools. The software can automatically catch mistakes before you submit claims which can dramatically reduce denials. You can set up automated workflows and paperwork to ensure your medical billing processes quickly and successfully.
2. Environmentally Friendly
Instead of using endless reams of paperwork, you can go electronic! Not only is this easier to record documents, share those documents, and edit or change those documents, but it is also an environmentally friendly solution. You will be able to reduce your harm to the environment as well as cut down on costs for printing materials such as paper, ink, staples, etc.
3. Less Wait Time for Guests
When you’re not feeling your best, the last thing you want to do is fill out paperwork. With medical billing software, patients can fill out paperwork before they visit your facility. Not only will this help improve their experience, but this can also help you cut down wait times and have most patients under preauthorization clearance.
4. Faster Reimbursement
If you’re looking for the fastest way to submit claims and improve your revenue cycle, chiropractic medical billing software is your best bet. You track the entire process of your claim and get paid faster with electronic funds.
5. HIPAA Compliance
You always want your tools to protect both you and your patient. Fortunately, most chiropractic medical billing software applications or HIPAA compliant. This means that your patient data will be protected and your patients can feel secure entrusting your practice with their health information. Before signing up with a supplier of medical billing software, check they are HIPAA compliant with a representative.
How Much Does Medical Billing Software Cost?
Learn More!6 Must-Have Features of Chiropractic Medical Billing Software
While each chiropractic medical billing software will have its own bells and whistles, here are some of the most common features you will find.
1. Cloud-Based Software
Almost all medical billing software works on a cloud-based storage system. This means that data is stored on remote servers and can be accessed across devices with the right login credentials. Not only does this make accessing and storing documents faster and easier, but it keeps your data synchronized across accounts and patience. No more large filing cabinets and complicated storage methods.
2. Patient Registration & Portal
One of the major benefits of chiropractic medical billing software is that it allows patients to fill out forms electronically online before showing up for an appointment. That information is then automatically logged into the system for your staff. medical billing software also allows for patient portals where patients can view their bills, make a payment, or view/download medical records.
3. Scheduling Tools
Many chiropractic medical billing software applications have the ability to integrate scheduling tools. Some software applications already come equipped with their own scheduling tools. This can make it easier to track claims and provide an accurate record of visits.
4. Templates & Claims Filing
Many medical billing software applications offer billing templates for administrative staff to easily create and submit claims. This will increase your claim filing speed over legacy systems. Even more importantly, most software allows you to track the progress of the claim as it goes to the insurance company. Because you will submit a claim electronically, you’ll be able to track when items reach a clearinghouse, check if there are any errors, and know when it has been submitted to the insurance provider. If you enroll in programs such as electronic funds transfer, you’ll also be notified when funds are deposited into your account.
No more guessing games about claims. Know exactly how your business is performing.
5. Multiple Payment Intake
Do you have trouble taking payments from mobile applications? If so, medical billing software can help. Most medical billing software allows customers to pay in different payment methods. Whether that be cash, card, phone, or any other method. Some software applications will also allow you to institute payment plans for patients. This can be a great way to expand your business without limiting your customer base.
6. EHR Integration
Do you already have an electronic health records system that you rely on day-to-day? That is perfectly okay! Chiropractic medical billing software can easily integrate with those systems, making it much easier for your administrative staff to see the full picture of patience. You'll still get the same benefits from your EHR but now you have the added bonus of billing software.
Price of Chiropractic Medical Billing Software
While medical billing software for chiropractic needs may be relatively new, medical billing software is not. This means that we can look at averages in the industry to get a good sense of what you expect to pay. Most service providers will charge a standard monthly fee for the software as well as a percentage of collections. PriceItHere claims that you find monthly pricing as low as $26-$112/month plus a fee per the number of collections made. With collection fees, this could bring your total to around $3,000-$8,000 for your first year.
This will be dependent on factors such as:
- Size of your business
- Features
- Startup costs
- Equipment
Are you ready to invest in medical billing software for your chiropractic services? If so, we’ve got you covered!