Chiropractic Billing Software CureMD 08:04

To select the right chiropractic software for your practice is one of the important decisions that you have to make as a doctor or a business owner. There are different vendors available in the market providing chiropractic software. As a doctor you have 2 options regarding claim management and billing.

The first option is to perform the billing in house, which means that your practice staff is responsible for entering details, managing account receivable and sending out claims. The advantage of using the in house staff for billing is that you have full control over the entire process and you can address any issues if it arises. The downside to using in house billing is that it gets costly and you can get into trouble if you have one member responsible for collections or billings and it gets sick or quits their job. This can give halt to the collections and might cost you more money in the long run.             

The other option is to outsource your Medical Billing. Among many industry experts it is very cost effective to outsource your billing as there are no costs of additional employees or expensive hardware. When you outsource the billing you allow the company to handle everything from charge entry, generating claims to managing accounts. Companies that provide outsourcing charge between 6% and 10% of total collections.

Many of billing systems simplify the process of managing claims and billing. You just have to enter the charge into your billing software and send. The claims are sent in a batch electronically to a claims clearing house for processing. The clearing house examines the claims for accuracy before dispatching them off to specific insurance carriers. You will instantly receive an electronic report regarding the status of each claim. If a carrier doesn’t accept any claims electronically then the clearing house will send a paper claim.

Electronic filing helps you save on postage, toner, staff payroll and paper forms. The biggest advantage of filing electronically is the fast turnaround. Electronic claims are usually processed within 7 to 10 days. Compared with the paper claims that can take up to a month to process or sometimes they get lost in the mail. Having electronic filing system helps you eliminate errors, saves money, time and decreases the turnaround time.

Before you decide upon a chiropractic billing software ask your vendor how much they charge for electronic filling as it depends on the clearinghouse that is being used and then markup added by company selling the billing software. So make sure you inquire about the clearing house that is being used by your vendor.