In today’s chiropractic practice, doctors are more and more inclined to outsource billing. We have years of experience with chiropractic billing services. Hiring a quality billing service is one of the most important decisions you will make regarding the business aspect of your practice. It is critical that your chiropractic billing company has the experience necessary to handle the complexities of chiropractic billing and modifiers. Allow 5 Star to give you the financial peace of mind you deserve. Please visit our homepage for more information about our services, testimonials, and other pertinent details about our chiropractic billing services.
- Improved collections and Income
- Accelerated payments and reduced stress
- 24/7 accessibility to your patient data and financial information
- Know where your money is -Transparency throughout the revenue cycle
- Full financial and practice management reporting
- The Security and comfort of knowing billing is being handled by professionals & reimbursements and income will go up.
Comprehensive Chiropractic Billing, Collections & Practice Management
- 5 Star offers comprehensive Chiropractic billing services and collections.
- An initial evaluation of your practice and AR is included before we move forward.
- We make it easy to get started and we are serious about getting you paid!
- Our Certified Professional Coders will get you maximum reimbursement.
- Computer system and software designed specifically for chiropractors
- Patient input, statements and follow up is included in our service
- Full Electronic claims and AR management is also included
We are large enough to handle multi-physician/multi-location practices yet small enough to give the personal attention your account deserves.
Area of Expertise
Chiropractic Billing and Collections
Aggressive collecting methods with insurance companies
Maximum reimbursement for your services
Excellent customer service for you and your patients
Efficient exchange of information between you & 5 Star
Claims are submitted electronically
Certified Professional Codes on staff
Remote Access to all your patient’s data
View your patient balances and transaction history
Detailed reports and the end of the month
Patient Statements go out a minimum of once a month
Why Work With Us?
According to a 2009 report by the Office of the Inspector General, more than 83 percent of chiropractic claims did not meet at least one Medicare documentation requirement. Of all claims reviewed, 43 percent lacked treatment goals, 24 percent lacked a treatment plan, 17 percent lacked objective measures, and 15 percent lacked the recommended level of care. In addition, coding and billing errors, such as misuse of the acute care (AT) modifier to flag services, often resulted in denied and incorrectly scored claims.
To avoid claim denials and receive maximum reimbursement, it is important for chiropractors to submit correctly coded claims. This can be easily accomplished by working with a chiropractor billing company, like 5 Star Billing Services.
At XyberMed, our billers and coders work side-by-side with your practice to identify problem areas. We determine the best course of action to correct these issues and train your staff on the most efficient chiropractic billing procedures. By assigning our certified billing professionals to manage all of your chiropractic billing needs, you can ensure increased revenue and reimbursements.
- Payer relations
- Patient relations
- Client reporting
- Fee analysis
- Managed-care contracts
- family practice medical billing companies
Your Chiropractic Billing Company
A chiropractic billing company should increase your reimbursements. In fact, a chiropractic billing service should be more efficient and effective than your own practice. A chiropractic billing company should allow you and your staff to focus on the practice of medicine. Whether you have a private practice or a multi-specialty clinic, our chiropractic billing service can make your healthcare organization more profitable.
According to industry experts, a claim settlement rate between 20% and 35% is considered good and acceptable. At 5 Star, our account managers have an average of eight years of chiropractic billing experience. Their knowledge, skills, and dedicated follow-up are why the adjustment rate at 5 Star is consistently lower, as low as 12% for Medicare. At 5 Star, we achieve exit rates for our practices that are higher than the industry average. Simply put, you and your practice receive a higher average revenue per claim processed.
More than just a claims processing center, 5 Star Billing Services offers numerous benefits and services. Our state-of-the-art billing system creates your claims daily, which are accurately coded and submitted electronically. Once your invoices are processed, payment can be received in as little as ten days, not three months.
A Chiropractic Billing Company Should Help Reduce Your Expenses
Our customers reduce their office costs by using our services and software. All you need is a PC and Internet access. Our practice management software is all-inclusive, even over the Internet, and is part of our standard service. There are no costly software updates or support fees. There are no hidden costs or additional fees.
Preferred Health Resources is unique in the medical billing field. We offer a complete business solution for your medical billing and practice management needs, all for one fee. All the services and benefits you receive are included in the price, even overnight mail for mailing your demographics.
Our fee is below the national average. Our goal is simply to provide you with the highest return on your claims without sacrificing service or patient care and at a competitive price.
For our billing services, we use advanced, web-based medical billing software that can easily interface with your organization’s data. We can also work with your own billing or practice management software, as our billing specialists have worked with the most popular billing systems, including Medisoft, Practice Admin, Lytec, Eclipse, AdvantX, and others.