As an acupuncturist or chiropractor, do you accept insurance from your patients? If so, are you ebilling to ensure the fastest reimbursement and also the least amount of work? If you are not ebilling, you should really assess whether it makes sense for you.
Ebilling is way to create a huge efficiency in your practice if you are currently submitting claims to insurance companies. By utilizing the ebilling feature of your practice management software, you can cut down on the number of errors in your billing, can save on printing costs such as ink and the cost of purchasing the CMS 1500 forms, not to forget the money saved on postage. The reimbursement time is also a huge factor. If you are waiting to receive funds, you can wait for weeks or months to get reimbursed. Think about what you could do with that money if you were receiving it in less than 2 weeks using electronic billing.
The other key benefit is being able to track that billing with your clearinghouse. Once the electronic file is sent, you can see where things are in the process from your practice management system if your system has an integrated interface with a clearinghouse. This will allow you to manage your funds better and see exactly what is due to you or why something might be rejected. If you are using paper and you claim is rejected, you are most likely waiting a very long time to find out about the rejection and then have to spend time resubmitting the claim. In some cases, physicians simply don’t submit that claim again, and they write off the payment. If you are going to take the time to accept insurance, you should definitely take the time to make sure you get paid. Electronic billing will help you with that.
If you are looking to go green, cut down on wasteful time and effort of sending claims and also are interested in getting paid faster, use your practice management software to its fullest capacity and implement ebilling into your office. You will be very happy you did it.