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Investigating denied and incorrectly paid claims is a hassle for most chiropractic billers. On an average, 20%- 25% of the revenue loss experienced by chiropractors occurs due to poor claim cycle management. The average cost of re-working a claim is approximately $20.00 to $30.00 and that may mean a total loss for that specific visit on that particular claim.
Payers are more difficult to work with and as a hard working chiropractor; you don’t want to take a loss due to billing and coding errors. Preventing a loss requires focused attention on patient data, CPT and ICD-10 codes, benefits, billing guidelines, and insurance regulations. Some practices face the challenge of obtaining proper demographics and insurance information.
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