Tracking your net collection rate will give you valuable insight into how your chiropractic practice is performing.
The net collection rate is the percentage of collectible funds actually collected (i.e., after contract write-offs, etc.) and anything under…
Welcome to your billing and coding weekly solutions by H.J. Ross Company where getting your bills paid is what we do best!
Are rejected insurance claims having an impact on your chiropractic practice’s financial future?
Tracking your net collection rate will give you valuable insight into how your chiropractic practice is performing.
The net collection rate is the percentage of collectible funds actually collected (i.e., after contract write-offs, etc.) and anything under 95% net collection rate is considered a practice losing revenue.
Most chiropractic practices experience 15% to 25% of claims submitted each month are denied or delayed due to errors or incomplete documentation. The cost to re-work rejected or denied claims can add up and have a devastating impact on your bottom line.
Thankfully, H.J. Ross Company has over 40 years of experience in dealing with a wide range of chiropractic billing issues.
H.J. Ross Company understands billing with incorrect chiropractic CPT codes can lead to claim rejections and delays in payments, which can have a devastating impact on generating revenue and keeping you in business.
If you are experiencing insurance claim denial, staff spending too much time trying to get claims paid, and patients asking why their claims have not been paid then H. J. Ross Company is your solution.
H.J. Ross Company stays ahead of the curve on the latest trends and changes in billing and coding by utilizing their direct channel of communication with the insurance companies and organizations that set the guidelines.
There is a reason chiropractors have trusted H. J. Ross Company with their business for over 40 years.
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