At one point in time, virtually every business owner – chiropractors included – has asked the question “How can I improve my income?” Today’s post will discuss this mega-dilemma of nearly all entrepreneurs.
Before we discuss potential solutions, allow me to throw another question at you:
HOW do you want to increase your income? Read More
I’ve got three news updates for you today – one positive, one negative, one perhaps can go both ways. Read More
The 2011 edition of the National Health Insurer Report Cards were recently released and illustrated some disturbing trends.
In case your not familiar with the NHIRC, it’s the 4th annual report sponsored by the AMA looking into financial waste, timeliness and accuracy of claims due to common insurance payer tactics. This year’s segment analyzed claims data from a randomized sampling of over 2.4 million claims. (You can get the full version of the NHIRC here).
Many of the big payers are represented in the report cards – Blue Cross, Blue Shield, Anthem, Aetna, Cigna, United HealthCare and Medicare.
From the findings, it’s likely one or more of these payers are causing you trouble (whether you realize it or not). The report cards allow a glimpse at who is notorious for paying claims late, requiring mounds of paperwork, using underhanded tricks to under-pay contracted fee rates when you’re not looking and more.
Don’t be a victim! Here’s the Executive Summary of what the NHIRC found out: Read More
Some of you may get tired of hearing how dangerous errors in your chiropractic billing, coding or documentation practices may be. I certainly have sat through more than my fair share of seminars where it appeared that the main motive of the speaker was to scare you straight. Furthermore, from the data extracted from most chiropractic reviews done by Medicare and other payers, we have ample evidence that we should be more than a bit worried.
Since I am a bottom line fanatic, let’s look at this from another angle: what could chiropractic billing, coding or documentation errors cost you? Obviously, the flip side of this question is, if you do it right, how can sound strategies in this regard help you improve your business? Read More
Today I’m going to speak to you about a mandatory format conversion for your electronic billing that you must do by January 2012 or you will not be paid! If 2012 sounds like a long way away, you should know that testing for the 5010 conversion starts now — in April 2011!
Specifically this format conversion is called 5010 and you might’ve heard of it as a HIPAA 5010 Format Conversion or “mandatory claims reformatting.” Lots of chiropractors have been emailing me for advice on what to do, where to go for information and what exactly is required for the conversion.
First — a reality check. Do NOT be fooled by the term HIPAA! One reason I told you up front that you will not be paid and I didn’t mention HIPAA is that I know chiropractors by in large ignore lots of things related to HIPAA. They think, “Well in I’ve never seen a HIPAA policeman” or “this is just some low priority compliance items I can handle later.” This is entirely different!
This 5010 conversion is mandatory if you do ANY sort of electronic claims transmission or electronic billing. Read More
By request, we have taken our popular seminar and brought it into your home/office via WEBINAR! Read More
For those of you who did NOT attend my recent seminars in the Northwest, here are a few items you missed!
For those of you who attended, as promised, here are the specific references and places to go for the information that was not included in your notepacket.
Tom
P.S. If you did NOT attend my recent seminar, be sure to read the bottom of this post for a Special Offer!!
P.S.S. Seminar attendees — I used this picture above to stimulate your memory to…stop giving it all away! 
Read More
Medicare carrier Palmetto GBA released their 4th Quarter (2010) Medical Review Findings which details the deficiencies they have been noting in terms of billing, coding or documentation errors. These findings are not exclusive to chiropractors. In fact, since chiropractors are only paid for one service in Medicare, we probably should not even make this list. But we did (again). Read More
SORRY, THIS REPLAY IS NO LONGER AVAILABLE!
We exceeded capacity of our host for our 3rd Annual webinar, “The Toughest Chiropractic Billing,Coding, Documentation, Collections Questions Ever!” This “maxed out” webinar features Dr. Tom Necela answering questions “live” from chiropractors around the country on a variety of billing, coding, documentation, collections issues!
While we certainly are happy that so many doctors wanted to attend, we want to make this information available to all those who registered and were not able to get to the presentation, so we are making a replay of the broadcast available for a limited time only.
(Click above to listen and watch this 1 hr presentation)
Tom
P.S. This replay will only be available until Dec 31, 2010, so listen while it’s here
and tell your friends before it’s gone!
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