Practisync Billing – Helping Create Practice Vitality
The Illinois Chiropractic Society (ICS) is excited to introduce Practisync™, our wholly-owned subsidiary, to member and non-member chiropractic physicians in Illinois. Practisync is dedicated to providing expert billing services to enhance the operation and finances of chiropractic practices.
How Can Practisync Help ICS Members?
Practisync provides a comprehensive solution to several billing and revenue management challenges faced by chiropractic physicians. With services like revenue cycle management, claims review, denial management, and seamless communication with your practice, Practisync aims to maximize your practice’s revenue. Our approach focuses on quality, compliance, and ensuring your billing is pinpoint accurate. By partnering with Practisync, we expect you will see an improvement in practice vitality and a reduction in billing compliance concerns.
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Why Does Billing Take So Long?
Billing in healthcare, including chiropractic practices, can be time-consuming, due to the complexity of claims processing, submission errors, and issues with insurance companies. Practisync addresses this by offering rapid claims submission to avoid delays and disruptions in cash flow. Practisync’s comprehensive revenue cycle management includes claims review and submission, rejection management, Electronic Remittance Advice and Explanation of Benefits posting, open claims follow-up, and aging insurance A/R accounts receivable (A/R) management. Our certified professionals and clear communication channels streamline this process, significantly reducing your time spent on billing activities.
Why Are My Accounts Receivable So High?
High accounts receivable (A/R) can be a challenge for many practices. It often results from delayed payments, denied claims, rejected claims, and inefficient billing processes. Practisync offers an A/R analysis service to identify billing and collections issues, providing a clear pathway to address these problems. Practisync’s approach to A/R oversight involves reviewing the quality of your open claims and managing them effectively to reduce your A/R balance.
Additional Benefits
Practisync’s pricing is designed to be straightforward, offering two simple rates based on ICS membership status. Members of the ICS benefit from a reduced rate, emphasizing the value that Practisync places on the Illinois chiropractic community. Our United States-based billers ensure HIPAA compliant, high-quality billing management.
Practisync, as a part of the ICS, is an invaluable resource for chiropractic physicians in Illinois. By addressing key concerns such as billing efficiency, high accounts receivable, and compliance challenges, Practisync can help improve your practice’s financial health and operational efficiency.
For more detailed information and to explore how Practisync can specifically benefit your practice, please visit our website at Practisync.
Editor’s Note: Practisync™ is wholly owned by the Illinois Chiropractic Society and an integral part of the ICS’ vision for our doctors’ practice vitality and increasing member value. ICS Members can save significantly over our already competitive market rate. Here is a short video further explaining this ICS investment in the future of the profession.
