ChiroHealthUSA Partners
iCollect
According to national statistics, approximately 70 percent of insurance claims are paid by insurance companies. iCollect Medical Billing Services can increase the percentage of claims paid to around 95 percent and as high as 98 percent, with the help of innovative electronic claims filing, appeals filing, and systematized re-call and follow-up procedures.
Statistics show that turnaround for payment of paper insurance claims is 60 to 120 days, which can cause significant outstanding receivables for the healthcare practice. iCollect Medical Billing Services with the help of innovative electronic claims filing, can generally have reimbursement in the physician’s hand within seven to 14 days. This will significantly diminish outstanding receivables and improve the practice’s cash flow.
Thanks to extensive editing and cross-checking conducted on electronic claims prior to their transmission to carriers, as well as innovative electronic “traps” to capture incomplete and/or incorrect information, iColllect submits insurance claims with an accuracy rate as high as 98 percent. For more information call 954-530-6232.
▶︎ 
Why is the Discount Challenge prize amount $15,024? Because that is the average “per-occurrence” fine for Medicare inducements. That’s not $15,024 per patient, that’s not per provider, that’s PER VISIT. Stinks, doesn’t it? To us, the prize amount is worth the investment if we can help our profession better understand proper discounting.