The world has been moving towards advancements with every passing day. A lot of new things are introduced in the market in several fields. The same is the case for medical practices. A lot of new treatments have been introduced. Some of them look weird but are super effective to help you get rid of several disorders.
Acupuncture is also one of the unique methods of treatment for several health problems. In this method of treatment, several fine needles penetrated at specific points in the skin. Acupuncture is a widely used alternative treatment method. It is used to treat a number of disorders such as mental issues including anxiety, respiratory tract problems, eye issues, mouth disorder, gastrointestinal problems, and neurological issues.
The best thing about this treatment is that patients’ medical insurance can cover the expenses of this treatment. As you are running a practice and providing acupuncture treatment you must have a billing department as well to deal with the insurance terms. The best way is to hire the acupuncture billing services of a well-reputed company. This will save you a lot of time that you can use to generate new revenues and improve your practice.
If you are a newbie to starting a medical practice, you may not have enough knowledge about acupuncture insurance and how its billing proceeds. Don’t worry! We are here to tell you everything about it.
What is acupuncture insurance?
Acupuncture insurance is included in the medical insurance of patients. It involves the expanses of everything related to this treatment method. From hospitalisation to medication, every expanse of this treatment is paid for by the insurance providers. However, this treatment method is also used by people to relax their nerves and muscles. Insurance will only cover it when this treatment is prescribed by the doctors.
Procedure for acupuncture insurance billing
As you are running a medical practice, you have to provide acupuncture treatment to the patients and claim the expenses of this treatment from the insurance company. This process will simply be referred to as acupuncture insurance billing. You need to follow a complete procedure for this billing.
Registration
The first thing that you have to do is to register your patient. This registration will involve the basic information of health issues your patients are facing and why they have to undergo acupuncture treatment. If the patient is new, then you have to add the basic information such as name, address, age, etc. as well.
Confirmation of financial responsibility
After registration, you have to confirm the financial responsibility. There are different terms and conditions of insurance policies and companies offering medical insurance to employees. You need to contact the respective company and confirm the financial responsibility. Otherwise, you may have to face issues when claiming for the expanses.
Check-in and check-out review
It is a basic and pretty straightforward step. When your patients enter the hospital for treatment, they will have to fill out a few basic forms. In case the patients are new, they have to fill out some additional forms related to their basic information as well. After that, they have to repeat the same process when leaving your hospital. All these forms will have basic information about their check-in and check-out. The overview of all this information is called a superbill.
Monitoring coding
In this step, superbill will be used to prepare a paper claim of expenses. You have to monitor the coding to complete this step. A medical biller is required to do all these steps. However, the most convenient way is to get medical billing outsourcing services from a trusted company and save your time and effort.
Preparation and transfer of claims
After the formation of a paper claim by monitoring the coding of superbill, the next step is to prepare it completely. You need to review the claim and then forward it to the third-party medical provider. The transfer must be done both electronically and in printed form. After that, you have to wait for the approval. The approval of the claim will be done by the insurance providers according to the terms and conditions.
Generating bills
After the approval of the claim, the next step is to generate new bills that you have to forward to the insurance provider and patient. You will receive the payments according to these bills.
Final thoughts
As promised, I have delivered enough information about acupuncture insurance and its billing procedure. Now you are all set to provide this treatment to your patients based on their insurance.
Zuella Montemayor did her degree in psychology at the University of Toronto. She is interested in mental health, wellness, and lifestyle.
