Billing
Precision Partners with Labady & Randolph
for Billing Compliance; Chiropractors
leverage Artificial Intelligence
and Legal Expertise for Practice
Risk Management
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Jeffrey B. Randolph, Esq.,
has saved many practices from
bankruptcy upon post-payment
audit of their claims and billing
procedures. Billing Precision
utilizes specialized software
to encode and leverage Mr. Randolph’s
unique expertise.
 Dumont,
NJ (PRWEB) March 29, 2006 --
Jeffrey B. Randolph, Esq., has
saved many practices from bankruptcy
upon post-payment audit of their
claims and billing procedures. “While
standard insurance policies protect
the doctor from most business
risks, nobody offers protection
against potentially enormous penalties
in case of billing audit,” says
Mr. Randolph, a partner at Labady
and Randolph and legal counsel
to the Association of New Jersey
Chiropractors. “Monitoring
billing compliance is doctor’s
responsibility and ignoring it
often results in practice ruin.”
Billing
compliance monitoring is difficult
because it requires testing of
every claim against multiple rules.
Additionally, major insurance
firms use proprietary rules for
selection of audit candidates.
Over the years, Mr. Randolph has
identified numerous rules that
might trigger billing audit. Some
tests are as simple as ensuring
adequate claim documentation using
SOAP notes, while others call
for heavy-duty calculations, such
as statistical pattern recognition,
designed to identify an overused
chiropractic manipulative treatment.
“Billing
Precision utilizes specialized
software to encode and leverage
Mr. Randolph’s unique expertise,” says
Dr. Yuval Lirov, inventor of several
patents in artificial intelligence
and computer security and author
of “Mission Critical Systems
Management” book. “Ensuring
billing compliance in a high-volume
practice would be impossible without
high-performance systems.”
About Labady & Randolph:
Labady & Randolph, LLC, is
a multi-state healthcare law firm
specializing in insurance litigation,
health care audits, arbitration
of medical claims, billing and
coding compliance, and professional
licensure matters. Mr. Randolph
is legal counsel to the Association
of New Jersey Chiropractors, a
member of the National Association
of Chiropractic Attorneys, and
is licensed to practice law in
New York, New Jersey, U.S. District
Courts for the 2nd and 3rd Circuits
and the Court of Federal Claims. |
ABOUT BILLING PRECISION
Billing
Precision, LLC is a national
Third Party Billing Service, Certified by New Jersey Department
of Banking and Insurance, and a Business Partner of Association
of New Jersey Chiropractors. Headquartered in Dumont,
New Jersey, Billing Precision consolidates billing services,
tracks payer performance from a single point of control,
shares Medicare compliance rules globally, and creates
massive economies of scale. It guarantees improved practice
profitability and 100% transparency throughout the billing
process. The service leverages comprehensive practice
workflow technology, integrating patient scheduling, SOAP
notes, compliance management, and billing.
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