SMART Chiropractic Billing, Coding, Documentation, Compliance & Business Strategies from Dr. Tom Necela
When considering a chiropractic office sale or even a transition in your practice, it’s easy to procrastinate the planning of such a significant event in your life and chiropractic career. While it is important to thoroughly analyze the road you are about to embark upon, there are some serious dangers with procrastination or even attempting to hatch the “perfect” plan …
Would you leave chiropractic if you were financially independent? It’s a tough question that I can’t answer for you but I can tell you that your answer is critical to your success and future in chiropractic. Here’s the reason I ask: Recently, I had a conversation with a chiropractor who told me that he now owns two practices and is …
There are a few ingredients to chiropractic success that we can learn from our profession’s recent victory over United Healthcare and their prohibitive policy on headaches. And these things may also serve as a quick reminder to us that chiropractors can and do win victories over giants as a profession — and that you can succeed in overcoming your personal …
We’ve been receiving a number of emails from confused docs and their billing staff who are asking if the 2019 ICD-10 codes for chiropractors begin now (in October 2018) or later (in January 2019). The short answer is: even though the newest code set is named ICD-10 2019, the codes go into effect starting October 1, 2018! What 2019 ICD-10 …
Some of you may read this title and think that you are not failing in practice and that your business is doing ok. After all, many small businesses go broke are burn out within three years. And that’s not you, right? RIGHT? Good. Maybe. But are you really living a life full of FREEDOM, meaning, income and impact that you …
While it’s no secret that many chiropractors enter the profession a significant amount of student debt, your chiropractic student loans will not stop you from buying a practice. Yes, you read that right — the number of zeroes after your student loans do not scare off bankers and lenders who are familiar with chiropractic practice acquisitions. Here’s why: Any lender …
Although a chiropractic non-compete agreement is not part of every chiropractic associate contract, most have them. In fact, many chiropractors who are seeking an associate employment position are unable to avoid signing a non-compete agreement. For a business owner that is seeking to employ an associate chiropractor, there are obvious practical advantages of having a non-compete agreement, plus the experience …
Renting Space can be a chiropractic practice sale mistake that some chiropractors will make during the course of their transition, but the Space for Rent scenario is a particularly deadly error you want to avoid — unless you want to permanently ruin your chances for an eventual office sale. Since chiropractors who are looking to sell or transition their chiropractic office …
The present real estate market is having a profound effect on our profession — especially if your planning to buy OR sell a chiropractic practice- or even transition in any fashion here in the near future. Here’s a quick update on how & why: First, let’s define who this article is for. This post applies to you if (in the next …
The American Chiropractic Association (ACA) just sent a polite, but firm, letter that objects to the new United Healthcare Chiropractic policy that is presently creating quite a stink in our profession. The letter was co-signed by State Association Presidents as well as other prominent political advocates for the chiropractic profession such as Jay Greenstein, DC of Clinical Compass, Don Cross, …
