selling a chiropractic practice

How Goodwill Affects the Purchase Price When Buying or Selling a Chiropractic Practice

When it comes to buying or selling a chiropractic practice, it’s important to consider its price which is determined by both the marketplace and its value on paper. When looking at the value of a chiropractic practice specifically, the single largest contributor to value is typically an intangible asset called “goodwill.” Basically, what this means for the buyer is that …

9 Issues Ruining Chiropractic in 2019

It’s no secret that chiropractors feel that a lot gets in the way of our desire to care for our patients and practices. In this respect, we are not alone.  And I believe part of the keys to success is to look outside the chiropractic bubble towards what other healthcare professionals are doing well – in addition to modeling what’s …

chiropractic telemedicine

Is Chiropractic Telemedicine or Telehealth an Untapped Opportunity for Your Practice?

Chiropractic Telemedicine or Telehealth is one of the hottest topics in practice management, clinical patient management and billing/coding circles – and it is one that we have been getting many questions about from the chiropractic community. Because this opportunity to implement chiropractic telemedicine or telehealth in your practice is so new, it’s one that does not have a long track …

chiropractic medicare 2019

2019 Chiropractic Medicare Updates You Need to Know Now

As with all things insurance, the one constant is change.  Obviously, the feds are no different.  Here are four 2019 Chiropractic Medicare updates you must know now (as they are effective January 2019). Medicare Deductible We’ll ease into this with the simple fact that CMS has announced that the deductible has increased slightly for Medicare beneficiaries in Part B, which …

future chiropractic practice sale

Year-End Moves to Help Your Future Chiropractic Practice Sale or Transition

If you are planning a future chiropractic practice sale or transition next year (or within the next three years), there are some strategies that you can employ at the end of the year to better position your business for the eventual sale or transition. The good news is that they are relatively simple moves that can be done quickly.  The …

medicare documentation changes chiropractic

How New Medicare Documentation Changes Will Affect YOUR Chiropractic Practice (Good News!)

For the first time in many years, there are rules regarding new Medicare documentation changes that are actually good news! In fact, for the first time in…well, forever…the latest changes proposed by Medicare will actually make chiropractic documentation easier in respect to your Evaluation & Management (E/M) notes.  Here’s why: New E/M Medicare Documentation Changes for 2019 Medicare had originally …

5 Factors to Consider BEFORE Buying a Chiropractic Practice

Many chiropractors wonder if they are entrepreneurial enough or whether they have “what it takes” to run their own business. There are many factors that are affiliated with chiropractic business success such as motivation, business savvy and clinical skills – among others. Specifically, financial lending institutions will consider many “tangible” factors beyond those mentioned above.  Here’s a quick list of …

The Biggest Legal Mistakes Chiropractors Make When Selling Their Chiropractic Practice

Each year chiropractors make the decision to finally leave practice.  And while their focus is naturally on the future, there are a few details that must be taken care of in the present before that future transition can be realized. If not, these serious mistakes can cause significant financial damage that can follow them for years to come. If you …

chiropractic office sale mistake

Three Delays That Will Damage Your Chiropractic Office Sale

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 …