Below you'll find a list of all posts that have been tagged as “chiropractic collections”
Patients, providers and staff alike are frequently frustrated by chiropractic pre-authorizations. But unfortunately, the process is likely here to stay and, in many states, getting much more common. After all, by installing chiropractic pre-authorizations, insurance payers create an effective way to block the patients from truly accessing the benefits they have paid for and, simultaneously, setting you (the contracted provider) …
In a previous post, I wrote about the growing payment problem known as “Virtual Credit Cards” that payers are in love with and providers are…well, in hate with. Today, we I’d like to warn you about yet another way payers are attempting to rob you of your hard earned money. Many of you have probably received a letter similar to the one …
I was on a strategy session call with a new coaching client a few months ago who was so frustrated with the Accounts Receivable in his chiropractic practice that he asked a hilarious question: “What do I have to do to get patients to pay? Employ my Crazy Cousin Larry to go scream at them until they give me their money?” …
If it appears that insurance payers unleash new rules, regulations, policies and even payment methods so quickly, you are not the only one left with your head spinning and your staff scrambling to keep up. Over the last several months, we’ve been getting more questions from chiropractors about an increasingly common payment method health insurers are offering: virtual credit cards. …
When faced with decisions on major life purchases – house, car, building purchase, even expensive remodels or repairs – most of us responsible adult chiropractors tend to do some comparison shopping. We may go out and get three or four quotes, make a list of the pros and cons and then pick the best choice, right? Wrong. While most consumers …
Over the last several years, the use of a standardized electronic claim form throughout the healthcare industry has become more popular, increasingly required and easier than ever before. It’s estimated that over 95% of health plans and providers are now electronic claims for the vast majority of patients. Frankly, I’m a bit puzzled why it isn’t 100% — but then …
While some chiropractors need to get more patients in the door to grow, most established practices can find significantly increased profits by focusing on firming up their systems and preventing revenue leaks. In fact, according to Mark Lion of Lion & Company CPA’s, most small physician practices (including chiropractors) have an average of 10-15% profit leak without ever knowing or …
Most chiropractors have a wealth of problems (and opportunities) bubbling beneath the surface of their chiropractic billing department (regardless of whether it is in-house or outsourced). I’m not peeking over your shoulder at the moment so I can’t say for certain which specific problems your chiropractic practice is experiencing. Generally speaking though, there’s a finite number of mischievous players who …
These days, many chiropractors are looking for ways to rapidly increase their collections. Despite this, recent studies have shown that you can literally manufacture a 20% boost in collections by doing one simple thing. And here it is:
Most chiropractors and their staff have an idea about the level of care they would most like to be giving their patients. If you poll DC’s you will also find that many (if not the majority) of docs would love to be rendering either comprehensive or wellness based care. The “comprehensive” DC would like his patients to understand the …
