Cash vs. Insurance: What’s Right for You?

The debate over whether to maintain an insurance-based practice or convert to a seemingly less troublesome cash basis is one that doesn’t go away. Many doctors straddle the fence, bending first in one direction, then in another, looking for the best answer. The fact is, there isn’t one that applies universally. The right decision relates to an amalgam of skill sets, objectives and knowledge, and what is right for one practice might be totally wrong for another.

Six Tips for Better Practice Management

Practice Management Tip #1:
The key to patient compliance is good communication.  Follow the communication cycle:

• Tell them what you want
• Why you want it
• Ask for permission
  
  

Action Step:

• You are the authority: don’t ask questions, make statements
• Tell patients what they need and ask if they want to do it
• Be clear, be truthful, be convincing

Going Cash...Is This Really the Answer?

Over the last several years there has been a trend in which consultants and speakers at professional events are proclaiming that a physician’s only chance of survival is to establish a cash practice. One speaker even stated that if a doctor accepts insurance payments, he is actually trying to serve two masters; apparently implying that if you accommodate the insurance company, you essentially compromise the interests of your patient

How Chiropractic Software Saves you Time and Money

Pretend for a moment you’re not a doctor, but a conventional business owner. Do you think for a moment that you would deliver products or services and then sit around with your fingers crossed, hoping to get paid. Would you ignore technological advances and in favor of methods that antedate the last century? Would you put up with the idea of some third party coming into your business, looking over what you do, what you sell and how you work and then deciding whether or not your deserved to be paid and if so, how much? Would you be content to watch others in your field expand their businesses while your own remained static or declined?

Streamlining the Practice with Automated Documentation

See how Chiropractic Software can help you create crystal-clear, coding-verified reports that get you paid in full, fast, without dictation and transcription.

You should read this article if:

• You spend valuable family and professional time dictating reports
• Transcription costs are eating away at your bottom line
• You are constantly defending your charges to third party payers