Author: Ray Foxworth, DC, FICC, MCS-P

Pain in the Taxes

Posted by Ray Foxworth, DC, FICC, MCS-P | Feb 26, 2020 | Personal Development, Practice Management | 0 |

Benjamin Franklin said, “The only things of certainty are death and taxes,” neither of which we look forward to. No one likes to talk or think about their taxes; however, hiding under our proverbial blankets until April 15, and hoping for the best, is a sure-fire way to pay more and keep less. Like many of us, I employ an accounting firm to be sure that I am not paying more than I should. But what I have found is that while many accountants are great accountants, they are not always great tax strategists.

Are Credit Balances Costing You Money?

Posted by Ray Foxworth, DC, FICC, MCS-P | Feb 5, 2020 | Billing and Collections, Documentation, Insurance, Practice Management | 0 |

Often, when we think about reviewing Accounts Receivable reports, we overlook the liability of credit balances. We tend to focus most of our attention on commercial payers and accounts that are over 60-90 days past due, but ignore balances with a credit that, unfortunately, can leave your practice open to numerous business and financial risks.

Cybersecurity: A Must for Your Practice

Posted by Ray Foxworth, DC, FICC, MCS-P | Jan 15, 2020 | Compliance, Legal, Practice Management | 0 |

You look over at your computer screen to access the patient’s chart, and you’re greeted with a demand for payment before you can regain access. It says you either pay the ransom immediately or your entire computer network will be locked down to the point of being unusable. What do you do? Read this article to learn more!

What Your Patients Really Want to Know Before Committing to Care

Posted by Ray Foxworth, DC, FICC, MCS-P | Dec 18, 2019 | Frequently Asked Questions, Insurance, Practice Management | 0 |

Health insurance can be a source of anxiety and stress for your patients. They don’t always know what their plans will cover in your office. Often, this can also create anxiety and stress in your clinic when your patients receive statements for much more than they expected to pay out-of-pocket.