Ray Foxworth, DC, FICC, MCS-P, Author at Illinois Chiropractic Society

Opportunities and Applications for Cost Segregation

Posted by Ray Foxworth, DC, FICC, MCS-P | Feb 24, 2021 | Practice Management, zall | 0 |

Are you using cost segregation, an approved IRS strategy, to reduce your income tax obligations? Read the article to learn more!

Investing in Your Practice’s most important asset

Posted by Ray Foxworth, DC, FICC, MCS-P | Jan 27, 2021 | Personal Development, Practice Management, zall | 0 |

In today’s complex and compliance-mandated healthcare environment, we must take the time to cultivate and develop talent in our offices. Training is not an expense but an investment in our business.

Refresh Your Fees for 2021

Posted by Ray Foxworth, DC, FICC, MCS-P | Jan 6, 2021 | Billing and Collections, Practice Management, zall | 0 |

The financial stability of any practice starts with the UCR (usual and customary) fee schedule. All too often, we neglect to review and update our fees each year. Problems arise when our expenses go up each year due to inflation and our fees stay the same.

Celebrating the Women of Chiropractic

Posted by Ray Foxworth, DC, FICC, MCS-P | Oct 21, 2020 | Other, zall | 0 |

October is National Women’s Small Business Month. “National Women’s Small Business Month is a time to recognize and applaud the talented, dedicated, and driven women whose entrepreneurial spirit helps drive our nation’s economy forward,” said Carla Harris, Chair of the National Women’s Business Council. This is an opportunity for us to recognize and celebrate the hard work of women in our profession.

As the World Reopens, Hiring and Retention Will Matter

Posted by Ray Foxworth, DC, FICC, MCS-P | Aug 5, 2020 | Practice Management, zall | 0 |

Employee recruitment and retention are vital for any business. The turmoil caused by the coronavirus could make this even more critical. Businesses are attempting to rebound after a period of closing or dormancy but are facing openings and other staffing issues.

A Key Focus for Your Practice: Athletes

Posted by Ray Foxworth, DC, FICC, MCS-P | Jul 22, 2020 | Clinical, Sports, zall | 0 |

Most patients come into our offices with recent injuries, or not so recent, which have finally become unbearable. Often, we are the last stop before surgery. Truthfully, the patients who need us most are the ones in our communities who are the healthiest. Athletes can rely on chiropractic physicians to reach peak performance levels and minimize the stresses that sports and training can put on their bodies. This is especially important for youth athletes, with seasons lasting longer and training becoming more competitive.

Is It Time for Your Practice to Outsource Compliance?

Posted by Ray Foxworth, DC, FICC, MCS-P | Jun 3, 2020 | Practice Management, zall | 0 |

Current wisdom in the world of business suggests that companies can benefit greatly from developing a strengths-based company culture. What’s that? It means having your employees do the work that suits their strengths and hiring people with the strengths needed for their roles. This thought raises a serious question for your practice. In the name of capitalizing on your team’s strengths, should you be outsourcing compliance?

Pain in the Taxes

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