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.
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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!
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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.
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As busy business owners and doctors, your patients are looking for consistency and reliability in all areas of your business.
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Almost 40% of patients are now covered by a high deductible health plan, leaving you to collect significantly more from your patients.
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Dr. Foxworth covers a few fears that truly sabotage chiropractic physicians’ success and may be preventing doctors from developing patient loyalty.
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Employee turnover can become one of the most costly expenses for your practice. Replacing a single employee can be financially devastating for a clinic.
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“How do I know what I should be charging?” My presentation is really about establishing a fee system and not what each clinic should be charging in their practices, but the response when I give it is fairly common.
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