The Illinois Chiropractic Society now offers a lien calculator for members in addition to our downloadable lien form! This video discusses the factors that go into the lien calculations as well as the new calculator tool.
A lien is a legal claim against specific property. A health care lien is a claim against monetary proceeds in an injury case. The Illinois health care lien law refers to individual health care licensees as “health care professionals” and to facility health care licensees as “health care providers.” The law allows health care professionals, such as physicians and other health care professionals, and health care providers such as hospitals, to assert liens for service billings against personal injury monies to be paid to the patient by a negligent party.
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.
In October 2019, President Trump issued Executive Order #13890, titled “Protecting and Improving Medicare for Our Nation’s Seniors.” Section 5a of this order states “Within 1 year of the date of this order, the Secretary shall propose reforms to the Medicare program to enable providers to spend more time with patients