The news is riddled with stories about the cost of health care “fraud” (current guestimates put this between $75 billion and $250 billion) and are starting to spook even the most jaded of practitioners. Unfortunately, while the widespread growth of EHRs has helped on one hand by enabling chiropractors to efficiently create much better documentation, there is a downside as well. EHR may also enable more widespread problems when used improperly. To this extent, Medicare recently identified the two biggest EHR taboos that could lead to “fraudulent” billing practices.
If you are using computers that run Windows XP in your chiropractic office, you need to be aware that you may soon be creating a HIPAA violation by doing so. In case you haven’t heard, Microsoft plans to end support for Windows XP on April 8, 2014 which will effectively and finally put the beloved operating system in the grave. If you are asking “what’s the big deal?” then you definitely need to read on. If you understand that this IS a big deal and that your HIPAA security may be compromised by using Windows XP, read on. Read More
Ever wonder how multi-millionaires chiropractors and other high performers THINK, get so much done, and take their practices to levels that most DC’s just can’t achieve?
Everyone is struggling to have better profits, more success and more freedom these days, so this video really hits the mark.
These are the same achievement strategies that I have personally used and have seen virtually every multi-millionaire chiropractor adopt in their transformation from starting out broke and frustrated to making millions.
The “secrets” are learning the very same strategies, productivity habits and business mindset of the world’s most accomplished chiropractors.
I think chiropractors who don’t know about these principles are always wiped out, stressed out, and frustrated that they can’t achieve more in their business.
But chiropractors who understand and master these strategies create extraordinary practices and lives.
Each year, the Office of Inspector General (OIG) publishes their yearly “work plan” which summarizes new and ongoing reviews and activities that OIG plans to pursue with respect to HHS programs and operations during the current fiscal year (FY) and beyond.
In plain English, the OIG Work Plan shows the latest targets that auditors will focus on with respect to Medicare programs and unfortunately, chiropractic services have made the list (again). In 2014, the OIG has identified three separate audit activities they will be aiming at chiropractors throughout the United States. Here they are:
Alas, here we are in 2014 with changes swirling all around our chiropractic practice. And while most chiropractors will try to keep all our plates spinning as best we can, we cannot forget to avoid the big threats that can harm, maim or even kill our practice. Here’s the what, why and how to avoid these beasties: Read More
Undoubtedly you have seen plenty of advertisements and received numerous solicitations from Chiropractic EMR, Billing and Practice Management Software vendors. Their pitches to simplify your life, make your practice more efficient, earn you stimulus funds and do everything this side of massaging your tootsies are hard to escape.
One potential use for software stands out as massive untapped and seldom mentioned resource for your chiropractic business: the ability to extract meaningful data about your patients and practice.
5 Ways You Should Be Using Your Software or EMR Read More
Despite all the buzz about ICD-10 being such a wonderful code set, the oncoming transition to ICD-10 still leaves chiropractors with many questions. Yes, it is obviously more specific. Yes, there are new codes that may be much needed (and many that are ludicrous). But there are still some glaring problems that chiropractors will need to consider in their implementation strategies. Here are a few examples: Read More
With more than 1 million newly insured patients entering the healthcare system in the first round of Affordable Care Act (ACA) enrollments, it is safe to say there will be confusion among chiropractors and patients across the country in the first months of implementation. Many patients who signed up for coverage in December 2013 may not have insurance identification cards yet, but they still may be calling to make appointments.
Consequently, verifying a patient’s insurance will become more important than ever. Here are some steps you need to take to get it right: Read More
This week, a lot of people are already getting disheartened by the fact that their New Year’s resolutions are beginning to slip away. If you are like many chiropractors who repeatedly fail to achieve their goals, your recurring theme of frustration (whether it occurs a week, a month or a year after your resolve to change) probably goes something like this:
“I have to stop messing around, and get serious about my practice in 2014.”
Sadly, the resolve to change in 2014 can slowly turn into 2015 which evolves into “when I get X squared away” or “when we see Y patients” or “as soon as Z happens.” In other words, maybe someday, when all the stars and the universe lines up, it will all work out. Sooner or later, your dreams begin slipping away and your business settles in for mediocrity. Let’s dip at least a toe in reality here: the universe will never line up and the success of your plans are largely dependent on the single biggest obstacle in your way – which is YOU!
Yes, whether you are willing to admit it or not, the biggest contributor towards the profitability of your business stares back at you every morning in your mirror. Yes, that’s you! And you, my chiropractic friend, need to stop messing around and “dabbling” in business success.
Here’s why: the future of our profession depends on your ability not to survive but THRIVE in practice. Your ability to financially provide for your family is directly proportional to the health of your business. And, for most folks, like it or not, your personal happiness is inextricably intertwined with your business performance. Sorry if this truth hurts, but today’s post is for you.
2 Big Realizations You Must Make in 2014 (and Beyond Read More
Are you planning to sell, transition or retire from chiropractic this year? Or next? Or even in the next 2-3 years?
Today we’ll discuss some of the latest facts, trends and rumors about chiropractic practice sales, transitions and exit strategies that will affect your business in 2014 and beyond.
Myths About Chiropractic Practice Transitions in 2014 Read More