To date, Congress and the White House have failed to reach an agreement to eliminate the scheduled Medicare payment reductions scheduled to take effect on January 1, 2013.
Without intervention, chiropractors (as well as other physicians) face a 26.5% reduction in the current Medicare fee schedule for 2013 as part of the sustainable growth rate (SGR) formula. In addition, the Budget Control Act’s sequestration provision calls for an additional 2% cut to take place on January 2 unless an agreement can be reached to avoid the so-called fiscal cliff. Read More
Let’s talk about raising fees and increasing profitability. Most of you would certainly be in favor of the latter (more profits) but many of you feel a sudden nervous twitch contemplating the former (raising your fees).
In this day and age, some of you may also protest that fees are set in stone by payers. While this is true for some payers and for some of your practice, this does not negate the fact that eventually you have to increase your fees to be profitable. It can diminish its impact but by much less than you think. Here’s why: Read More
There are few things that chiropractors sweat more than raising their fees. Despite your biggest fears, it is a necessary element to running a profitable practice. Here are some good ways to go about this: Read More