A Necessity? Liability insurance is typically divided into two categories: General Liability and Professional Liability. These may be separate policies, but they are often bundled together by the insurance carrier. Professional Liability, also known as Malpractice insurance, covers claims related to medical negligence. On the other hand, General Liability covers claims involving bodily injury to…
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Protection for the Practice Malpractice insurance is a crucial safeguard for chiropractors due to the unique nature of their practice. As chiropractors work closely with patients’ musculoskeletal systems, there is a possible risk of injury or dissatisfaction arising from the treatment provided. In the event of a legal claim or lawsuit, having malpractice insurance is…
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This Rapid Tutorial offers a surface-level overview of insurance options for Chiropractors including recommendations, policy cost discussion, and insurance carrier considerations
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Establish Your Business Reputation The journey to building a practice takes another turn and comes to a full stop when confronted with the task of writing a business plan! A chiropractic business plan is essential as it provides a roadmap for the practice, aiding in its success and growth. While it may seem archaic in…
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The World of Insurance Setting up a practice includes considering what type of practice you would like. Will you be insurance based or cash based? Will you treat Medicare patients or refer them out? Will you take personal injury and workers’ comp cases? If you choose the insurance path for reimbursement you will need to…
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Enrollment & Applications Now that you have made the decision on the type of business entity and structure, the fun begins. Before you can start seeing patients, you must enroll in the ‘system.’ This includes federal systems like IRS and Provider systems for practicing physicians. It is vital that you take your time through this…
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