What Will Be Expected of Me? When we have to decide about something, we often ask, what will be expected of me? For example, before becoming a Doctor of Chiropractic, most providers likely reviewed everything that would be required: schooling, duration, location, job placement, income, and maybe even overhead cost. Each doctor weighed the pros…
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Dealing with Insurance Carriers While Being a Cash-Based Practice The essence of a cash-based practice is collecting most, if not all, payments across the front counter vs. waiting for payment from a third-party payer. Many providers find themselves on the wrong side of the rules by creating variations of this concept, sometimes without even knowing…
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Seeing Medicare Patients as a Cash-Based Practice The essence of a cash-based practice is collecting most, if not all, payments across the front counter vs. waiting for payment from a third-party payer. Many providers find themselves on the wrong side of the rules by creating various permutations of this concept, sometimes without even knowing they…
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Not sure if you are or can be cash-based? A clinic’s ability to understand a cash-based practice set up can be hindered when it is clouded by misinformation. This quick tutorial will provide the information you need to clear up any misunderstandings.
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Essence of a Cash-Based Practice The essence of a cash-based practice is collecting most, if not all, payments across the counter. An Insurance based practice may collect the patient portion of the service but must wait for payment from a third-party payer. You may have heard of hybrid practices that have a little bit of…
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Download Support Tool Sometimes when setting up fields in the practice management software, and/or reviewing payer policies, a provider will come across unfamiliar terms or acronyms. This can hinder the development of an efficient reimbursement system. Download this tool, familiarize yourself with it, save a copy in a sheet protector for regular usage, and keep…
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