Practice Decision Making Matrix The decision for a provider or practice to join a third-party network is a very personal one. But it must also be a business decision. In addition to being willing to accept a discounted fee when treating members of the plan, the practice must be sure that the amount to be…
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Download Support Tool At its very core, the practice fee system can be explained in a series of “either/or” scenarios. It starts by explaining that all the fees in our practice are either “actual” fee or “discounted” fees. From there, discounted fees are either “imposed” or “elective”. A keen understanding of this concept is essential…
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Download Support Tool There are a variety of patient types and each of them must be considered when making a business decision with regards to the practice’s financial set up. If you decide to accept all patient types, you need to count the cost. This can only be done by properly evaluating what is involved…
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Many practices that employ a “time of service” discount are doing it incorrectly. The definition of time of service, as well as what “bookkeeping savings” means have been distorted over the years. It’s not uncommon for a practice to offer some savings off their actual fees for uninsured patients. However, taken out of context, or…
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Download Support Tool At its very core, the practice fee system can be explained in a series of “either/or” scenarios. It starts by explaining that all the fees in our practice are either “actual” fee or “discounted” fees. From there, discounted fees are either “imposed” or “elective”. A keen understanding of this concept is essential…
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An Overview of VA Coverage The VA offers chiropractic care at selected Department of Veterans Affairs (VA) facilities. When it is not offered on-site at a veterans’ local facility, chiropractic care is available through the non-VA care process. This has been carried out by a variety of programs over the past few years. A patient…
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