Understand what risk management has to do with your financial policy. There is now a greater risk of financial loss due to improper discounting and faulty financial and collection policies. It is widely known that the Office of Inspector General (OIG) and Medicare are cracking down on healthcare fraud and abuse. Still, most chiropractor offices are unaware of how widely successful these efforts have been. In this presentation, we will identify the five most dangerous things we face in chiropractic and how to avoid them.
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Why is the Discount Challenge prize amount $15,024? Because that is the average “per-occurrence” fine for Medicare inducements. That’s not $15,024 per patient, that’s not per provider, that’s PER VISIT. Stinks, doesn’t it? To us, the prize amount is worth the investment if we can help our profession better understand proper discounting.