As a chiropractor and businessperson, the first question you have to ask is, “Why do you have AR in the first place?” And worse yet, are you just writing it off because it’s too hard to collect? That’s not good business. Plus, that’s your money.
Outsourcing your revenue cycle management may be the solution. The good news is that in a lot of cases making a few changes to your billing and collection systems can make a huge difference. You can improve your overall revenue picture without increasing patient load.
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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.