Chiropractic medicine is on the increase, but, unfortunately, very little know-how exists on the business side of these practices. The purpose of this blog post is to guide chiropractors into financial stability and inform them regarding legal aspects they may encounter. The best marketing tool in chiropractic practice is undoubtedly word of mouth and other patient referrals.
The Danger of Shortcuts
Shortcuts in the preparation of patients’ documents can be very detrimental. It was established by the Department of Health and Human Services that shortcuts are potentially dangerous and can lead to inaccurate information on patients’ records as well as improper payment. Copying other patients’ documentation can mean having to go back and forth correcting notes and updating unrelated information, which is time-consuming. The practitioners were unhappy with this and recognized the risk thereof.
Unbiased Advice
Chiropractors want unbiased advice on many issues they experience as well as on compound legal issues. Chiropractors should strive to maintain smart audit appraisal habits to elevate any possible issues that could arise and should ensure that Security Rule controls are in operation to protect against leaking personal health information.
Keep Risk Assessment Consistent
Consistent value practices are crucial. The following factors are paramount to have a successful chiropractic clinic:
- Expertise and service rendered
- Marketing and new potential patients
- Locality
- Competition
- Occupational rental
- Suitable premises
Development Regarding Employment Law
Legal advice about unfair dismissal, maternity rights, redundancy, and health and safety law is given to an individual and/or partnership practice clinics.
Partnership Contracts
Contracts for partners, assistants, and other staff members must be reviewed and discussed in relation to joining or resigning from the practice. Legal hand-drawn drafts are available and oral agreements are discussed.
Invaluable Aspects relating to the Finances of a Chiropractic Practice
Invaluable input is provided regarding the funding of the practice. Legal advice concerning practice mergers and the best way to fund surgery acquisitions is crucial.
Assistance for Your Practice Manager and Chiropractors
Legal advice is provided to practice managers regarding legal queries that may arise periodically. After an investigation of conditions at the chiropractic clinic, these legal queries can be promptly dealt with by a phone call, email, or correspondence.
If you have any questions related to running a successful chiropractic business or medical billing, please contact us for assistance.
