time is moneyChiropractic billing and sourcing can be very time consuming. Because of this, many practices are turning to third party billing solutions. MichiCare, a wholly owned subsidiary of the MAC, offers a comprehensive and professional chiropractic billing service designed to reduce the administrative burden of practicing chiropractors, save the practice time and money, and utilize our over 25 years of insurance expertise to increase your revenue.

Here are three (3) ideas for optimizing your time gained from outsourcing your billing:

  1. More time = more patients: Focus on what truly matters in your practice – your patients! According to this study “by spending a small proportion of time chatting about nonmedical topics, and by allowing sufficient time for exchange with the patient” patient satisfaction increases.
  2. Learn something new: Now that you aren’t devoting a lot of time processing and following up on your claims, you can look to diversify your skill set and open up more opportunities for patient flow. For example, is there a need for a sports chiropractor in your area? Consider obtaining your CCSP.
  3. Reduce and Reinvest: Now that you have shed some payroll costs, consider reinvesting that savings into your practice to enhance your patients’ experience. Upgrading your technology, equipment, and marketing can increase patient satisfaction as well as attract new patients!

Source:

Gross DA, Zyzanski SJ, Borawski EA, Cebul RD, Stange KC. Patient satisfaction with time spent with their physician. J Fam Pract. 1998 Aug;47(2):133-7. Erratum in: J Fam Pract 1998 Oct;47(4):261. PMID: 9722801.

About MichiCare

MichiCare, a wholly owned subsidiary of the Michigan Association of Chiropractors, is governed by a nine-person Board of Trustees, all MAC members, who oversee the growth and transparency of the organization. The goal of MichiCare is to provide a comprehensive line of superior insurance and specialty products tailored to the unique needs of the chiropractic profession, delivered at the lowest possible cost. These dedicated leaders are committed to keeping the profession’s valuable financial assets in the profession!

Besides MichiCare Services Organization, current MichiCare offerings include:

  • Innovative insurance options for home and office through AmeriProtect, custom tailored to meet the unique needs of the chiropractic profession and delivered at the lowest possible cost. The overall goal is to create a self-funded insurance company owned by the chiropractic profession. This is truly a landscape-altering endeavor that will benefit the chiropractic profession throughout the country! You will want to be a part of this groundbreaking opportunity for chiropractors to help all our doctors grow and thrive.
  • Chiropractic-centric corporate wellness programs available to integrated and traditional practices. These programs will be designed to unite chiropractors with forward-thinking employers and ultimately lower costs and improve employee performance.

Leave a comment below or email us if you have questions!

 

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