3. Affordable Payment Plans
Every chiropractic practice benefits from regular customers. Creating affordable payment plans as part of your chiropractic treatment plan can keep patients coming back.
Consider these strategies:
- Recurring monthly payments by spreading payments over the course of the care plan
- Initial payment up front with smaller payments as the care plan unfolds
- Discounts for prepayment of the entire course of care
Each of these strategies can enhance your cash flow and provide for more consistent forecasting.
4. Automated Processing
Every time that patients have to pull cash out of their pocket, use their credit card, or write a check, it reminds them of the cost of treatment. Offer to set up recurring payments through automatic electronic deductions and encourage the use of e-payments, such as ACH payments.
Recurring payments help ensure that you get paid on time and encourage patients to follow through with their chiropractic treatment plan.
5. Spelling Out Everything in Writing
Your chiropractic treatment plan should provide a detailed course of treatment with milestones. While much of the language in your plan can be boilerplate or templated, every patient deserves a customized care plan based on their individual health needs.
Besides care plans, you need to provide information about your cash payment stipulations and any recurring charges or subscription plans.
Making It All Work
To make this all work, you need robust and reliable EHR practice management software that’s built specifically for chiropractors, like ChiroSpring.
ChiroSpring makes the entire patient care planning and execution go smoothly. From online scheduling to appointment reminders, online intake and care plans, SOAP notes, billing, and integrated payments, you get everything that you need to run a successful cash practice in one platform.
Approximately 68% of patients prefer electronic payments for medical bills, so ChiroSpring makes billing and processing payments easy. Patients can pay in person, pay online, or set up automatic payments.
When you are running a cash practice, you need a simple way to create and track invoices and statements. That includes the ability to track accounts receivable in real time. ChiroSpring’s integrated payments module automatically posts payments to patient ledgers.
Even though you run a cash practice, you may still need to deal with insurance to varying degrees. Patients may pay you, but they still need documentation to file with their insurance carrier for reimbursement. You need an easy way to create billing and coding information that matches patient care plans that insurance carriers will accept.
Certain cash practices also accept Medicare patients, which must be filed directly from the provider. ChiroSpring automates the billing, tracking, and submission of claims for a more seamless solution.
ChiroSpring is an all-in-one practice management and EHR system built specifically for chiropractors to help them regain face-time with patients, spend less time on back-office tasks, maintain a limited staff, and save operational costs.
To see how ChiroSpring can help you simplify how you manage your practice, reach out to one of our specialists today!