The average chiropractor receives about 139 patients a week. You can maximize your earning potential through cash-based care packages. A cash-based practice saves you the hassle of dealing with multiple insurance companies. Your hard-earned cash should hustle the same way as you, so you should see it in your books instead of the insurance. Say goodbye to the stress of dealing with third-party payers. Reliable software automates the billing and documentation process for external auditing. Adequate documentation is also necessary for regulatory compliance.
A streamlined cash-based practice will ensure more money at your disposal. You can use ready cash for upscaling opportunities and better equipment acquisition. Getting supplies on credit will be part of the past, as you’ll close your accounting books in time, with all the money in. Most importantly, you’ll get the motivation to focus on your practice. Your main goal is meeting patient needs and not straining to trace your revenues. A simple cash tool can help you stay on that goal.
How can simplifying running a chiropractic cash practice benefit your business? Here is everything that you need to know.
Simplified, Customized Care Plans Management
Different patients will subscribe to varying care plans, depending on their needs and budget. Some packages come in multiple sessions, which makes billing them a headache. Modern chiropractic software simplifies the patient-package management process. You can quickly track exhausted and remaining subscription plans. Patients prefer personalized plans that cater to their unique conditions. If you offer this service, there is a high likelihood that you’ll receive more clients.
You probably offer discounted prices to first-time patients, but those sound good to premium plans subscribers and returning clients too. Keeping track of discounted bills and full-paid services can get hectic, especially when you rely on manual recordkeeping, like traditional Excel docs. Chiropractic practice software automates and centralizes your billing records. This way, you know when to ask for more cash or when a patient is still paying on discounted terms.
An Integrated Payment System
Besides insurance, your patients want to explore other payment options. Chiropractic billing with integrated payments stimulates patient inflow, and more clients will want to subscribe to your care plans. Customers will also want to know if your business accepts multiple payments. Your payment solutions should cater to complex needs and preferences. This will attract patients across the board. A one-time patient will want a simple payment option with minimal transaction costs.
Prevalent payment options integrated with chiropractic software include:
- Debit and credit cards
- Direct bank transfers (EFTs)
- Mobile money wallets, like PayPal or Apple Pay
Consumers appreciate a seamless checkout process when paying for customized treatment plans. Get reliable software that collects only relevant information at the checkout point. Asking for too many details may scare new patients away. A streamlined, integrated payment process will keep clients returning. More patients mean a boosted industry reputation and a ready cash flow for expansions.
Mitigate Your Liability
Lawsuits can damage the reputation of your practice and cost you thousands of dollars in legal fees. Take advantage of cash-based chiropractic care plans that come with agreement clauses. Patients can review each care plan before accepting the agreement’s terms. These can include various types of services and discounted plans. This makes the process more manageable when it comes time to collect cash payments for the services offered. Every time that patients check in for a session in their care plan, they’ll know what to do. Agreeing to the terms shows a commitment to cash payments and not insurance.
Build and Retain Your Patient Base
Chiropractic software automates building and retaining a patient database as you bill them. You’ll collect valuable data when patients fill online submission forms. This information will help you personalize future treatment plans, so you can achieve a customized booking experience. You can base this on a first-pay, first-served basis to improve customer satisfaction. You’ll spend little to no time organizing your billing diary to concentrate on your practice.
Having an extensive database also means access to patient email addresses. You can send bills and remainder notes in an automated process. Patients will know in advance if they have to add money to access subsequent treatment plans. This will save both you and the patient time when you have a “cash first” policy. Patients will pay before getting your services.
Get the Most Out of Your Business with Chiropractic Cash Practice
Running a chiropractic cash practice is the best thing that could happen to your clinic. Reliable software guarantees customer satisfaction through customized care plans. Tailored care plans paid in cash translates to recurrent revenues for your practice. It also means better care for patients. You will have enough time to attend to your clients instead of tracking payments. Subscribe to a suitable software plan and stay ahead of the game.
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!