How to Recession-proof Your Multi-provider Practice
- Integrated chiropractic practice management software can help your multiprovider practice thrive in any economic climate.
- Ensuring compliant documentation, improving patient communication, and automating insurance for your practice can boost revenue and help keep patients on the books.
- With robust data security, reporting tools, and integrated billing, cloud-based ChiroTouch can help you recession-proof your practice.
When you run a multiprovider chiropractic practice, you need to set up processes for staff and patients that reduce overhead costs and prioritize patient care. Integrated chiropractic practice management software streamlines intake and documentation, simplifies billing and insurance, and improves patient satisfaction with online scheduling and digital intake.
These factors can work together to boost your revenue and keep patients returning, even in an economic recession.
Recession-Proof Your Multiprovider Practice with the Cloud-Based Chiropractic Practice Management Software
In 2023, many businesses are preparing for a global recession. According to a 2023 survey from The Conference Board, 93% of CEOs surveyed are preparing for a U.S. recession over the next 12 to 18 months.
To ensure your multiprovider chiropractic clinic thrives during tough economic times, implement integrated billing, scheduling, and intake solutions that streamline processes and allow for more time with patients. Using cloud-based ChiroTouch, you can take the following steps to protect your practice during a recession and continue to scale your business.
Ensure Compliant Documentation
Compliant documentation is crucial for your chiropractic practice to thrive in a recession. Maintaining compliance ensures your practice meets regulatory requirements and keeps accurate records for improved patient care. With ChiroTouch, you can use built-in macros that help you minimize costly coding errors and complete SOAP notes in seconds, allowing for more personalized attention to patients.
ChiroTouch provides auto-proof formatting, BulletTouch macros, and built-in compliance updates that ensure your documentation is accurate for each patient interaction.
Automate Insurance Processing
Automating insurance processing is vital for a multiprovider practice because it streamlines the claims process, reduces errors, and improves efficiency. This saves your practice time and resources, ensures timely reimbursements, and reduces rejected claims, helping you achieve financial stability and success.
ChiroTouch offers an automated coding engine that automatically syncs CPT codes across all practice areas. CT Max lets you add full claim cycle management, including electronic claims submission, status updates, and ERA auto-posting for a 98.06% payer acceptance rate.
Simplify Chiropractic Billing
Integrated billing can help your multiprovider practice improve cash flow during a recession by providing a centralized platform for managing and processing all billing-related activities. This streamlines the billing process, reduces errors and delays, and ensures timely payments, increasing revenue and improving the financial stability of your practice.
Cloud-based ChiroTouch offers simplified billing features for multiprovider practices, including ledger, receipts, and invoicing. With payment processing tools like CT Payments, you can save 30 minutes a day on billing tasks and offer payment options like phone, online, chip, swipe, Apple Pay®, and Google Pay. You can also save cards on file so your patients don’t have to bring them with them to their sessions.
You can recession-proof your chiropractic practice with integrated patient scheduling, which streamlines appointment booking and reduces administrative tasks, freeing up staff time to focus on patient care. It’s an easy way to improve patient satisfaction and retention, leading to increased revenue and a more stable practice.
ChiroTouch’s cloud-based patient scheduling feature lets patients access an online calendar via a portal to book or reschedule appointments. The portal syncs with your practice schedule, ensuring that you’re never double-booked and reducing the risk of no-shows, which can cost your practice approximately $3,200 per month.
Improve Data Security
Improving data security can help recession-proof your practice by protecting patient data from theft or loss, preventing costly data breaches, maintaining HIPAA and CPT coding compliance, and ensuring you comply with the No Surprises Act.
This builds trust with patients and your practice’s reputation, even in challenging economic times.
ChiroTouch’s automated billing feature allows you to check patient balances and post payments quickly, reducing the possibility of errors and NSA violations. Add-on features like CT Engage allow you to send patients HIPAA-compliant messages about billing statements, insurance claims, and EOBs.
Implement Digital Intake
Digital intake forms can help chiropractic businesses save time and money by streamlining the patient intake process. Patients can complete forms online, reducing paperwork and improving accuracy. This can also enhance the patient experience by creating a more efficient and modern practice.
CT InForms is a cloud-based intake solution that enables chiropractors to collect patient information quickly and easily. With CT InForms, patients can complete forms online before their appointment, eliminating the need for paper forms and reducing administrative tasks for staff.
CT InForms also integrates seamlessly with ChiroTouch EHR software, ensuring that patient information is accurate and up to date.
Communicate Directly with Patients
Communication is crucial for keeping your patients engaged and up to date with what is going on in your practice. You can use CT Engage to SMS or email patients directly with appointment reminders, birthday and holiday greetings, and notifications of upcoming events at your practice or in the local community.
The platform also includes advanced reporting and analytics features so you can track patient engagement and measure the effectiveness of your communication strategies. This allows you to make informed changes to your marketing campaign to reach more clients and increase your cash flow.
You Can Count on ChiroTouch!
Transitioning to a cloud-based chiropractic EHR and practice management system can help take your practice to the next level of efficiency and productivity, helping you generate more revenue while providing high-quality patient care.
ChiroTouch’s cloud-based platform streamlines operations, minimizes errors, and improves reimbursement rates with customizable macros and automatic insurance coding. With ChiroTouch, you can access patient and business data from anywhere, on any device, allowing for greater flexibility and patient convenience.
Book a demo with a ChiroTouch Specialist to learn how you can count on ChiroTouch to help you operate your practice more productively, even during an economic downturn.