Healthcare is a rapidly-changing industry that often leaves patients and providers both struggling to effectively stay informed, catch up and prepare for the future. These four new trends are emblematic of healthcare’s hurried nature, so we want to make sure you’re aware and prepared for how they may impact your practice and your patients. Right now, it’s important to start with awareness and begin gathering knowledge and information that can help you stay on top of how these trends are changing healthcare.
Protecting your practice from credit card fraud helps both your patients and your revenue. Credit card fraud comes in the form of stolen cards, fraudulent use of credit cards, and other inappropriate transactions. These types of fraud can be costly to your practice and cause significant financial losses for you if these instances become relatively common at your practice. While you can’t always prevent every fraudulent transaction from happening, you can take steps to protect yourself.
Compliance is a big part of your practice, and ever-increasingly important to keeping your patient retention and care reimbursement on track. If you want to boost your practice, strengthening your compliance in this area can help tremendously. Claims continue to be a weak area for many chiropractic clinics. In fact, many chiropractors ignore claims issues at their own peril. Establishing medical necessity in your patient charts for every treatment and session can help you receive better reimbursements from Medicare and other payers.
Insurance coverage is wonderful because it allows patients to access chiropractic services—but what about the instances when your chiropractic claims are denied or delayed? Health insurance does not seem so great when this happens. It can be downright frustrating to file claims only to see them rejected later. Even worse, these bad claims can prevent you from being appropriately compensated for helping your patients.
Social media can be a fantastic tool for growing and marketing your practice, keeping the community informed about your clinic, and more. It does carry some inherent risks, though, so you will need to be careful when you use social media as part of your practice. You want to be sure you do not violate any laws, such as HIPAA, or accidentally violate someone’s privacy. Many uses of social media seem innocent at first but may create problems for your clinic later on, so you should be sure to protect yourself and your patients.