• Magazine
    • Past Issues
    • Subscribe
    • Change Mailing Address
    • Surveys
    • Guidelines for Authors
    • Editorial Calendar
    • Editorial Deadlines
    • Dynamic Chiropractic
      • Newspaper
      • Subscription
    • The American Chiropractor
      • Magazine
  • Practice
    • Business Tips
    • Chiropractic Schools
    • Clinical & Technique
    • eBooks
    • eCourses
    • Sponsored Content
    • Infographics
    • Quizzes
    • Wellness & Nutrition
    • Personal Growth
    • Podcast
    • Coronavirus (COVID-19)
  • Resource Centers
  • Products & Services
    • Buyer’s Guide
    • Products Directory
    • Submit a Product
    • Vendor Login
  • Datebook
    • Become an Events Poster
    • Post an Event
    • View Events
  • Jobs
    • Jobs
    • Post a Job
  • Advertise
    • Advertising Information
    • Media Kit
    • Contact Us

Your Online Chiropractic Community

Chiropractic Economics Your Online Chiropractic Community
Subscribe
  • Home
  • Current Issue
  • News
  • Webinars
  • Chiropractic Research
  • Students

Chiropractic consulting, billing, financial planning resources

Chiropractic Economics September 24, 2020

chiropractic consulting

Choose wholesale chiropractic consulting or a la carte billing and financial planning needs

Busy DCs today often lack the time and expertise necessary to take a comprehensive approach when it comes to financial planning, billing or chiropractic consulting. Protecting and building your wealth often requires a team of professionals who can create a coordinated strategy to ensure a lifetime of financial success.

Most of us have experienced financial planning while going it alone or on an ad-hoc basis. For example, as when buying or selling an investment or setting up an IRA. But when considering financial planning or wealth management, a deeper journey is required.

Your chiropractic consulting needs

The challenges of today’s health care professionals are complex and may involve debt avoidance, equity creation, tax mitigation, income insurance, investment strategies, liability and more. For this reason, it’s important to seek out a financial advisor who will coordinate all the various aspects of your financial life to reflect your goals.

Having a solid financial foundation as a practice helps DCs whenever they experience risk, fluctuations in patient load or any other unpredictable occurrences. It’s your job to ensure your practice will be there for your patients even through economic challenges and health policy changes.

Billing: in-house or out?

For some practices it makes sense to outsource billing and other functions to save money. Keep in mind, though, that at many offices it may actually be more cost-effective to hire in-house staff than to outsource important tasks.

You’ll have to carefully weigh the pros and cons of hiring against your needs to find the right solution for you. Maintaining compliance with the law and also managing the important tasks of keeping practice finances organized may be too much to expect of your chiropractic assistant, for instance. And activities such as bookkeeping and account management are probably better done with help from an accountant in many cases.

As appropriate, seek the help of a financial professional who’s familiar with how small business and health care practice finances should be managed. You may decide that your finances today mean you’ll need more business tomorrow — from there, you can adjust accordingly.

To view the latest in billing, financial planning and insurance options for doctors of chiropractic go to cdn.chiroeco.com/wp-content/uploads/2020/06/CHEC_10_2020_FULL-2.pdf.

Related Posts

  • ACBSP names Dr. Laney Nelson Sports Chiropractor of the YearACBSP names Dr. Laney Nelson Sports Chiropractor of the Year
  • Higher Midlife Fitness Can Impact Brain Health in Later LifeHigher Midlife Fitness Can Impact Brain Health in Later Life
  • Possible blood test on the horizon to pinpoint patients at risk for long COVID or long-hauler syndromePossible blood test on the horizon to pinpoint patients at risk for long COVID or long-hauler syndrome
  • The school of hard knocksThe school of hard knocks
  • New York Chiropractic College awards degreesNew York Chiropractic College awards degrees
  • PFCS announces role with NFL teamsPFCS announces role with NFL teams

Filed Under: Chiropractic Business Tips, Chiropractic Practice Management

Current Issue

CE issue 7 cover

Follow Us

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube logoYouTube logoYouTube

Compare Subscriptions

Dynamic Chiropractic

The American Chiropractor

3948 3rd Street South #279,

Jacksonville Beach, FL 32250

Phone 904.285.6020

CONTACT US »

Privacy Policy & Terms of Service

Copyright © 2021, All Rights Reserved

SUBSCRIBE TO THE MAGAZINE

Get Chiropractic Economics magazine
delivered to your home or office. Just
fill out our form to request your FREE
subscription for 20 issues a year,
including two annual Buyers Guides.

SUBSCRIBE NOW »

Latest Chiropractic News

  • New study links chiropractic care to lower costs and a faster return to work
    A cash practice can help you in a changing healthcare market
  • Sherman College Board of Trustees Begins Presidential Search
  • Northwestern Health Sciences University Announces New $500K Chair in Biomechanics and Human Performance, Endowed by Foot Levelers