Episode 141 – Doing Payment Plans Right (and Legally) with CHUSA

Recap

Are you doing Payment Plans in your practice? Most DC’s are…Let’s make sure that you do them right.

As with everything – there are right ways – and there are wrong ways to do this. Listen in on a conversation with Dr. Ray Foxworth from Chiro Health USA as he details the ins and outs of doing Financial Plans correctly (and legally) in your practice.

Episode Highlights

02:06 – Discover the experiences that led to the formation of CHUSA

07:44 – Insurance regulation and being compliant are critical parts of the business to reduce exposure

11:52 – Understanding how discounts come into play that are defensible

14:16 – An example of how to implement a discount properly and give an explanation to the client

17:59 – Don’t devalue your services based on what you think your patient can pay. Your fees should be straight across the board and not based on the payer source.

24:45 – A look at the dos and don’ts of recurring payment models, solely cash practices, and monthly payment plans.

31:59 – Dr. Pete interviews TRP Success Partner, Dr. Brian Capra from Genesis Chiropractic Software systems. Learn how Genesis leverages artificial intelligence to optimize the revenue of your practice and patient retention. Utilizing technology and systems can help you buy back your time and energy and help you focus on the areas that really matter to you