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What Metrics Should You Track in Your Practice?
What Metrics Should You Track in Your Practice?Our clients have determined that these are the most important metrics to track in your practice: Collections, Patients Visits, Charges, New Patients, No Shows, No Future Appointments, Accounts Receivable, Unbilled Visits, Unsigned Notes and Claims needing to be corrected by the Practice. They’re related to each other and they affect each other.
How do you track them? Do you have a tool to monitor them with a simple glance at a chart? The tools to track these metrics are built into our software and your Practice Success Coach will help you to understand the metrics and their relationships to the other metrics. These Key Performance Indicators (KPIs) must be measured to know the health of your Practice. Learn more with the free webinar that can be viewed right on this page.
The post Top 10 Metrics You Should Track appeared first on Genesis Chiropractic Software.
How can you tell if your Chiropractic Practice is being paid in full and on time by insurance companies? How can you tell if there’s an underpayment?
Haven’t you heard ever since Chiropractic school that Chiropractic should be the dominant healthcare system? I know that I have. Chiropractic allows the body to naturally heal itself, awakening the potential of our own nervous systems. With this power, why isn’t Chiropractic at the forefront of every healthcare journal, study, and the primary choice of care for the majority of patients? It should be. That is why today I want to talk about what it would take to actually make Chiropractic the dominant health care system in our country and what we can do to help because it is about time.
When a new patient comes to your Chiropractic Practice, how many steps must your Front Desk person take to create a new patient account?
Chiropractic at its root is a wellness-based philosophy. It is about freeing the nervous system to optimize function, not just treat pain. Unfortunately, many of our patients, our staff, and even Chiropractors themselves have forgotten this, focusing instead on pain relief. Now, I think that it is about time we remember where we came from and the true power of Chiropractic and return to function.
When your practice receives payments by cash, credit card or checks, do you have a way to reconcile your practice with your bank account?
Chiropractic Practice Workflow is foundational to getting back to the basics of Chiropractic…how it began, how and why it works for our patients, and how to educate our patients to turn them into patients for life. Today, I want to talk about what you can do today in your practice that will help you, your staff, and your patients. I want to talk about how you can use the technology that is available to you to automate your Chiropractic practice workflow to grow your practice revenue, increase patient retention, and boost visit compliance.
Are you making enough money in your Chiropractic practice? Enough to pay your overhead, your staff, and yourself? Are you making enough to build the type of future that you and your family deserve? Or, are you just making ends meet or struggling each month on the hamster wheel of trying to bring in new patients to replace the ones that have gone inactive? Don’t you think that it is about time that you made more money in your practice?
When your practice receives payments by cash, credit card or checks, how do you reconcile your practice with your bank account every month?
Do you set-up care plans for your patients?
Creating Multiple Disciplinary Practices is the wave of the future!
What happens if you forget to add a PQRS code?
The patient pool is something that constantly needs to be re-filled for many Chiropractors. It is a never-ending process of finding new patients to replace the ones who have left your practice. This creates a continuous area of work for you, as the doctor. You not only have to handle patient treatment, you are the staff and office manager, the record keeper, the financial manager, and the patient recruiter. Wouldn’t it be easier if once you had a patient, you had an automated system to keep that patient? Wouldn’t it be better if you had a simple way to make sure that every patient became an educated patient, who understood the value of maintenance care to ensure their optimal health? How much easier would your day-to-day practice management be if patient retention activities were automatic?
You spent years and probably hundreds of thousands of dollars getting through chiropractic school and opening your practice; yet, you may not be receiving a good return on your investment. You give every patient your best and you are doing your best to provide a good life for yourself and your family but it still may not be working if your practice management strategy isn’t working. Isn’t it about time that you had a practice management strategy that not only worked but could increase your practice revenue, patient retention, and visit compliance all while allowing you to provide the best possible care for your patients?
If insurance companies underpay your practice for certain CPT codes, would you be able to look it up?
How does your Chiropractic Practice recommend exercise routines to your Patients?
Running a chiropractic practice isn’t easy. As the owner and doctor, you have to wear many hats. You have to manage staff, provide patient care, keep up with the bills, and implement the marketing. If you are using an out-of-date practice management and EHR software, your job is even more difficult, having to memory manage all of your tasks or rely on report after report to keep your practice in check. Isn’t it about time that you took the guesswork out of practice management and were able to manage your practice at a glance?
