Chiropractic Practice Management: How to Increase Profits | ChiroTouch
December 15, 2022 by ChiroTouch Article EHR, Patient Care, Business Management, Billing
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Highlights

  • Cloud-based chiropractic practice management software streamlines your practice’s workflow with automated features and complete integration.
  • Features like automatic appointment reminders, auto-coded insurance, and simplified billing improve your practice’s cash flow and boost revenue.
  • Better practice management lets you spend more time treating patients, improving their care and your practice’s reputation.
  • The right chiropractic EHR system empowers your practice for greater profitability and productivity across the board.

Chiropractic practice management software helps keep your business organized, but did you know it can also save your chiropractic practice money and increase your profits? Switching to a modern, cloud-based chiropractic practice management software streamlines provider, billing, and workflows through automated features and all-in-one integration.

Chiropractic Practice Management Software Can Increase Profits

One of the best investments a chiropractic practitioner can make is purchasing high-quality chiropractic practice management software. In a chiropractic practice, time is money, and the right chiropractic practice management software saves you the former so you can make more of the latter.

Efficient chiropractic practice management software eliminates many tedious tasks that take up too much of your time and that of your staff, allowing you to focus more on patient care. Better patient care helps increase patient retention, the key to the success of any practice.

Satisfied patients lead to good word-of-mouth referrals. This is vital to your practice’s success; nearly 50% of people choose or replace a provider based on the referrals of friends or family members. Think of it as a holistic approach, as your state-of-the-art chiropractic software ensures the daily flow of your practice works smoothly, from appointment scheduling to billing.

When everything works well, you and your patients are happy. Even patients who are satisfied with their care may seek treatment elsewhere if they experience frequent issues with billing, record keeping, or long wait times in the office because of scheduling problems.

The truth is that good patient care is the basis of your practice, but it is not the only thing patients will consider. Without stellar management, you could lose patients to competitors who run their practices more efficiently than yours — and more than likely, those competitors have better chiropractic EHR practice management software in place.

Ways an Efficient Chiropractic EHR Improves Your Bottom Line

The right chiropractic practice management software can improve your bottom line in various ways. Modern, integrated software can help with inventory tracking, reduce overhead costs, simplify billing and insurance, and reduce no-shows at your practice.

Inventory Tracking

Good inventory control is crucial for sales. You need a system that keeps track of every item, so you don’t run out and lose revenue or overstock your supplies and pay for supplements and equipment that end up sitting on shelves.

Simplify Billing and Insurance

Your chiropractic management software should integrate with your chiropractic billing software. This allows you to instantly see your revenue status and have claims processed quickly and correctly, with no need for manual input that often results in errors.

When claims are consistently submitted correctly, you don’t have the expense of re-submission and other reimbursement delays. Your practice can see a 98.06% claims approval rate with the right software.

Reduce Overhead Costs

Good chiropractic practice management software reduces overhead costs, indirectly increasing revenue. You may not need to hire as many employees to run your office, and the employees you have are likely to feel more satisfied with their jobs when they work with top software. They aren’t bogged down by menial tasks such as data entry or trying to fix problems caused by human error or outdated technology.

When you use top chiropractic management software, you don’t need to waste money on extra storage space for all your files. You’ll cut down on paper, photocopying, printing, and dozens of other expenses that add up over time. The average business with four employees spends about $92 per month on office supplies, over $1,000 or more per year, depending on your practice.

Efficient Intake

Patient check-in software via iPads and other tech connected with your chiropractic management software allows you to streamline your office procedures. An efficient, well-flowing practice may allow you to see additional patients each day because many of the obstacles causing delays are eliminated or reduced through technology.

One additional patient visit per day adds up to considerable revenue, and some chiropractors may streamline their practice to accommodate even more patients.

desktop computer and keyboard

Reduce No-Shows

No-shows are a big drain on your finances. Good chiropractic software helps ensure that patients who are scheduled for an appointment show up.

No-shows are often caused by inadequate communication. Good chiropractic software sends appointment reminders automatically and allows patients adequate time to cancel so you can fill their slots and reschedule their appointment.

Better Patient Care

Positive patient experiences generate word-of-mouth referrals that are crucial to expanding your practice. When you wear two hats, as a practitioner and small business owner, the demands of the business may affect how you execute patient treatments, even if you don’t realize it.

Once you have confidence in your chiropractic management software, you can focus on your patients. Even if that means just spending a few more minutes with each person, it can make a huge difference in the way a patient feels about your practice.

With first-rate chiropractic practice management software, you’re able to do what you set out to do in the first place — caring for patients. You’re no longer in danger of losing patients to competitors because of inadequate software. Fewer distractions equal better patient satisfaction, and that’s the kind of word that gets around.

Choosing the Right Chiropractic Practice Management Software

When choosing chiropractic practice management software, consider several factors, like customer reviews, testimonials, and recommendations. Also, don’t be afraid to ask questions about the software when speaking to a company’s representatives.

using a tablet

Explore Reviews, Testimonials, and Recommendations

You want a company with a good track record. Don’t just take a salesperson’s word for how their chiropractic practice management software will transform your practice and increase your profits. Validate these claims with other practitioners who can give you firsthand information about how the software has improved their business.

Ask other chiropractors who have used the software the following questions:

  • What do they like, and what, if anything, needs improvement in the software?
  • What downsides or unexpected obstacles have they encountered?
  • Does their staff like the software, and have they mentioned what in particular works well or doesn’t?
  • What kind of feedback have they received from patients as to scheduling and billing?

Real-world answers are critical when you’re making a choice on such an integral part of your practice. What you want to hear is that with this particular software, they would make the same choice again. An affirmative answer, especially when it’s enthusiastic, indicates a practice management system worth considering.

Ask About Automated Features and Integration

When choosing a chiropractic practice management software system, look at how the software deals with billing and invoicing, appointment scheduling, and reminders and compliance issues. The last thing you want is an audit, but the right chiropractic practice management software automates compliance and minimizes the chances of an audit occurring.

Have a list of questions prepared, and make sure the company’s representative answers each of them to your satisfaction. If the representative isn’t sure about something, the person should get back to you with an answer within 24 hours.

You want a chiropractic software system with good, reliable customer service. If your questions aren’t answered promptly when you are considering such a major purchase, that’s a red flag. Questions your staff have once the software is installed may not receive answers in a timely manner, adversely impacting your bottom line, patient satisfaction, and staff morale.

See Why ChiroTouch Is the Best Chiropractic Practice Management Software

ChiroTouch’s practice management software is the standard in chiropractic practice management software. The system provides chiropractors with every tool they need to run an efficient, effective practice. Here’s how we do it.

Legacy. You can count on ChiroTouch’s industry expertise to support your practice’s everyday operations. ChiroTouch has over 20 years of experience helping chiropractic practices boost efficacy and profitability. We are the most referred chiropractic EHR software in the industry with the most loyal customers.

Cloud capability. With ChiroTouch’s cloud capabilities, you can access your practice management software from anywhere, anytime, on any device. All changes you make are securely backed up in real time.

Complete integration. With a fully integrated practice management solution, all functions of running a chiropractic office work seamlessly together. All data is accessible across the system with a single sign-on, eliminating the need for multiple vendors while improving efficiency for providers and staff.

Continuous innovation. ChiroTouch empowers your practice to improve cash flow and patient care. Building upon new technologies, such as integrated credit card processing and end-to-end electronic claims management, you simplify your administrative tasks and provide a better patient experience

From the minute the patient walks in the door until they leave, our chiropractic practice management software enables patients to have the smoothest experience possible. When communication is enhanced between patients and your staff, you’ll notice improved workflow, increased patient satisfaction, and increased revenue.

To discover additional features and benefits of using ChiroTouch’s chiropractic EHR practice management software to boost profits at your practice, download our free eBook, Benefits of a Completely Integrated Chiropractic EHR Software.

benefits of completely integrated chiropractic ehr software

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