Chiropractic Care Plans: Create Recurring Cash Revenue

Chiropractic care plans create recurring revenue and set the tone for patient treatment. While a chiropractic practice can be rewarding, there are also plenty of frustrations.

• Dealing with insurance companies
• Patient no-shows
• Inconsistent revenue and cash flow

Lack of financing and cash flow are the main reasons that businesses fail, so building a steady recurring base of revenue that you can count on is essential to building a successful practice for the long term.

The Benefits of Chiropractic Care Plans

Chiropractic care plans provide various benefits for patients and chiropractic practices.

For Patients

When patients commit to a chiropractic care plan, they are more likely to follow the course of treatment over a longer period. By measuring progress against established goals, patients are also more likely to recognize the benefits of continuing treatments even after their pain has been relieved.

By continuing maintenance care after short-term goals are achieved, studies show that patients have better outcomes for long-term health. Patients may also see discounted rates for committing to a chiropractic care plan, which lowers their overall cost.

For Chiropractors

Chiropractic care plans keep patients committed and coming back. This helps develop a habit of wellness care and enhances patient loyalty.

Patients on long-term care plans often form close relationships with their doctors, which in turn, helps keep them coming in for treatments and may lead to additional referrals.

Care plans provide a recurring revenue stream and a more consistent cash flow. For cash practices, care plans also avoid the headaches of filing and chasing insurance claims.

Ways That Chiropractic Care Plans Create Recurring Revenue

When you move patients from appointments to long-term care plans, it creates recurring revenue that you can count on. This helps you better forecast cash flow in a predictable manner.

Long-term care plans also provide mechanisms that enable you to get paid sooner and more consistently. For example, you can ask for upfront payments, monthly payments, or level-billing across the term of a care plan.

By front-loading payments, there is less worry about whether patients will follow through. Once patients have paid, they are also more likely to keep appointments, which leads to better outcomes.

Patients and chiropractors can focus more on treatment outcomes than billing and payments.

Best Practices for Chiropractic Care Plans

Chiropractors should employ industry best practices to effectively manage patient care plans. This includes defining the plan, demonstrating value, educating patients, and explaining the long-term health benefits.

Define the Care Plan

It starts by clearly defining the care plan, costs, and payment structure so patients have an understanding of what is being proposed and how they benefit. Your care plan should include a breakdown of the value that they are receiving, especially if you are offering a discount for patient commitment to a care plan or advance payments.

Educate Patients

You should also take the time to educate patients on the overall benefits of chiropractic care and how the chiropractic care plan works, including both the short-term and long-term health benefits.

• Short-term benefits: reducing pain and restoring joint function and muscle balance
• Long-term benefits: restoring functional independence, return to normal activities, and wellness

Many patients stop going to their chiropractor once they resolve their short-term concerns and get pain relief or restored motion. To ensure that your chiropractic care plans create recurring revenue, you need to emphasize the health benefits of the long-term plan to keep patients coming back.

Benefits include:

• Improved quality of life
• Pain relief and prevention
• Chronic pain management
• Wellness

You should also explain the ancillary financial benefits that result from a care plan, such as reducing prescription costs, doctor visits, and hospitalizations.

Make Payments Simple

Every time that a patient has to reach into their purse or pocket to pay you, it’s a reminder of the cost. You can lessen the impact of this reminder by implementing automation for recurring payments, monthly billing, and autopay. This enables patients and doctors to focus on patient health and progress without worrying about payments.

Make Chiropractic Care Plans Easy

Practices also need a simple way to create care plans, track patient progress, and handle billing, payments, and reconciliation. An electronic health record (EHR) practice management software, such as ChiroSpring, can create a seamless workflow that makes practice management simple.

Comprehensive EHR Practice Management Software

ChiroSpring provides comprehensive EHR practice management software that automates and centralizes the creation and administration of care plans and billing to save you time and improve profitability. Chiropractic care plans create recurring revenue. CHIROSPRING makes it easy.

ChiroSpring is an all-in-one practice management and EHR system built specifically for chiropractors to help them regain face-time with patients, spend less time on back-office tasks, maintain a limited staff, and save operational costs.

To see how ChiroSpring can help you simplify how you manage your practice, reach out to one of our specialists today!