Software Addresses Practice Workflow Issues
Ready to Order? Is Dr. Ben ready to take the plunge on practice management software? “I don’t get it.” Carmen gazed at her husband across the table. “You find this software — what’s it called?” “Genesis.” Ben looked up from the menu. “Genesis, which will simplify your workflow, let Pam do her job better, and free up your time to concentrate on the patients, which is what you really care about — and you don’t buy it. “I haven’t bought it yet,” Ben corrected her. “I think the decision’s pretty much made.” “It has a dashboard, right? I know that was something that you wanted in your practice management software.” “It does. It’s awesome, too — easy access current practice stats, month to date daily progress, all the patient information, and then it’s easy to get from the data to the actions the team needs to take.” “From what you’ve told me about it, it seems as though Vericle really empowers the staff. They get to see their importance as partners in patient care.” “That’s what the Vericle people tell us.” Carmen nodded. “I’ve seen the difference it makes when your team really feels like a team. You might think you’re giving away some of the power, but giving people responsibility and accountability and making sure everyone understands his or her place in the mission of your business — it’s amazing how much difference that makes.” “I believe you,” Ben said, “and it’s certainly not a question of worrying about giving away power.” “What is it then?” Carmen leaned forward. “What’s keeping you from taking that step?” “There are costs involved,” Ben said, “and change, and I’ve gotten a lot of pushback from some of the partners.” “Tools cost money,” Carmen agreed, “but they’re an investment in your business. They pay off in the long run, if you choose the right tools. In this case, it seems like you’d see an increase in productivity.” “Maybe,” said Ben, his eyes back on the menu. “But what if it doesn’t work?” “What if it does — and you don’t try it?” Carmen waited for Ben to look up at her. “If you’re going to do it eventually and you expect it to have a positive ROI, waiting just means you’re losing money and opportunity until you take action.” Ben thought about how much he’d already learned from the people at Genesis Chiropractic, and the changes he had already made in his practice — and the benefits he’d already seen. Why was he still waiting? “You’re right,” he said. “I’ll call them this afternoon.” “If it doesn’t work out, you can blame me,” said Carmen, “but I think Pam will be calling to thank me for helping you make the decision.” The waitress appeared. “Hi, folks. I didn’t want to interrupt that intense conversation, but it looks like you’ve solved the problems of the world, so maybe you’d like to order now?” “Maybe not all the problems of the world,” Ben laughed, “but enough that we can concentrate on lunch.” Is Dr. Ben ready to take the plunge on practice management software? Disclaimer: For HIPAA compliance, all characters appearing in this post are fictitious. Any resemblance to actual persons or actual events is purely coincidental.
Software Addresses Practice Workflow Issues
Ready to Order? Is Dr. Ben ready to take the plunge on practice management software? “I don’t get it.” Carmen gazed at her husband across the table. “You find this software — what’s it called?” “Genesis.” Ben looked up from the menu. “Genesis, which will simplify your workflow, let Pam do her job better, and free up your time to concentrate on the patients, which is what you really care about — and you don’t buy it. “I haven’t bought it yet,” Ben corrected her. “I think the decision’s pretty much made.” “It has a dashboard, right? I know that was something that you wanted in your practice management software.” “It does. It’s awesome, too — easy access current practice stats, month to date daily progress, all the patient information, and then it’s easy to get from the data to the actions the team needs to take.” “From what you’ve told me about it, it seems as though Vericle really empowers the staff. They get to see their importance as partners in patient care.” “That’s what the Vericle people tell us.” Carmen nodded. “I’ve seen the difference it makes when your team really feels like a team. You might think you’re giving away some of the power, but giving people responsibility and accountability and making sure everyone understands his or her place in the mission of your business — it’s amazing how much difference that makes.” “I believe you,” Ben said, “and it’s certainly not a question of worrying about giving away power.” “What is it then?” Carmen leaned forward. “What’s keeping you from taking that step?” “There are costs involved,” Ben said, “and change, and I’ve gotten a lot of pushback from some of the partners.” “Tools cost money,” Carmen agreed, “but they’re an investment in your business. They pay off in the long run, if you choose the right tools. In this case, it seems like you’d see an increase in productivity.” “Maybe,” said Ben, his eyes back on the menu. “But what if it doesn’t work?” “What if it does — and you don’t try it?” Carmen waited for Ben to look up at her. “If you’re going to do it eventually and you expect it to have a positive ROI, waiting just means you’re losing money and opportunity until you take action.” Ben thought about how much he’d already learned from the people at Genesis Chiropractic, and the changes he had already made in his practice — and the benefits he’d already seen. Why was he still waiting? “You’re right,” he said. “I’ll call them this afternoon.” “If it doesn’t work out, you can blame me,” said Carmen, “but I think Pam will be calling to thank me for helping you make the decision.” The waitress appeared. “Hi, folks. I didn’t want to interrupt that intense conversation, but it looks like you’ve solved the problems of the world, so maybe you’d like to order now?” “Maybe not all the problems of the world,” Ben laughed, “but enough that we can concentrate on lunch.” Is Dr. Ben ready to take the plunge on practice management software?
Check Out These New Network Members July 2014
One hundred fourteen new members across 68 practices joined Genesis Chiropractic Software and Billing Network in July 2014! Congratulations! There is strength in numbers due to the shared knowledge – we call it the “Billing Network Effect,” as the billing performance of each member practice improves in step with the total volume of processed claims. Please welcome our new Genesis network members: Sierra Byers of Absolute Health LLC, Scottsdale, AZ. Nina Rodgers of Action Chiropractic, LLC, Steamboat Springs, CO. Carri Moore of Advanced Chiropractic, Yuba City, CA. Alexa Desjarlais, Riley Klassen, Kim Lacoursiere, Miria Mattucci, Crystal McDonald and Dustin Whitney all of Alberta Preventative Health Services, Calgary, AB, Canada. Mary Damico of Aliante Chiropractic & Integrated Health, LLC, Las Vegas, NV. Josh Knotts of Align Health And Wellness, LLC, Brentwood, TN. Tammy Stang of Aligned Chiropractic Corporation, Kelowna, BC, Canada. Vicki Gutierrez of All About Chiropractic, Madison, WI. Rachel Kasdras of All Health Chiropractic Center Inc., Royersford, PA. Tonya Cota of Apex Chiropractic, LLC, Eau Claire, WI. Jennifer Dewitt of Back To Health Chiropractic And Wellness, Winona, MN. Quincy Knovak of Benchmark Medical Group, Inc., Windsor, CO. Sue Lefevre of Bold City Chiropractic, Jacksonville, FL. Karie Mabe of Brittian Chiropractic Center, PLLC, Winston Salem, NC. Holly Penna, Nikki Thompson, Samantha Ward of Dr. Glen R. Burford DC, Collierville, TN. Steve Bucci and Melissa Kahn of Camp Chiropractic, Inc., Middletown, DE. Kimberly Flores-Morales of Carolina Chiropractic Of Charlotte, LLC, Charlotte, NC. Janice Demers and Suzanne Demers of Carrollwood Family Chiropractic, Tampa, FL. Michelle Graham of Cascade Family Chiropractic, Colorado Springs, CO. Helen Bonilla and Janelle Cohen of Central Jersey Spine & Wellness, LLC, Freehold, NJ. Emily Hackett, Tracy Oppenheim, Jamie Pier, Lindsay Sison and Kristen Witham all of Chiropractic Works, Oakland, NJ. Cayla Sondrol of Clairton Family Chiropractic, Fort Worth, TX. Tiffany Bartram of Cornerstone Chiropractic, Charlotte, NC. Leiah Castillo of Elite Family Chiropractic, Charleston, SC. Amanda Aurich of Essential Care Family Chiropractic, Chesapeake, VA. Jenna Gall and Marcus Gall of Essential Family Chiropractic, Brighton, CO. Missy Trent of Family Healing Chiropractic, Charlotte, NC. Rosa Sanchez-Setticase of Fort Bend Corrective Health Center, Missouri City, TX. Ashley Epkes of Great River Family Chiropractic, Moline, IL. David Schlussel of Dr. Matthew Stuart Green D.C., Oakland, CA. Jessica Hofling of Greenleaf Chiropractic, LLC, Wichita, KS. Aubrey King of Greenwood Family Chiropractic, Greenwood, IN. Chris Lewis and Eric Roger Walker of Gulph Mills Chiropractic Center, King Of Prussia, PA. Janice Dunphy of Hawk Nation Chiropractic, Manchester, IA. Shelia Carey of Holland Family Chiropractic Center, PC, Richmond, VA. Victoria Farrell of Hubbardston Family Chiropractic, Hubbardston, MD. Erica Cash of Innerlink Chiropractic, Wixom, MI. Kristen Infantolino of Integrated Chiropractic, Chattanooga, TN. Kristen Tolmie of Kratz Family Chiropractic, Stoughton, WI. Meaghan Fabrycki and Ashley Lamoureux of Livingood Family Chiropractic, Cary, NC. Kelsey Sitzmann of Rohe Chiropractic Prof, LLC DBA Inspired Chiropractic, Sioux Falls, SD. Bernadette and Tara Hoopmann of King Family Chiropractic, Cape Coral, FL. Rebecca Gardner, Dan Laux, Dr. Jonathan Laux, Kathy Laux, Sue Koester, Chelsea Scoby, Lynette Spencer and Mike Wang all of Jonathan D. Laux, DC, Lima, OH. Dustin EJ Critcher of Lifestrength Family Chiropractic, PLLC, Naples, FL. Venetia Hayes of Louis C. Hilliard,DC, Smyrna, GA. Gwen Calderon of Maryland Chiropractic, Silver Spring, MD. Kim Williams of Maximized Living Foundation, Inc., Los Angeles, CA. Stacy Ackley, Courtney Bowers, Dr. Matt Hennessy, Leanne Jones, Dr. Mark Mccullough and Allison Osborne all of McCullough Family Chiropractic, Battle Creek, MI. Paige Wolfe of NCV, PLLC, Shelburne, VT. Amanda Hybner of Oak Hills Chiropractic, San Antonio, TX. Kathryn Gray of O’Dell Family Chiropractic PC, Webster, NY. Alejandra Barrientos of Optimum Spine And Health Clinics, PC, Salt Lake City, UT. Shanice Bell of Pacific Spine & Joint Medical Group, Inc., Daly City, CA. Jamil Abdur-Raoof, Bakari Dark and Dr. Harry Derr all of Paris Chiropractic, Rockville, MD. Melissa Klein and Joshua Poole of Planet Chiropractic, Douglasville, GA. Dr. Kevin Plummer of Pure Life Chiropractic, LLC, Eugene, OR. Kelli Tedder of Pure Life Chiropractic, P.C. – Dr. Johnathan Davis, Florence, SC. Anne Leiker of Shuemake Family Chiropractic, Centennial, CO. Stephanie Roloson of Symmetry Spine and Wellness Center, Alameda, CA. Lacey H. of The Health Factory PLLC, Knoxville, TN. Amy Pedretti of Three Rivers Chiropractic, Onalaska, WI. Aaron Bebee, Alexa Boyce, Becky Clark, Garry Jawanda, Courtney Jegla, Sarah Little, Tory Paulson, Ian Quartermus, Amy Wirth, Cara Wirth, Monica Wohlfert and Ryan Wohlfert all of Total Health Chiropractic, Lansing, MI. Andrea Faulkner of United Chiropractic, Myrtle Beach, SC. Katie Korin of Vital Energy Chiropractic, Helena, MT. Julieann Van Cleve of Michael A Winters, DC, Paducah, KY. Amy Hamlin of Woodbury Family Chiropractic, Woodbury, MN. Pamela Belmonte of Woodland Family Chiropractic, LLC, Kentwood, MI. Kelsey Hughes and Michelle Magana of Zenaptic Chiropractic, Vancouver, WA.
What Business Owners Should Prepare for in the Current Political Environment
Do Business Owners overpay taxes? by Brett Sellers, CPA with Garrett Gunderson We find that 93 percent of business owners are overpaying on their taxes, yet 100 percent say they don’t prefer overpaying them. Plus many are concerned or even afraid about the changes and current tax environment. So with so much talk now about an impending “financial eclipse.” I’m no prophet, but it doesn’t take divine revelation to know that our current situation is tough for business owners, and it will likely get worse. President Obama has defined the wealthy individuals with incomes over $200,000 and married couples with incomes over $250,000. Although he campaigned on not raising taxes on middle class, he wants to increase the taxes on taxpayers earning above those amounts. He wants to reinstate the 36 and 39.6 income tax rates on high-income earners. He is also pushing to increase the capital gains tax rate from 15 percent to 20 percent, and a dividend rate raise from 15 percent to at least 36 percent. So what can you do about it? The best advice I could give any business owner isn’t technical or legal—it’s mental and philosophical. Your decision to increase your productivity will impact your business and net worth far more than any technical advice I could give you. Tax rates will likely go up. Nothing we can do about that. What we can do is increase our production to offset the tax increase. The antidote of a 5 percent tax increase is to increase production by 10 percent. Someone once wisely said, “You’ll never go broke paying taxes.” If you’re not paying taxes, it means you’re not making any money. If you pay more in taxes, it means you’re making more money. So don’t let your attitude and actions be dictated by doomsayers. Don’t be frozen in fear or frustration. Be proactive and productive. Concern yourself less with technical tax code and more with growing your business. Having said that, I’ll also stress that the current environment makes tax planning even more important than ever. If your car insurance rates go up, it becomes important to consider your policies. Likewise, if your tax rates go up, the benefit of tax planning is exponentially higher than it was before. More diligent planning is a vital strategy for dealing with increased tax rates. If your tax rate goes up by 5 percent but you can find 5 percent more in deductions by better planning, you’d be in about the same place. Truthfully, there are no real opportunities to be harnessed now. The best you can do is to mitigate damage by hiring a good tax planner. But, while you’re working on finding more reductions, remember that your best bet is to increase your production. If this philosophy is congruent and you want to know specific strategies, check out the upcoming Curriculum for Wealth where Garrett will interview Brett and get straight to strategy to put money in your pocket. Don’t be part of the 93 percent overpaying tax, find money without having to work harder, hire more people or lose any more sleep. http://www.freedomfasttrack.com/cfw Brett Sellers is a licensed CPA at Stewart, Archibald, and Barney, LLP in Las Vegas, Nevada. He has worked with business owners for more than twenty years. Brett feels strongly that a business cannot achieve long-term success without accurate financial data and a constant measuring of the key activities of the business.
