It’s a new year and many chiropractors are evaluating what will enhance their respective practices, particularly as it relates to their bottom line. One of the most common questions I get is: “Do I need to be credentialed to bill insurance, and what are the best plans to join?” It’s a loaded question – but one every DC ponders. Whether you're already in-network or pondering whether to join, here's what you need to know.
Managed Satisfaction
While Health Maintenance Organizations (HMOs) may not be popular with health care providers, consumers often prefer them. A survey that queried 10,000 consumers found the following percentages completely or very satisfied:
Health Plan Satisfaction
HMOs - 63.6%
PPOs - 50.0%
Traditional Plans - 55.1%
Medicare Only - 40.7%
Percentage of consumers completely satisfied or very satisfied with their health plan.
SOURCE: National Research Corp. survey.