The U.S. Department of Health and Human Services is in the process of developing a new Medicare fee schedule. This fee schedule will be based on the Resource-Based Relative Value Scale developed by Dr. William Hsiao of Harvard University. (Be watching future issues of "DC" for a clearer understanding of this revised scale.) The same scale will be used for all health care physicians according to their work relative value units.
The resource costs of each health care physician category is to be defined by the total of three components or relative value units. These components are: overhead costs, malpractice costs, and work costs (work relative value units). The work relative value unit is defined as your income, less your overhead and malpractice expenses. Every health care physician specialty is being asked to provide the Department of Health and Human Services (HHS) with information regarding these three components in order to be included in the proposed new rule.
Charles R. Booth, the director of the Office of Payment Policy for the Bureau of Policy Development, HHS has asked the chiropractic profession to provide them with the information necessary to allow chiropractic to be included in this process. Dynamic Chiropractic has been chosen to distribute the necessary survey and collect the information.
THIS WILL AFFECT HOW YOU ARE PAID BY MEDICARE!!!
When sports chiropractors first appeared at the Olympic Games in the 1980s, it was alongside individual athletes who had experienced the benefits of chiropractic care in their training and recovery processes at home. Fast forward to Paris 2024, where chiropractic care was available in the polyclinic for all athletes, and the attitude has now evolved to recognize that “every athlete deserves access to sports chiropractic."
It is estimated that 61% of patients with CTS avoid taking surgical options due to postoperative complications and costly surgical procedures. Chiropractic care offers a comprehensive and effective treatment for carpal tunnel syndrome, addressing the condition from multiple angles. Recent studies also have unveiled a game-changing adjunct to chiropractic treatments for CTS: nerve flossing.
Some doctors thrive in a personality-based clinic and have a loyal following no matter what services or equipment they offer, but for most chiropractic offices who are trying to grow and expand, new equipment purchases help us stay relevant and continue to service our client base in the best, most up-to-date manner possible. So, regarding equipment purchasing: should you lease, get a bank loan, or pay cash?
