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?
An Extra Year to Get Ready for ICD-10
Kathleen Sebelius, secretary of the Department of Health and Human Services (HHS), has announced a proposed rule that would delay the compliance deadline for implementation / use of International Classification of Diseases, 10th Edition (ICD-10) diagnosis and procedure codes for a full year, from Oct. 1, 2013 to Oct. 1, 2014. The compliance delay is part of a larger proposed rule that also "simplifies the administrative process for providers by proposing that health plans have a unique identifier of a standard length and format to facilitate routine use in computer systems," according to the HHS. For additional information regarding the ICD-10 and compliance specifics, visit www.cms.gov and enter "ICD-10" in the search field.