Numbers you'll need after graduation
Students - are you ready for post graduation?
During school, you'll be focused on evaluating and treating patients. But there's so much more to know before you graduate! It's important that you are diligent in those studies, too, and to find out what it takes to begin practicing.
Here are a few things that I consider the basics for starting up in practice:
- insurance panels
- NPI numbers
- health insurance claim forms
Ahh,insurance. In my opinion dealing with insurance companies will be necessary for most, if not all future D.C's. If you have plans to run a cash practice (and not see Medicare patients), great, but you'll still want to read further just in case your plans change. If you see yourself participating in any insurance panels here are some things to consider:
- Don't wait until the last second. Start getting information on the major insurances you will need to participate in for your area. Asking other doctors in your area or your state association. Be sure to look into non-participating and participating benefits - you don't have to be a participating provider to see patients with a certain insurance, just know ahead of time how the benefits will differ.
- Every practicing DC must obtain a national provider identifier or NPI. You can do this as a student at https://nppes.cms.hhs.gov. Make sure you remember your used ID and password! Also remember that if you will be forming a separate entity (LLC, corp., etc) you will need an additional group NPI. You will use these numbers for communicating with insurance and malpractice companies - they are a necessity!
- Another important number in your future is the Tax Identification Number or Employee Identification Number (TIN or EIN). When planning for my practice, I consulted a lawyer to help decide what entity would best suit my future practice. For reasons too many to mention, he recommended an S Corporation also called Professional Corporation (PC). He also filed for my TIN. This was a help because I knew things were getting done properly. I do believe in keeping things simple but this whole process was fairly painless and in the best interest of my practice.
- Learn how to accurately complete the Health Insurance Claim Forms. This was very new to me. This form is necessary if you plan on submitting claims to insurance companies by mail. This form has to be filled out with precision or you will be denied until it is filled out correctly. You can go online to find out the proper way to fill this form out or call the third party payor directly. But beware, not all representatives from the third party know what they are talking about when it comes to filling out the HICF form properly. Submitting claims electronically is not hard and there are many benefits for doing this. If you take only one thing from this blog, I recommend becoming well-versed ins submissions of electronic claims and electronic funds transfer (EFT).
Ask around, don't be afraid to ask for help. And if you get an opportunity to shadow a chiropractor, ask to see how billing works in his/her office. A little work now will go a long way.











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