Early in the week, the eighth, ninth, and tenth trimester
interns had a mandatory presentation to attend in Lombard from
NCMIC and an NUHS alumnus, Dr. John DeMatte. NCMIC is a malpractice
insurance company that specializes in covering the chiropractic
profession, and their motto is, "We Take Care of Our Own." The
presentation was beyond helpful.
At the beginning of the session, both the insurance
representative and Dr. DeMatte opened by asking what questions and
concerns we all had about insurance, business, our future
practices, and much more. They then tailored the presentation to
try to answer as many of those questions for us as they could. For
me, I have a list a mile long of questions about what I need to do
before I start, so having a chance to listen in a comfortable
setting and get those concerns addressed was so valuable.
Some great topics or suggestions were (and I am just going to
list because they covered so much!):
- When applying for loans, most large banks deny requests from
recent graduates due to their strict requirements. Best to go with
smaller local banks to apply for new business loans.
- Benefits of doing in-house billing -- keeps records and
doctor/patient relationship more personal.
- Are discounts for cash payments allowed? Still a very
grey line on whether or not they are OK. Some insurance companies
require that they are the lowest price as per their contract. It is
best to talk to other doctors in the area and see what is
acceptable per the insurance companies in the area.
- Problems with independent contractor relationships -- some
doctors looking to add an independent contractor to their practice
look at it as hiring an employee. In reality, a true independent
contractor relationship consists of two separate businesses.
- Importance of looking into demographics in the area where you
are looking to open a practice. If you are set on opening in a
specific area and you have a specific specialty you want to focus
on, make sure that the area makes the income and will come into the
office for those services.
- NCMIC website also has an "ask an expert" link where you can
ask questions about insurance, business, laws, or many other things
referring the chiropractic profession.
- What doctors are looking for when they are hiring a new
associate -- new techniques that they don't perform in the practice
that will bring in new patients and offer more treatment options
for current patients. Other big attributes during an interview --
honesty, confidence, and professionalism!
Overall, the entire presentation was super helpful and somewhat
stress relieving. The fact that you are in a room with 50
other soon-to-be graduates all feeling the same way, made me feel
like I am right where I need to be in terms of stress level for
what's to come post-graduation.
The Next Step
This marks my final blog as an NUHS student. I will soon walk
across a very important stage and start my career as a chiropractic
physician. That moment is going to be filled with so much
happiness, pride, excitement, fear, and anticipation. And that
moment is only a few short weeks away.
I have to say, when I was first approached to write this blog,
my first thought was, "No way, that's way out of my comfort zone."
But, when you are pushed outside your comfort zone, you grow as a
person. This blog has challenged me, let me express my feelings and
experiences, and I am so happy I didn't let my fears stop me from
doing it. Thank you for letting me share part of my life with you.
Thank you to those who read my blog week after week. Thank you for
the emails with questions, I loved to get them! And finally, thank
you to Marie Olbrysh and Victoria Sweeney for having the faith in
me and approaching me with this awesome opportunity. I am so glad I
This is me signing off. Good luck prospective and current
students! If you have further questions, want to hear about life
after chiropractic school, or need treatment for any aches and
pains, you can email me at firstname.lastname@example.org
or visit me in my practice at Progressive Chiropractic Wellness
Center in Lincoln Park, Chicago.