How Patient Arbitration (PA) Saves You Big Money
One of the most amazing questions in the medical industry today is why chiropractic doctors are the only medical practitioners who don’t use Patient Arbitration. MDs, physiologists, dentists, druggists, hospitals, clinics, etc. and even veterinarians use PA. The answer is simple; their insurance companies didn’t require it until the 1990s and now they do. Most of our competitors still don’t use PA. Our company, National Chiropractic Council (NCC) and American Acupuncture Council (AAC) has been offering PA as an option with a big rate reduction for 35 years. Patient Arbitration keeps you out of extensive depositions, court trials, and avoids over the top jury awards. Lawyers hate PA as it eliminates quick settlements and deep pocket jury verdicts all of which make them rich but damages a doctor’s professional record. The biggest advantage PA is to a chiropractic doctor, is it significantly reduces their annual insurance costs.
As an insurance company PA reduces our legal expenses which Allied passes on to our clients in the form of significantly lower insurance rates. If you are sued we will interview you to get the facts and we will present your case to a court appointed arbitrator who understands the chiropractic and acupuncturist professions. Generally you avoid prolonged depositions, court trials requiring your testimony, and jury awards that can exceed your insurance limits. We don’t just settle a suit because it costs less then going to trial, leaving the doctor with malpractice claim on his record. We defend you and we win over 96% of our arbitration’s.
Does PA drive away new patients? The answer is no. The few people who refuse to sign a PA agreement are either personal injury attorneys or someone who is hoping you make a mistake and they get a quick settlement that pays for their next vacation to Cabo San Lucas or Hawaii. Our studies covering thousands of our insured chiropractors and acupuncturists tell us that less than 1% refuse to sign a PA agreement. Ask your self do you really want those people as patients?