Chiropractic is a supremely stable industry, expected to grow at 2.2% over the next five years. There are more than 10,000 students of chiropractic in the United States alone, and nearly 100,000 active doctors of chiropractic worldwide.
While the industry sees a constant flow of patients, doctors of chiropractic still struggle with various financial woes. Overall, practice profitability was a significant worry for doctors of chiropractic. The constant fight with insurance was listed as having a major impact on practice profitability — 43% of doctors expressed concern over receiving insurance reimbursements.
Nearly 25% of chiropractic doctors also cited a desire for more personal time as one of their chief concerns; however, only 1 in 5 chiropractic doctors wanted to improve their practice efficiency, a move that would almost certainly give them more free time and improve their practice profitability.
One of the best ways to make your practice more efficient? Outsourcing your chiropractic billing to the experts.
Give yourself more room to do what you do best. Find a medical biller and coder who understands chiropractic billing inside and out. Clinic Service has a ton of experience working with doctors of chiropractic, so we know how to maximize your revenue and free up your time to focus on your patients.
Contact us today to learn about how we can help you manage your cash flow.