TECH 2701 2005 Chiro Econ Survey

TECH 2701 2005 Chiro Econ Survey - SPECIALreport 8th Annual...

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2 0 C H I R O P R A C T I C E C O N O M I C S W W W . C H I R O E C O . C O M V O L 5 1 : I S S U E 6 • A P R I L 2 9 , 2 0 0 5 SPECIAL report 8th Annual Salary and Expense Survey Measuring personal and professional progress B Y L I N D A S E G A L L I t’s not news to you: Chiropractic is a great career. It offers you personal satisfaction in helping others while providing you the opportunity for economic gain. According to Fast Company , chiropractic ranks fourth in the magazine’s top 25 careers in America, as judged by job growth and salary potential. (See “ Fast Company ranks chiropractic No. 4 job, Vol. 51, Issue 4, p. 8.) For the eighth consecutive year, Chiropractic Economics set out to measure if and how chiropractic is growing and changing, from the perspective of the individual practitioner. Our survey asked questions about practice demographics, income sources, billings, collections and expenses. Our goal in conducting the annual salary and expense survey was to gather, analyze and provide information that would help you make decisions about running your practice. We invited subscribers to the magazine and ChiroEcoNewsflash.com, as well as individuals from chiropractic associations and other sources, to complete the survey. We’ve taken the information they provided and have tried to answer questions we hear every day, such as: • “Which is better — practicing as a solo practitioner or in a group?” • “How much does a typical chiropractor earn?” • “How much does it cost to run a typical practice?” • “Which services and products do most chiropractors offer their patients?” As we looked at the data you provided in your survey responses, we were able to come up with the answers to these questions — and more. You will find the answers to on the following pages. We’d like to thank everyone who participated in this survey. The time you spent completing the form helps serve as a benchmark for you and others as you set your personal and professional goals for growth and development. Linda Segall is editor-in-chief of Chiropractic Economics. She can be reached by e-mail at [email protected] In February 2005, Chiropractic Economics asked chiropractors to complete a confidential Web-based survey on salaries and expenses.The invitation was extended by e-mail to practicing chiropractors or their designated assistants through lists provided by Chiropractic Economics , the American Chiropractic Association, International Chiropractors Association, Association of New Jersey Chiropractors, Pennsylvania Chiropractic Association, Chiropractic Marketing Solutions and Chiroview Presents. Respondents were also encouraged to pass the invitation on to other colleagues to complete. • Respondents. A total of 494 individuals completed the survey.
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