July 19, 2018—For the 22nd year, Chiropractic Economics magazine is conducting its Annual Fees and Reimbursements Survey. This is a vital tool for gauging the health of the chiropractic profession and the strength of doctors’ practices. The magazine is the only firm that collects this nationwide data, analyzes the responses, then shares the results freely for the benefit of the nation’s DCs.
All readers will be notified by email, newsletters, and announcements on the website ChiroEco.com during the data collection period, which runs from July 20 to July 31. The editors recommend every practice participate. Other chiropractic associations and groups will be urging their members to reply as well, even if they aren’t magazine subscribers.
“The survey is so important, and it’s unique in that there’s no other organization that collects and shares this information,” says Daniel Sosnoski, editor in chief of Chiropractic Economics. “The U.S. Bureau of Labor Statistics uses our surveys in preparing its own outlook on the state of the chiropractic profession.”
Doctors of chiropractic in every state use the survey results when considering how their fee schedules compare to other practices both regionally and nationally. Consultants and industry analysts use the information when analyzing the market and building demographic profiles.
“And it’s more than a single snapshot in time,” Sosnoski says, “We have more than two decades’ worth of data in hand and report the last three years’ results at a time, so we—and our readers—can spot trends and make projections. It’s vital to have this knowledge when you’re running a business, and knowledge is power.”
As with all surveys, the larger the number of responses, the more statistically significant the data will be. The typical respondent will need approximately 12 minutes to complete the survey, and all responses are confidential. No data is shared with any outside party. Only the collected and averaged responses are presented.
“It’s a major undertaking for us, and we know that doctors and their staff are busy, so we thank all those who take the time to participate,” Sosnoski says. “At the same time, taking the survey is incredibly useful for participants, because as they collect the data, they get a good look at their practice metrics and can then make better strategic decisions.”
The results of the 22nd Annual Fees and Reimbursements Survey will be published in Issue 16 of Chiropractic Economics, which mails to readers on October 9, 2018.
Click here to take the survey, and you can enter to win one of five Fire TV sticks.
Source: Chiropractic Economics