• Magazine
    • Past Issues
    • Subscribe
    • Change Mailing Address
    • Surveys
    • Guidelines for Authors
    • Editorial Calendar
    • Editorial Deadlines
  • Practice
    • Business Tips
    • Chiropractic Schools
    • Clinical & Technique
    • eBooks
    • eCourses
    • Infographics
    • Quizzes
    • Wellness & Nutrition
    • Personal Growth
    • Podcast
  • Resource Centers
  • Products & Services
    • Buyer’s Guide
    • Products Directory
    • Submit a Product
    • Vendor Login
  • Datebook
    • Become an Events Poster
    • Post an Event
    • View Events
  • Jobs
    • Jobs
    • Post a Job
  • Advertise
    • Advertising Information
    • Media Kit
    • Contact Us
    • Upload Advertising

Your Online Chiropractic Community

Chiropractic Economics Your Online Chiropractic Community
Subscribe
  • Home
  • Current Issue
  • News
  • Webinars
  • Chiropractic Research
  • Students
  • Coronavirus (COVID-19)

It’s a great time to be a chiropractor

Student DC March 19, 2019

ThinkstockPhotos-450800319

Chiropractic practices and other healthcare practices are listed as the fifth most profitable type of business by Forbes Magazine. The magazine used “average pre-tax margin” as its benchmark, stating that chiropractic practices have an average pre-tax margin of 17.5 percent. The article also stated that chiropractors have the advantage of working outside the health insurance/HMO environment and collecting directly from patients, adding to their profit-making potential.

See Forbes “In Pictures: The 10 Most Profitable Businesses to Start.”

What does “average pre-tax margin” mean? Pre-tax margin is defined as net profit before taxes divided by net sales. For example: If a practice has a pre-tax profit of 17.5 percent and an annual gross collections of $200,000 should have a profit of $35,000. This profit amount includes salaries and benefits of owner-employees and all other business expenses. Contrast this margin with that of accountants (most profitable at 20.5 percent) and bakeries (one of the least profitable at -0.9 percent).

What is the mean (average) total compensation for chiropractors? Find out from the Chiropractic Economics salary and expense survey.

Related Posts

  • Metagenics launches PhytoMulti capsulesMetagenics launches PhytoMulti capsules
  • Free time can be rare for a DC. Make the most of itFree time can be rare for a DC. Make the most of it
  • Health WorldNet launches health entertainment networkHealth WorldNet launches health entertainment network
  • Brad McKechnie, DC, resigns as president of Texas Chiropractic CollegeBrad McKechnie, DC, resigns as president of Texas Chiropractic College
  • Multi Radiance Medical moves to new headquartersMulti Radiance Medical moves to new headquarters
  • Advertising technique for a small business

Filed Under: Financial Preparation, Student DC

Current Issue

Follow Us

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube logoYouTube logoYouTube

3948 3rd Street South #279,

Jacksonville Beach, FL 32250

Phone 904.285.6020

CONTACT US »

Privacy Policy & Terms of Service

Copyright © 2021, All Rights Reserved

SUBSCRIBE TO THE MAGAZINE

Get Chiropractic Economics magazine
delivered to your home or office. Just
fill out our form to request your FREE
subscription for 20 issues a year,
including two annual Buyers Guides.

SUBSCRIBE NOW »

Latest Chiropractic News

  • WFC, Parker University team to offer free Masters chiropractor scholarship
  • Life University awarded by Association of Chiropractic Colleges
    LIFE University logo
  • Parker University announces new virtual reality for chiropractic students
    Parker University logo