Calculating Profitability for Practice Success

Setting a reasonable fee schedule is key to the financial success of your practice. It should be simple to understand by patients and compliant with provider agreements and state and federal regulations. 

Of course, physicians want their offices to be profitable, but antitrust law prohibits competing doctors from agreeing on fixed prices, and state laws prohibit overcharging. However, for doctors attempting in good faith to determine what would amount to a reasonable fee for a particular service, there is very little information on how to find comparative pricing information by region or zip code. Many doctors are left to figure it out on their own. The result is that many chiropractors are leaving money on the table and missing out on revenue that can help grow their businesses.