Declining Profits for HMOs
"This was the second year of declining profits after six years of steady profit growth. The reason is health care expenses went up, but HMOs were unable to raise premiums accordingly due to increasing competition in the managed care industry. This means that, in order to avoid further profit declines, HMOs are now under pressure to raise rates, cut medical services or both."
-- Martin Weiss, chairman of Weiss Rating Inc. as quoted by AOL News on August 4, 1997.
"Some elements of the medical industry remain constant, however. Pediatricians will continue to use lollipops as tongue-depressors and some old jokes regarding the profession will remain timely. The emblem of the profession will continue to be the caduceus, which PhDs describe as the staff of Aesculapius. MDs, on the other hand, will continue to see it as two lawyers dancing around a Maypole."
What's Up, Doc. Direct: the Magazine of Direct Marketing Management, May 15, 1997.
When sports chiropractors first appeared at the Olympic Games in the 1980s, it was alongside individual athletes who had experienced the benefits of chiropractic care in their training and recovery processes at home. Fast forward to Paris 2024, where chiropractic care was available in the polyclinic for all athletes, and the attitude has now evolved to recognize that “every athlete deserves access to sports chiropractic."
It is estimated that 61% of patients with CTS avoid taking surgical options due to postoperative complications and costly surgical procedures. Chiropractic care offers a comprehensive and effective treatment for carpal tunnel syndrome, addressing the condition from multiple angles. Recent studies also have unveiled a game-changing adjunct to chiropractic treatments for CTS: nerve flossing.
Some doctors thrive in a personality-based clinic and have a loyal following no matter what services or equipment they offer, but for most chiropractic offices who are trying to grow and expand, new equipment purchases help us stay relevant and continue to service our client base in the best, most up-to-date manner possible. So, regarding equipment purchasing: should you lease, get a bank loan, or pay cash?
