It’s a new year and many chiropractors are evaluating what will enhance their respective practices, particularly as it relates to their bottom line. One of the most common questions I get is: “Do I need to be credentialed to bill insurance, and what are the best plans to join?” It’s a loaded question – but one every DC ponders. Whether you're already in-network or pondering whether to join, here's what you need to know.
I.Q. -- Interesting Quote
HMO Gorilla Poised to Dominate Market
The following quote from the American Medical News is further proof that HMOs are not only a reality for the chiropractic profession, but that they will become more and more prevalent in the future:
"If managed care was the health care industry's 800-pound gorilla in 1995, it's poised to dominate markets like King Kong during 1996.""HMOs dominate, shape the market," American Medical News, January 22/29, 1996."HMO enrollment is projected to near 65 million Americans this year -- up more than 25% from the 50 million members in health plans last January, according to a leading Wall Street analyst."