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.
Growth of Managed Care
Managed care enrollment in the United States is growing at an unprecedented rate. The number of Americans enrolled in preferred provider organizations (PPOs) increased by more than 32 percent in 1993. The number enrolled in health maintenance organizations (HMOs) increased by over 9 percent.
HMOs
1992 -- 38.8 million enrollees
1993 -- 42.3 million enrollees
PPOs
1992 -- 58 million eligible enrollees
1993 -- 76.6 million eligible enrollees
SOURCE: 1. InterStudy
2. American Association of PPOs