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.
Chiropractic, Health Care Job Market Predicted to Grow Dramatically
According to the U.S. Bureau of Labor Statistics latest 10-year job projections for professional industries, jobs in chiropractic will increase by 28 percent by 2020, a rapid growth rate during that time frame compared to many other professions. (The average predicted growth rate from 2010-2020, according to the bureau, is 14 percent.) Published in the bureau's 2012-2013 Occupational Outlook Handbook, findings represent the percent change in employment predicted to occur; for the chiropractic profession that means an expected increase of 14,900 jobs.
Overall, health care jobs dominated the top 20 predicted growth positions, led by personal care aids (#1; 70 percent predicted growth rate by 2020) and home care aids (#2; 69 percent predicted growth rate). Other health care occupations in the top 20 include biomedical engineers (#3; 62 percent), veterinary technologists and technicians (#6; 62 percent), diagnostic medical sonographers (#11; 44 percent), occupational therapy assistants (#12; 43 percent), and medical secretaries (#16; 41 percent).
Additionally, physical therapy jobs are predicted to increase by an even greater percentage than chiropractic by 2020, according to the Handbook, including careers as physical therapists (#20; 39 percent), physical therapist aids (#8; 43 percent) and physical therapist assistants (#13; 46 percent).