Oversupply of Chiropractors and Reduced Income Impact California

Based upon an August 2010 study of California chiropractors, 20 to 25% are leaving practice within ten years of graduation. The authors believe that an oversupply of chiropractors and decreased income are two of the many factors that contribute to the exodus. From 1970 to 1998 there was an increase in the number of active California licenses from 4,274 to 11,637. Supporting the oversupply issue the authors note that “The 170% growth rate in chiropractors during the study far exceeds the 65.1% increase in residential population.”

Source: ChiroACCESS

The full article can be found here: Oversupply of Chiropractors and Reduced Income Impact California

Please use this thread to discuss this publication.

Now that a problem has been established, we should find the root cause and then we will see a solution.  I see over saturation as just part of the problem, otherwise our solution would be to get the new graduates to move to less serviced areas.  I believe there are other factors just as important to understand such as poor business practices, something we are not taught in school.  I am in an area that could be considered well saturated, however the recent decline in my business I believe is directly related to two main factors: 1) recession, it has hit hard in my area and I meet prospective patients every day that would come in if they had a way to pay for services rendered, & 2) My reimbursement rate the past 2-3 years from insurance companies has dropped from 60% of billed services to 40% of billed services, this is without an annual fee increase not to mention the continual increase of cost of doing business.