23rd Jan 2008
Chiropractic among most profitable businesses
It is a great time to be a chiropractor! Not only are you in the position to lead patients to better health, but you can make a profit doing so.
Forbes Magazine has named chiropractors and other “alternative” health care providers as one of the 10 most profitable types of business. Chiropractic (and the other related professions) came in as #5 with a 17.5 percent average pretax margin.
Here is the article: The Most Profitable Businesses to Start
It is not surprising to me that chiropractors are listed as more profitable than dentists. As you look at the top businesses on the list, you’ll notice that most are professional firms (accountants and lawyers top the list) and many are in the health care field (doctor’s offices, dentists, medical services). Having the professional background and business expertise to run a successful chiropractice practice is a path to success.
Sorry to be the first one to point this out, but you might want to reread the article you are quoting. It shows dental offices as being the THIRD most profitable businesses, while chiro is grouped with podiatry, optometry, and PT among the FIFTH most profitable. It would have been VERY surprising to me to learn that chiropractors are more profitable than dentists.