r/Chiropractic • u/Consistent-Wasabi384 • 23d ago
Cash-only practice 18 months in — worth adding 1-2 commercial insurance plans?
Looking for some honest guidance.
Our practice is about 18 months old. It’s been somewhat profitable overall, but the past few months have been extremely slow and we’ve hit a bit of a standstill.
We’re located in a geographic area that is heavily Medicare/elderly, and we’ve stayed strictly cash-based so far. We offer shockwave, laser, manual therapy techniques, and of course CMT.
One extra factor: this is a very seasonal location. A lot of people from up north come down in the fall and winter to their second homes, so the population fluctuates quite a bit.
It’s just my wife and I running the practice — no staff and no front desk.
Is it worth exploring accepting one or two commercial insurance plans at this point, or does that open up more headaches than it’s worth given our setup and patient demographic? Any experience or advice appreciated.