March 7 - 8, 2015
Ponce Inlet, FL
Why spend a weekend in a frozen hotel room to earn CEs when you could be spending your time after class basking in the Florida sun. Florida is home to more hours of continuing education for Chiropractors than any other state. Chiropractic Continuing Education providers in Florida are aware of this and usually accredited their courses for almost every state. So pack your sunglasses, shorts and sunscreen and take a winter seminar in the sunshine state .If you would rather stare out the window of a classroom and see the sun and beach versus frozen precipitation, below are a few courses available in the cold winter months. Target Coding – Dec 18th, 2014 Fort Lauderdale FLGet ready for ICD-10 with Dr. Marty Kotlar and start 2015 with the latest in Chiropractic billing and coding.Academy of Chiropractic – Jan 16-18, 2015 Boca Raton FLWant higher collections, more referrals and a better understanding of MRI? Join Dr. Mark Stubin and Dr. William Owens for 3 days of ways to grow your practice through education and referrals.Standard Process of Central Florida – April 25, 2015 Tampa FL Trekking the Hormone Jungle with Dr. Michael Greer. Learn about the principle hormones involved in health and wellness and guide participants in their regulation using herbs, supplement, vitamins and minerals with careful monitoring by laboratory testing and clinical examination.Florida Chiropractic Physicians Association Feb 21-22, 2015 Tampa FLJoin the FCPA for their Winter Seminar for 20 Chiropractic Continuing Education Hours in 2 days. Learn from over 20 courses and 15 speakers, designed for Chiropractors interested in Advance Practice.Florida Chiropractic Conferences Feb 28- March 1 , 2015Structured for the busy Chiropractor. This seminar offers 2 days for 20 CE hours at an affordable price.
Even More Chiropractic Continuing Education Opportunities in Florida
Still not sure? Ask your family if they would rather go to a frost covered hotel pool or one with a water slide and beach nearby.
The Joint (NASDAQ: JYNT), cash-based chiropractic franchises with 225 offices, raised $20 million during the IPO by offering 3 million shares on Nov 11, 2014. The initial price to the public was $6.50 per share with trading opening at $6.62. Also the underwriters of the Joint's IPO exercised their over-allotment option to purchase an additional 450,000 shares on top of the IPO's 3,000,000. This resulted in aggregate net proceeds, after deducting underwriting discounts, commissions and other offering expenses, of approximately $20,000,000.
JYNT is up today, trading at $6.45. Since entering the market the price rallied initially to $7.20 and dropped as low as $6.00 almost 2 weeks later. Excitement showed in the early trade volume averaging 50,000 trades a day, although since Nov 26th the share volume has not exceeded 10,000.
The Joint Corp discussed their future plans after their IPO in the initial filings. The infusion of cash is marked for purchasing back regional developing rights and existing franchises from partner chiropractors and non-doctor owners. Next they plan to expand their own network of clinics and developing additional franchises in target markets. The Joint believes they can run more efficient and profitable clinics by concentrated marketing and reduced operating costs with corporate offices.
What are your opinions of this new model in Chiropractic? What will be the short and long term impact of this business model? Chiropractors give us your opinion in the Comments below.
Related Stories: A Chiropractic Company is Going Public, The Joint has applied for an IPO
As the mid term elections came to a close this week across the US a few chiropractors triumphed in their respected political campaigns.
Chiropractors elected or reelected to office include:
Dr. Terrence Murphy (R) State Senate NY 40th DistrictChiropractor Terrence Murphy defeated Democrat Justin Wagner to fill the open seat held by two term Republican Sen. Greg Ball, who did not seek re-election. Until being sworn in Terrence Murphy DC can be found treating patients at Yorktown Health & Wellness Center
Dr. Craig Gagnon (R) State Rep SC District 11 District 11 re-elected Chiropractor Craig Gagnon to a second term in the South Carolina State House. The Sherman College of Chiropractic Grad and Abbeville Chiropractic Center Owner defeated his opponent by a 10% margin.
Dr. Ken Peluso District 4 School Board Pinellas County Florida The retired chiropractor defeated former Tarpon Springs Mayor with less than 700 votes for the seat. A seasoned Chiropractic Physician, Dr. Ken Peluso retired last year from hisPeluso Chiropractic Center in Palm Harbor Florida. This race garnered some attention earlier in the campaigning when Dr. Peluso stated that creationism and evolution she be taught side by side in the science class during a public forum. He later retracted that statement.
Dr. Roger Jones Cold Springs Kentucky City Council
New to the political arena, Chiropractor Roger Jones of South Gate Chiropractic won one of 6 available seats in an 8 way election. The 1998 Life Chiropractic College Grad captured 12.3% of the vote as the fourth highest vote holder in the race.
Dr. Terry Tolle Hamilton Southeastern School Board Indiana The President of Health 1st Wellness Centers, Chiropractor Terry Tolle obtained one of 2 seats available on the Indianapolis School Board by defeating 2 incumbents.
Do you know of a Chiropractor recently elected or running for office? Share their information with CE Cruncher and we will provide some free press and publicity to the Chiropractic Profession.
Cleveland Chiropractic College in Overland park Kansas, a baseball throw from the Kansas City Royals, challenged Palmer College West (located near the San Francisco Giants stadium) to a friendly World Series challenge.Cleveland President Carl Cleveland III DC debuted a video on Facebook on October 20th, 2014 surrounded by chiropractic students sporting Kansas City Royals apparel and an abundance of enthusiasm. The Chiropractic World Series challenge is the brainchild of Cleveland Chiropractic College’s COO Jeff Karp, MBA. Mr. Karp created the event as an opportunity to engage the alumni, staff, and chiropractic students at CCC while raising funds for the Foundation for Chiropractic Progress.Next up to bat was Palmer College of Chiropractic President Bill Meeker, D.C., M.P.H. with a response video hours later on Facebook pointing out the Giants World series wins in 2010 and 2012, then detailing the cost of living in 1985 (the last time the Royals won a world series). This solidified the chiropractic World Series challenge and unleashed the on slot of social media discourse between the chiropractic colleges.To solidify their commitment to the challenge each side searched through their roster for a heavy hitter. Palmer West called up Greg Shepard Palmer West chiropractic student intern and former Chicago White Sox minor-league player to appear in their initial video. To cover all of their bases Cleveland posted a video from Cleveland Alumni President and Royal’s Chiropractic consultant Dr. Patrick Hammond.The Chiropractic World Series Challenge:?For every run the Giants score: Cleveland Alumni Association will donate $100 to Palmer West’s Student Council and Cleveland College will donate $100 to the F4CP?For every run the Royals score: Palmer Alumni Association will donate $100 to Cleveland’s Student Council and Palmer Chiropractic College will donate $100 to the F4CP?For each Game the Giants win: Cleveland Chiropractic College will send Palmer College of Chiropractic West a case of Kansas City Boulevard Beer and a case of Kansas City Barbeque Sauce.?For Each Game the Royals win: Palmer West will send Cleveland College a case of fine California Wine.
This rivalry is turning into a battle of enthusiasm for baseball and chiropractic that you will not want to miss. As of the 5th game the Giants lead the World Series 3 games to 2. Palmer Alumni Association owes the Cleveland Student Chiropractic Council $1,500 and the Cleveland Alumni Association will be writing a check for at least $2,700 to the Palmer San Jose Chiropractic Student Council. The Foundation for chiropractic is already pledged a combined $4,200.Rumors have been circulating the dugouts of each Chiropractic campus that the prevailing Chiropractic College may be graced with a hand delivery of promised local fare by the losing team’s president. Will Cleveland Chiropractic College need to purchase a few more wine glasses or will Palmer be firing up the grill for a Kansas City Style barbeque. Follow #ChiropracticWorldSeries to keep track of the fun and support of the World Series and Chiropractic.
Join in on the fun and show support for your favorite World Series team, Chiropractic College or for the Chiropractic profession by joining in the Chiropractic World Series with a donation.
The Joint Corporation applied for an initial public offering (IPO) with the U.S. Securities and Exchange Commission on September 9th 2014. The terms of the offering were not provided, yet the S-1 form was filled for up to $35 million. If all goes as planned they will join the NASDAQ with the symbol JYNT later in the year.The Joint functions as a franchisor of over 215 well-branded cash-only Chiropractic clinics in 26 states, with a strong presence in the West and Midwest of the US. Currently all of the clinic are owned by franchises, mostly Chiropractors.The company started in 1999 by Chiropractor Dr. Fred Gerretzen in Tucson Arizona and grew to 8 clinics in 2008 when he sold the company to the venture capitalist Business Ventures Corp. In 2010 John Leonesio, former CEO of Massage Envy took the helm of the Joint and this year moved to the position of Chairman of the Board. Leadership changes early this year acquired John B. Richards in the role of Lead Director and his fellow Starbucks Executive David Orwasher as President and COO.All of the franchised clinics are staffed by licensed Chiropractors, most employing at least two to cover their extensive hours. The clinics operate 6-7 days a week, with weekday hours extending past 5 pm. The Joint clinics do not accept insurance or Medicare and offer inexpensive monthly plans. According to The Joint’s website an initial consultation has a cost of $19, with follow up adjustment at a rate of $29 or a monthly package of 4 for $49 with a 6 month contract or $59 month to month. Packages can be utilized at any of The Joint locations.Each clinic is structured to offer routine wellness Chiropractic care. They provide exams and adjustments only in an open concept treatment area. The offices are not equipped with x-rays or therapeutic equipment. Appointments are not required, patients are scene as walk-ins. Providing only maintenance care, acute patients are referred to other providers, including traditional Chiropractors.Their future plans laid out in their IPO include reacquiring regional developing rights and purchasing existing franchises while expanding their own network of clinics and developing additional franchises. Utilizing the Starbucks expansion experience of their new leadership The Joint aims to proliferate in targeted markets with concentrated marketing and reduced operating costs.The Joint’s federal filling reports an average of 540 to 948 new patients per year in their clinics between 2010 and 2013. In the first six month of this year the franchises generated $19 million in revenue from 948,304 patient visits. So this year their clinics averaged 735 patient visits a month with a monthly revenue of $14,728.62 or $20.03 per patient visit. Chiropractors interested in their clinic opportunity can find information about costs upfront. New franchisees pay $29,000 for a clinic of their own, with The Joint collecting half if sold through a regional developer. Each of The Joint’s 40 directly franchised clinics pay royalties of 7% of gross revenues and the remaining clinics franchised through regional developers pay 4% of gross revenues. They also charge a national marketing fee of 1% of gross revenues from to all of their clinics.The Joint reports that they offer an advantage over traditional Chiropractic offices with prices over 50% less, a retail consumer driven approach and by educating patients on a maintenance approach to Chiropractic care. They believe their appeal to Chiropractors stems from their ability allow them to spend more time treating patients, less overhead, personnel and administrative responsibilities in The Joint’s business model.Do you own a Joint franchise or work for one? Are you considering buying a franchise? Has a Chiropractic franchise moved close to your office?
CE Cruncher would love your opinion; we want to know what you think and start a dialogue about the changing face of the Chiropractic profession.
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