Guest guest Posted May 29, 2003 Report Share Posted May 29, 2003 Dave, , acuman1@a... wrote: > This is the same saw I heard when we moved from diploma to Master's entry > level in the late 80's. Be that as it may, we have already reached past the upper limit of return on investment for an acupuncture education. Many students already graduate with barely manageable $80,000 debts. Add another $40,000 for another 2 years, assuming that creditors will ever loan that much to an acupuncture student. That extra debt would result in a standard of living that is unacceptable unless you believe that conferring the title of doctor would instantly result in enough extra income to offset the increased debt. I do not. I believe the anecdotal evidence suggests that the current typical educational debt is already tas high as it can get and still allow people to make an adequate living. While our services may be technically undervalued, especially by insurance companies, they are still already more expensive than most patients can afford. so colluding on price hikes will not work to increase income. the market will not bear it. the only way I can imagine an entry level doctorate that does not dramatically decrease the number of new students entering the field is some source of funding that lowers the cost of the education to something more reflective of its typical return. Endowments, state funded schools, donations, etc. The tuition driven mom and pop shop model might collapse under the weight of an entry level doctorate. Chinese Herbs " Great spirits have always found violent opposition from mediocre minds " -- Albert Einstein Quote Link to comment Share on other sites More sharing options...
Guest guest Posted May 29, 2003 Report Share Posted May 29, 2003 While our services may be technically undervalued, especially by insurance companies, they are still already more expensive than most patients can afford. so colluding on price hikes will not work to increase income. the market will not bear it. the only way I can imagine an entry level doctorate that does not dramatically decrease the number of new students entering the field is some source of funding that lowers the cost of the education to something more reflective of its typical return >>>Thre question is would it mainstream OM. If it does the money would be moot. People would have jobs and make money alon Quote Link to comment Share on other sites More sharing options...
Guest guest Posted May 30, 2003 Report Share Posted May 30, 2003 > The tuition driven mom and pop shop model might collapse under the weight of an entry level doctorate. I agree that the DAOM is economically a no-start proposal for most acupuncturists. I just don't see people willing to spend the extra time and money going back to school for a credential and training with doubtful ROI. That being said, I also think the tuition-driven mom and pop shop model of acupuncture and CM education should collapse. I believe it is at least partly responsible for the economic plight of many acupuncturists. IMO, one reason people open ever more, dubious quality mom and pop schools is because they aren't making a decent living solely in practice. As for people not being able to make a decent living, it is my experience that they could if they were willing to 1) take their services to where they're needed (as opposed to clustering in a few hip, New Age enclaves such as Santa Fe, Portland, Boulder, and San Diego), 2) adopt a mature business plan, 3) market themselves to people with the kind of income they themselves would like to make, 4) sell other collateral goods and services (up-selling and cross-selling), and 5) be willing to risk the added investment of working out of a commercial space with 6) at least one employee (receptionist minimum). For free articles on all these requirements/factors for economic success, see www.100Kacupuncture.com. I just came back from teaching/vacation in Playa del Carmen, Mexico. Two of my fellow " bare-footers in paradise " were a couple of acupuncturists only two years out of school who are making 100K in Portland, OR where I know many acupuncturists with more time in practice are living a life of genteel poverty. Why have these two made such a good start so quick out of the box? They have manifested all the above criteria (except for staying in Portland), they work hard, and are willing to do whatever it takes: radio shows, tv ads, public-speaking, writing columns, etc. It can be done, but it can't be done the way most/many acupuncturists attempt to do it. I know another two recently graduated acupuncturists living in L.A., one who is making it (and was a barefooter in paradise) and one who is not (and stayed behind in smoggy L.A.). The one who is making it has bitten the bullet and manifested the above factors for success. Her boyfriend, who is trying to practice out of his apartment, is not making it. He's afraid/unwilling to take the leap/risk. Yet another barefooter in parasise from NYC is making it after a number of years of not. He finally realized that he needed to go to work in a PI clinic (where he makes more than 100K per annum). He makes enough that he was able to spend a week with us in Playa and then another week in Cozumel diving (expensive hobby). He explained that working in this sort of PI clinic was not optimal (to say the least), but it has allowed him (after a couple of years of working for less than altruistic MDs) to open his own clinic in a commercial space. While he's still transitioning from clinic employee to private practice, he rents space to other acupuncturists who prescribe from his bulk herb pharmacy. I feel confident this " acupuncturist " will be making well more than 100K per year from private practice alone in another two years as long as he keeps moving in the direction he has committed himself to, along with all the attendant risks, tasks, and obligations. Bottom line, I do not believe the low income earned by most/many acupuncturists has anything to do with our title. I believe many people just don't know how and/or are unwilling to do what it takes to run a financially successful practice. It seems to me that too many of us look to others to do something to increase our income for us by some sort of fiat (grant us some other title, grant us access to more third party payors, etc.). However, I believe the money is there to be made given our current titles and current access to the health care marketplace. If people cannot afford our fees, we're marketing to the wrong people. I know financially successful acupuncturists in Boulder of all places who only have to work three days per week. That means that, if they so wanted, they could work another day or two per week either pro bono or for reduced fees for those with lower incomes. In other words, we can earn a decent living and provide health care to the less fortunate if we first create and implement a financially successful business plan. Bob Quote Link to comment Share on other sites More sharing options...
Guest guest Posted May 30, 2003 Report Share Posted May 30, 2003 Have I missed something here? I thought that the DAOM (until they petition to through out the 'O'...) would be the entry level program? I did a 4-year MTCM program, which, in theory, should cost about the same as a 4 year DAOM program. If DAOM becomes the entry level program, then the costs will be rougly the same as they are now. For some of us though, it's going to cost a lot more, since we've already taken out our $80k in loans, and to change a few letters at the end of our name probably isn't going to make a lot of economic sense. Geoff ps - my apologies if this went twice - my e-mail provider has had some LI stagnation.. > __________ > > Message: 8 > Fri, 30 May 2003 14:56:59 -0000 > " Bob Flaws " <pemachophel2001 > Re: entry DAOM > > > The tuition driven mom and pop shop model might collapse under the > weight of an entry level doctorate. > > > > I agree that the DAOM is economically a no-start proposal for most > acupuncturists. I just don't see people willing to spend the extra > time and money going back to school for a credential and > training with > doubtful ROI. > > That being said, I also think the tuition-driven mom and pop shop > model of acupuncture and CM education should collapse. I > believe it is > at least partly responsible for the economic plight of many > acupuncturists. IMO, one reason people open ever more, > dubious quality > mom and pop schools is because they aren't making a decent living > solely in practice. > > As for people not being able to make a decent living, it is my > experience that they could if they were willing to 1) take their > services to where they're needed (as opposed to clustering in a few > hip, New Age enclaves such as Santa Fe, Portland, Boulder, and San > Diego), 2) adopt a mature business plan, 3) market themselves to > people with the kind of income they themselves would like to make, > 4) sell other collateral goods and services (up-selling and > cross-selling), and 5) be willing to risk the added investment of > working out of a commercial space with 6) at least one employee > (receptionist minimum). For free articles on all these > requirements/factors for economic success, see Quote Link to comment Share on other sites More sharing options...
Guest guest Posted May 30, 2003 Report Share Posted May 30, 2003 , " Geoffrey Hudson " < list@a...> wrote: > > > Have I missed something here? I thought that the DAOM (until they > petition to through out the 'O'...) would be the entry level program? I > did a 4-year MTCM program, which, in theory, should cost about the same > as a 4 year DAOM program. current masters programs are mandated to be around 2500 hours by ACAOM; DAOM will be 4000 including those acquired at the masters (1200 min post masters). many schools already do over 3000, but many do the minimum. more hours, more cost. PCOM will top out at 4500 for both masters and DAOM. PCOM does not support an entry level DAOM at this time, BTW. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 1, 2003 Report Share Posted June 1, 2003 , " Bob Flaws " wrote: > As for people not being able to make a decent living, it is my > experience that they could if they were willing to 1) take their > services to where they're needed (as opposed to clustering in a few > hip, New Age enclaves such as Santa Fe, Portland, Boulder, and San > Diego), 2) adopt a mature business plan, 3) market themselves to > people with the kind of income they themselves would like to make, > 4) sell other collateral goods and services (up-selling and > cross-selling), and 5) be willing to risk the added investment of > working out of a commercial space with 6) at least one employee > (receptionist minimum). For free articles on all these > requirements/factors for economic success, see > www.100Kacupuncture.com. >>> Bob: While there is nothing to really disagree with in your statements, you still ignore our situation: there are few, if any, jobs in institutionalized medicine for real acupuncturists upon graduation; they don't have equal access to all the insurance providers; they cannot get hospital privileges; many must be supervised by MDs who have no training in the field; and herbs are not in the scope of their practice. Jim Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 2, 2003 Report Share Posted June 2, 2003 > While there is nothing to really disagree with in your statements, > you still ignore our situation: there are few, if any, jobs in > institutionalized medicine for real acupuncturists upon graduation; Jim, Agreed. I wasn't intending to imply that I believe politics are irrelevant. As you know, I once chaired the legislative committee of the Acupuncture Assoc. of CO. I just don't believe they are our main economic salvation. I think too many of us blame others for our own lack of financial success. Also, the situation is different in different states and even within different cities in different states. Since this is America, one has two choices. One, they can move to a state where the laws are more amenable, or two, they can get politically active and changes the laws in the place they are in. In New York, you can work in various MD-owned PI clinics, and Mercy College has placed its students in at least three hospitals in the NY metro area and other hospitals have made inquiries. Here in Longmont, CO there are acupuncturists working in the hospital there. I have worked in an Evergreen MD's office, a Brighton DC's office, an MD-owned pain clinic which operated out of St. Luke's Hospital in Denver, and at Denver General Hospital. It can be done. > they don't have equal access to all the insurance providers; Agreed, no equal access. But that doesn't mean no access. More and more insurance companies are paying for acupuncture. The question is do you really want to have that kind of practice. One can be financially successful with a cash only practice. It all depends on how you do it. they cannot get hospital privileges; Maybe, maybe not. I suggest you or anyone else interested in this to read the free article on this issue written by David Kailin posted on www.bluepoppy.com and/or at www.100Kacupuncture.com. Have you tried to get hopsital priviledges and been rejected? many must be supervised by MDs who have no training in the field; Many? How many out of the entire 15,000 licensed professional acupuncturists in the U.S.? My impression is that this requirement is only in a couple/few states. I agree that acupuncturists in those states need to get more active to change that. and herbs are not in the scope of their practice. How many states do not allow acupuncturists to prescribe Chinese medicinals? I have no idea on this one. Do you have the figures? In any case, if only 10% of acupuncturists sit for the NCCAOM herb exam, maybe this is not such a bad thing. Bob Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 2, 2003 Report Share Posted June 2, 2003 I think it is safe to say that acupuncture/Chinese medicine is, for most people, a self-employment situation. With that said, I think the pros/cons of the situation are not communicated at most schools. Most students realize this fact after graduating. One really has to learn the skills to promote their practice in order for the practice to grow. Whether one likes it or not, one of the major skills required to get people in the door is selling. Unfortunately, there are many pitfalls and some of these you can prepare for and others you have to learn by experience. I think many people, after being in practice for a year or two, might be more than willing to except a $35k a year salary if all they did was have to come in a treat patients. There is a lot of personal growth that is required to sustain a successful practice. On a side note, most of the income in private practice comes from acupuncture. I've even considered increasing my regular tx price and 'throwing' in the herbs. It's just another approach. In the long run, getting results is still priority #1. If you don't have that, it is hard to sustain a practice. Just my 2 cents. Eric Popp, L.Ac., Dipl. C.H. Bob Flaws <pemachophel2001 wrote: > While there is nothing to really disagree with in your statements, > you still ignore our situation: there are few, if any, jobs in > institutionalized medicine for real acupuncturists upon graduation;Jim,Agreed. I wasn't intending to imply that I believe politics are irrelevant. As you know, I once chaired the legislative committee of the Acupuncture Assoc. of CO. I just don't believe they are our main economic salvation. I think too many of us blame others for our own lack of financial success. Also, the situation is different in different states and even within different cities in different states. Since this is America, one has two choices. One, they can move to a state where the laws are more amenable, or two, they can get politically active and changes the laws in the place they are in. In New York, you can work in various MD-owned PI clinics, and Mercy College has placed its students in at least three hospitals in the NY metro area and other hospitals have made inquiries. Here in Longmont, CO there are acupuncturists working in the hospital there. I have worked in an Evergreen MD's office, a Brighton DC's office, an MD-owned pain clinic which operated out of St. Luke's Hospital in Denver, and at Denver General Hospital. It can be done. > they don't have equal access to all the insurance providers; Agreed, no equal access. But that doesn't mean no access. More and more insurance companies are paying for acupuncture. The question is do you really want to have that kind of practice. One can be financially successful with a cash only practice. It all depends on how you do it.they cannot get hospital privileges; Maybe, maybe not. I suggest you or anyone else interested in this to read the free article on this issue written by David Kailin posted on www.bluepoppy.com and/or at www.100Kacupuncture.com. Have you tried to get hopsital priviledges and been rejected?many must be supervised by MDs who have no training in the field; Many? How many out of the entire 15,000 licensed professional acupuncturists in the U.S.? My impression is that this requirement is only in a couple/few states. I agree that acupuncturists in those states need to get more active to change that. and herbs are not in the scope of their practice.How many states do not allow acupuncturists to prescribe Chinese medicinals? I have no idea on this one. Do you have the figures? In any case, if only 10% of acupuncturists sit for the NCCAOM herb exam, maybe this is not such a bad thing. BobChinese Herbal Medicine, a voluntary organization of licensed healthcare practitioners, matriculated students and postgraduate academics specializing in Chinese Herbal Medicine, provides a variety of professional services, including board approved online continuing education. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 2, 2003 Report Share Posted June 2, 2003 Though I have not viewed all the messages concerning this subject 'DAOM', I do agree with Bob Flaws about questioning whether acupuncturists would want a primarily insurance reimbursement system for our services, I most emphatically do not. I relish having control over my schedule and time in my office. I am concerned that in our effort to gain 'mainstreaming and legitmacy' we will end up exactly where MDs and possibly DCs are now, with having to treat many, many patients in order to make a decent living. I enjoy having the luxery of spending most of an hour with my patients as I am able to keep an eye on their progress, pulse, etc and often I use this time to get more, in depth, information about my patients I might not have gotten had I been running from room to room. Many would not wish to practice in this way, but I do. If we train our patients to only seek treatment from us with insurance coverage and/or a very small co-pay, I guess we deserve what we get. Jocelyn Joy Jocelyn Joy, L.Ac., DOM Inner Spring Center for Health 3361 4th Avenue San Diego, CA 92103 619-322-4492 _______________ MSN 8 helps eliminate e-mail viruses. Get 2 months FREE*. http://join.msn.com/?page=features/virus Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 4, 2003 Report Share Posted June 4, 2003 I'm wondering, do you take primary insurance reimbursement? I do, and I don't have an insurance company dictating to me what my schedule is. If I decide that I want to see a whole lot of patients per hour, then that's my choice. I choose to see a patient an hour, and I do just fine. I find that practitioners that have been in practice for a long time usually are the ones who say 'just do a cash-only practice' because they get frustrated in dealing with insurance companies. I think that acupuncturists have climed up the ladder a ways, and it must not be as bad as it was in the past... now that the insurance companies have seen that we don't bill like chiropractors. I've been in private practice for about 3 years, and there's no way I could have made a decent living with a cash only practice. When the stock market and economy in Seattle started it's downturn, my cash patients dried up. I still have my insurance patients though. I think for most young practitioners, they need to take insurance. It's not that big of a hassle. I have a billing agent do the electronic billing and follow-up for $2.75 per claim. That's definitely not worth my time... and it eliminates a whole lot of hassle. Geoff > __________ > > Message: 10 > Mon, 02 Jun 2003 16:16:30 +0000 > " Jocelyn Joy " <joyjocelyn > Re: Re: entry DAOM > > Though I have not viewed all the messages concerning this > subject 'DAOM', I > do agree with Bob Flaws about questioning whether > acupuncturists would want > a primarily insurance reimbursement system for our services, I most > emphatically do not. I relish having control over my schedule > and time in my > office. I am concerned that in our effort to gain 'mainstreaming and > legitmacy' we will end up exactly where MDs and possibly DCs > are now, with > having to treat many, many patients in order to make a decent > living. I > enjoy having the luxery of spending most of an hour with my > patients as I am > able to keep an eye on their progress, pulse, etc and often I > use this time > to get more, in depth, information about my patients I might > not have gotten > had I been running from room to room. Many would not wish to > practice in > this way, but I do. If we train our patients to only seek > treatment from us > with insurance coverage and/or a very small co-pay, I guess > we deserve what > we get. Jocelyn Joy Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 4, 2003 Report Share Posted June 4, 2003 , " Geoffrey Hudson " wrote: > I'm wondering, do you take primary insurance reimbursement? I do, and I don't have an insurance company dictating to me what my schedule is. If I decide that I want to see a whole lot of patients per hour, then that's my choice. I choose to see a patient an hour, and I do just fine. I find that practitioners that have been in practice for a long time usually are the ones who say 'just do a cash-only practice' because they get frustrated in dealing with insurance companies. >>> Geoffrey: Thanks for making this point. I know there are many practitioners here in Colorado that also take insurance on a regular basis. I just don't happen to be one of them, even though I would be doing more business in these slow economic times. My point has always been about having the option. In their study on integrating CM with WM, Medical acupuncturists have written that they expect, and are looking forward to, a time when insurance providers include total coverage. Having a both a doctorate and global insurance coverage would help us to be more on par with WM and more integrated in the culture. If money is power, we should make every effort to control our field; our being integrated implies equality. David Molony's warning about how herbal medicine could be taken away from us should remind everyone that our profession is as much political as acedemic. With these considerations in hand, the exceptions that Flaws' brought up could be the norm. Jim Ramholz Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.