I also think what you might be overlooking is those guys who make the huge bucks at OMM with cash only practices (and i know plenty, but as someone else said, they are all OMM Gurus, not people who are just 'decent' at it) are not bothering with the people who cant tell the difference between Chiro and DO.
I think the big ability to rake in the cash comes from going to an area with a high population and getting the patients who are clearly well educated in the difference and (my experience) superior benefits compared to chiropractic. Cities work best because you have the density, the generally more educated populace, and often enough people who fit the previous descriptor and have enough money to burn to seek out the best person to manage their pain/injury.
My OMM dept has 10 people on staff. Two do hospital work, one does omm heavy family practice and the other seven all do cash-only in major city areas (4 manhattan, one westchester, one queens and one baltimore). Its clear from anecdotal comments from those seven that being in the city helps greatly with the ease of slipping into the cash-only OMM as you build renown and your skills super sharpen.
Thanks for the info, and I agree with a lot of the things you're saying. It's also interesting to hear the amount of individuals on staff you know who are doing straight up cash practices. Personally, I think a cash OMM practice would be pretty amazing - getting compensated properly, very, very low overhead, really relieving pain, grateful patients, low stress environment, etc, etc. Like you said though ... guru territory for sure.
chiropractic is far from oversaturated- there are about 50,000 active D.C.'s in the US...certain areas may appear to be be oversaturated, but as a whole, it is far from it.
This is akin to saying something like cosmetic surgery isn't oversaturated. Sure, if you look at the country as a whole, there aren't that many cosmetic surgeons compared to family practitioners, IM guys, OBs, etc, but look at the areas where it is saturated - can't throw a rock in Beverly Hills without hitting a cosmetic office, but probably couldn't find out in rural midwest to save your life.
What's the common denominator? Patient population. No offense, but I have a feeling DCs work on a SLIGHTLY (note slightly) similar scale where you need to be in areas where the patients are at. A few of my uncles farm in rural Idaho, and I know for a fact they would have some interesting MSK issues, but also know for a fact that haven't ever considering seeing a DC. However, go a few hours into a city like Idaho Falls - metro, larger population, etc, etc, and I'm sure you'll find quite a few chiros. I just don't think people see it as a necessary service, so you're going to find saturation in cities and 0 competition in other areas, meaning on average it isn't saturated, but where it matters ... it is.
Like I said in my first example ... I counted 7 or so literally within a few miles of my house, but couldn't find an OMM guy for my mom to see (and I'm a DO student). Again though ... just my observations/assumptions ... could definitely be wrong.
as far as income goes- it varies according to how liberal the laws are-those in Michigan and Illinois for example will typically make more because the scope of practice is larger than say, NY- where reimbursement is also lower and more restricted.
Other factors to consider: population size, discretionary income, education level, age etc.
How do restrictions come into play? It's my understanding that all chiro procedures would bill the same, no matter what state you're in, and I was also under the impression that the DC license didn't allow for prescribing, injecting, or cutting of any kind. How would laws that maybe allow DCs to advertise as 'chiropractic physicians
🙄' result in higher income if it doesn't actually bestow any additional privileges? Again, I'm not trying to be insulting ... just looking for clarification.