Question

What Realistically Can My Practice Add in Monthly Net Revenue By Joining This Program?

Answer

Your practice can add a minimum (very conservatively) of $30,000 a month in net revenue by joining this program. Dr. Magac can go into greater detail but the $30,000 figure is arrived at as follows: We suggest that you add the MD (in the beginning) for one day a week. The MD can, at a minimum, perform 20 procedures in a day. We will assume that you begin with 5 patients and then add 5 new patients a week (very, very conservative numbers). Remember that each patient comes back for three treatments (one treatment for each of three weeks). The minimum reimbursement from the MD added procedure is $800. The flow is as follows:

You can do the math. These figures are from the MD added procedures only and do not take into account any billings associated with chiropractic. The internal and external marketing provided by Dr. Magac will provide higher new patient numbers than one a day but the graph above is provided in order to provide a conservative cash flow analysis. $30,000 is a conservative estimate for the first month but the average practice is generating $50,000 or more in net revenue by the second month.

Question

Why Would A Patient Come To My Practice For This Procedure Even With The Addition Of The MD?

Answer

The primary reason is that a patient can be seen and treated at your practice (generally) within 3-4 days compared to a wait of 3-4 weeks at other locations offering the same service. This “increased availability” is among the reason why Family Practice Doctors and other MDs will refer their patients to your practice. A certain percentage of your existing patients will have interest in your “new program” and the external marketing provided by Dr. Magac’s team ensures that your MD has a full schedule on the day(s) they are in your office.

Question

What Are My Costs To Join?

Answer

The initial cost is the $24,000 paid to Dr. Magac to join the program and to reserve your area.  A popular “buzz phrase” is “turn a one time investment of $24,000 into 3 million dollars a year (insurance based & sustained).”  Once you enroll, Dr. Magac will walk you through the process and will assist in minimizing additional expense. 

You will have to have the fluoroscope in your office but renting options at a low monthly fee are available.  You can always purchase the equipment at a later date but we recommend renting to start.  There is also a monthly fee of $2,995 paid to Dr. Magac but as stated, the average increase in monthly revenue per practice is $50,000 so the fees are well spent.

The break even point of the program occurs in approximately 30 days so we are encouraging our Doctors to put the initial cost on a credit card or to arrange for a short-term loan from their bank so as to not affect their cash flow.   Again, the revenue numbers are conservative and reflect only the additional revenue generated from the MD modality added (not the chiropractic billings). The revenue figures are contingent only on the amount of time the Doctor chooses to dedicate to this portion of the practice. Several practices are generating more than $100,000 a month in additional revenue.

Why Can’t I (The Doctor) Just Do All Of This By Myself?

Answer

We have researched this question as well and have come to the conclusion that it is just not worth it. This program is like a 100 piece puzzle and if one of the puzzle pieces is missing, the whole puzzle collapses. We have recommended to our Doctors to just “bite the bullet” and join the program. Dr. Magac has perfected the program (he knows intricately how to assemble the 100 pieces) and one slip up by a Doctor trying to do it on their own would be disastrous. At $2,400 per patient (for the medical component alone) the cost to hire Dr. Magac and to join his program is about 10 patients and then one patient a month. The peace of mind that comes from knowing that the program is structured and is being operated correctly is more than worth the cost. In addition, the months lost trying to figure it out will cost you not only “your” exclusive area in Dr. Magac’s program but it will have cost you hundreds of thousands of dollars in lost revenue that you would have realized had you joined. In addition, if you tried to do the program on your own, you would probably encounter one or more components of the program that were “not right.” Correcting those problems will take time away from your regular practice and will become a nightmare. We suggest paying the 10 patients and then 1 patient of month to take advantage of Dr. Magac’s 8 years of experience and the resulting peace of mind that comes from knowing that the program was set up and is being run correctly.

Question

How Can I Feel Comfortable With The Legality of The Structure?

Answer

Question

If My Practice Becomes a Pain Management Center Will Chiropractic Become Less Relevant?

Answer

No. The idea is to administer the blocks to provide immediate pain relief which will allow you (the DC) to work chiropractically with the patient to eliminate the cause of the patient’s pain. Once out of pain, the patient is more likely to adhere to your prescribed course of treatment in order to stay out of pain. The revenue figures represented ($800 per session and $2,400 per patient) are just for the medical component of the procedure and do not take into account the billing for the chiropractic or other modalities. Total per patient case value should be in the $6,000 - $8,000 range.

Question

Are There References That We Can Speak With?

Answer

Yes. References are available upon request. A few of the stories from participating Doctors are reproduced below:

A Doctor in a small town had a nice “chiropractic only” practice that was grossing around 500K annually. The “Total Interventional Pain Management” system™ was implemented and the practice grew to over 3 million in gross revenue in less than 3 years. The practice is maintaining and has maintained those revenue figures for the past 4 years.

A Doctor in Texas implemented the program and consistently generate over 100k monthly in revenue as well as 80-100 new patients per month.

A Doctor in Illinois owned a worker’s comp practice that was grossing less than 500k annually. The practice implemented the “Total Interventional Pain Management” system™ and surpassed 1 million in yearly collections by their second year.

A Doctor in South Carolina was operating a practice that netted him less than $70,000 per year. He implemented the “Total Interventional Pain Management” system™ and operated the system for two years. He then sold his practice for 1.2 million in cash.