She Slays the Day with Dr. Lauryn Brunclik 295 - Solo Practice Is Dead: Why Group Practices Are the Future of Chiropractic feat. David Michel
What does the future hold for solo chiropractic practices? In this thought-provoking episode, Dr. Lauryn sits down with David Michel, a seasoned consultant and co-founder of PM&A, to unpack his bold prediction: the solo chiropractic practice will be extinct within five years. Together, they explore the economic realities, generational shifts, and systemic challenges reshaping the chiropractic landscape. Is this the end of the solo practitioner—or the beginning of a new era?
David and Dr. Lauryn delve into the rise of group practices, the benefits of shared resources, and how chiropractors can embrace collaboration to stay competitive. From building scalable business models to navigating changing patient expectations, this episode is packed with actionable insights for chiropractors at any stage of their career. Whether you’re a new graduate or a seasoned practitioner, this conversation will challenge the way you think about the future of chiropractic.
Key Takeaways:
- The End of Solo Practice: David predicts solo chiropractic practices will disappear within five years due to economic and generational shifts.
- The Rise of Group Practices: Sharing resources and collaborating with other chiropractors allows for lower overhead and greater profitability.
- Adapting to Generational Changes: Younger chiropractors prioritize work-life balance and meaningful contributions, signaling a shift in how practices are structured.
- Building Practice Freedom: A sustainable practice model focuses on independence from the owner’s daily involvement, creating more opportunities for growth and balance.
Guest Info:
David Michel is the co-founder of PM&A, a consulting and coaching firm established in 1988 to help chiropractors develop and manage their businesses. With decades of experience, David has worked with a wide range of healthcare professionals, specializing in the chiropractic profession and championing the natural approach to healthcare and the chiropractic lifestyle. He has been instrumental in opening and acquiring 25 chiropractic offices through Chiro-Health Management Services, Inc., guiding doctors toward achieving Practice Freedom—a business model that allows practices to thrive independently of the owner.
Get in touch with David directly: David@pmaworks.com
Resources:
Sign up for the Weekly Slay newsletter!
Follow She Slays and Dr. Lauryn: Website | Instagram | X | LinkedIn | Facebook
Sign up here to receive our monthly associate job postings email.
Mentioned in this episode:
Go from surviving to thriving with Genesis Chiropractic Software. Learn more and get your special discount using the link below!
Holistic Marketing Hub
Learn more about Sunlighten Saunas and get your She Slays discount by clicking the link below!
To learn more about CLA and the INSiGHT scanner go to the link below and enter code SHESLAYS when prompted.
Do you need help in your practice with the busy work that you or your staff don't like doing? If you said yes, then you've got to check out the virtual chiropractic assistants offered by Chiro Matchmakers.
Looking for an associate? Want your advertisement viewed by thousands of chiropractic students each month? If you answered yes and yes, then click the She Slays Job Board link below to grab your spot in next months posting!