The Joint Franchise Named “Best of the Best” by ‘Entrepreneur’ Magazine
The fastest growing chiropractic franchise is ranked as the No. 1 franchise opportunity in the healthcare segment for second consecutive year
The Joint is in business to help Americans live healthier, fuller lives through the proven practice of chiropractic care. Founded in 1999, The Joint has grown quickly to over 370 clinics across the country, introducing millions to chiropractic care by making it affordable, customer friendly and accessible. The Joint is excited to announce that Entrepreneur Magazine has once again named us the No. 1 franchise opportunity in the healthcare segment in their recently released, “Best of the Best” list.
2017 is the second consecutive year The Joint has been awarded the top spot in the healthcare segment on the annual and prestigious list. The announcement comes hot on the heels of The Joint’s inclusion on Entrepreneur Magazine’s annual Franchise 500, which details the top franchise systems to invest in 2017. This year’s ranking marks a significant jump to No. 127, up 27 spots from 2016, when The Joint occupied No. 154 on last year’s Franchise 500 list.
“We’re very honored to ranked as the No. 1 franchise in the healthcare segment for the second year in a row,” says Peter D. Holt, President and CEO of The Joint. “We have seen phenomenal growth in recent years because of our ability to target so much more of the population than a traditional chiropractic clinic could. Our customers love us because we’re affordable, convenient and fast without sacrificing the level of care they expect. Because of this, we are able to reach people who would not have otherwise gone to a chiropractic clinic. So many people are suffering from neck and back pain, and as more of the population seeks alternatives to traditional medical care and prescription drugs, they are finding that The Joint is their ally in health and wellness.”
What makes The Joint the No. 1 healthcare franchise?
The Joint is disrupting the $14 billion chiropractic industry. As the first publicly-traded membership-based chiropractic franchise, The Joint is a vastly different business model than the hard-to-find chiropractic clinics of yore. The Joint places its clinics in highly visible retail settings next to local coffee shops and supermarkets. There are no appointments, no insurance and no waiting to see a doctor. The Joint is also far more affordable than traditional chiropractic clinics; the average visit to The Joint costs nearly half as much as the insurance co-pay of a traditional chiropractic visit.
“The field of chiropractic care is becoming significantly more important as more and more people are becoming concerned with finding alternative methods to manage their overall health and wellness,” Holt says. “People’s perception of chiropractic care is dramatically changing due to several factors: our nation’s problems with obesity and the medical emergency that is the abuse of pain medication, which has never been higher than it is now. As over 80% of people will experience back pain at some point in their lives, chiropractic care is a natural and effective way to treat that pain without the use of prescription medication.”
As the largest employer of chiropractors in the world, it should come as no surprise that chiropractors are franchising with The Joint in record numbers. The Joint gives chiropractors the opportunity to do what they love: helping their patients heal. The Joint offers only spinal adjustments conducted by hand, which frees chiropractors from the headaches of the insurance companies and the endless paperwork, as well as the waiting to get paid for services that many traditional chiropractors face on a daily basis.
“The model works because by allowing doctors the opportunity to focus on what they went to school for, the patient receives an exceptional customer experience,” says Heather Sefried, a chiropractor and multi-unit franchise owner with The Joint. “The Joint is revolutionary because it is bringing affordable, accessible chiropractic care directly to the public. We open our clinics where the public wants to go. We become a part of the community. In doing so, we have the opportunity to treat more people than would ever be possible in a traditional clinic. The most exciting thing from my perspective is that The Joint is treating people who need our level of care who would have never visited a chiropractor without us. That is tremendously exciting.”
The Joint is a low-cost investment opportunity with high potential returns
With a small footprint, limited overhead and a staff consisting of three to four employees, The Joint is easy to operate and boasts a proven business model that is unique in the $3 trillion healthcare industry. Our membership model eliminates the need for insurance, while providing our franchise owners with a recurring revenue stream that helps to maximize profitability and potentially hasten the return on investment. Our model works for chiropractors seeking to own a simpler business that avoids the nightmare of insurance billing, and it works incredibly well for business investors who see the need for more accessible chiropractic care.
With the total financial estimate to begin operations on a new chiropractic franchise ranging from $216,200 to $331,700, The Joint is a low-cost investment opportunity with potential for high returns. Because our build-out costs are substantially lower than other brands in the healthcare segment, The Joint offers a quicker ramp-up time to allow for a potentially faster return on investment. The franchise fee for your first chiropractic franchise is $39,900.
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About The Joint Chiropractic
The Joint Chiropractic (NASDAQ: JYNT) revolutionized access to chiropractic care when it introduced its retail healthcare business model in 2010. Today, the company is making quality care convenient and affordable, while eliminating the need for insurance, for millions of patients seeking pain relief and ongoing wellness. With more than 550 locations nationwide and over seven million patient visits annually, The Joint Chiropractic is a key leader in the chiropractic industry. Named on Franchise Times “Top 200+ Franchises” and Entrepreneur’s “Franchise 500®” lists, The Joint Chiropractic is an innovative force, where healthcare meets retail.
The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states. In Arkansas, California, Colorado, District of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Washington, West Virginia and Wyoming, The Joint Corp. and its franchisees provide management services to certain professional chiropractic practices.