What software does Healthsource Chiropractic use to gather data for Average Visit Income (AVI)?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
"Average Visit Income" or "AVI" means the average amount of money paid by each Patient for services and products provided by the Clinic franchise divided by the number of office visits for that Patient. This data is gathered from our HSWorx billing software.
"Case Average" or "CA" means the average amount of money paid by each Patient for services and products provided by the Clinic franchise over the Patient's treatment plan. A Patient can have more than one treatment plan over time, either for different conditions or recurrences of the same condition. This data is gathered from our HSWorx billing software.
"Conversion Percentage" means the number of Patients divided by the number of people that attend only one or two visits and do not return for the third visit. This data is gathered from our HSWorx billing software.
Source: Item 19 — (FDD pages 64–71)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the brand uses HSWorx billing software to gather data for Average Visit Income (AVI). The FDD defines AVI as the average amount of money paid by each patient for services and products provided by the Healthsource Chiropractic franchise, divided by the number of office visits for that patient.
This data point is crucial for franchisees as it provides insight into the revenue generated per patient visit. Understanding the AVI can help franchisees evaluate the effectiveness of their pricing strategies, service offerings, and patient retention efforts. By tracking and analyzing AVI, franchisees can identify areas for improvement and implement strategies to increase revenue per visit.
In 2024, Healthsource Chiropractic measured the Case Average and Average Visit Income for 119 clinics that met the definition of Qualifying Units. The range of AVI for 2024 was $32.65 – $130.68. For the first quartile, the AVI was $97.94. For the second quartile, the AVI was $80.25. For the third quartile, the AVI was $68.01. For the fourth quartile, the AVI was $50.78. Of the 119 total Qualifying Units, 58 clinics, or 48.7%, attained or surpassed the average annual AVI figure.