Axiom Worldwide, LLC, the maker of the DRX and DRX9000 decompression tables appears to be in liquidation.
What does this say about the current decompression market in the United States?
Not much in my opinion. There are too many questions left unanswered to determine what the cause of their bankruptcy was.
Was it caused by the recession, meaning less sales on their part? Was it due to bad management, hubris born of success, or their recent troubles in Canada? Did it have something to do with the FBI raids on their office back in 2007?
We simply do not know.
What I can tell you is that if you own a decompression table, many people will be trying to use this as a marketing ploy to scare you. One company sent out an email to some chiropractors, trying to scare them into “buying” publicity websites so as to drown out the negative publicity for DRX tables on Google. I’m sure others will soon follow, using fear to motivate you to waste money on useless marketing.
So if you own a DRX table (or any kind of decompression table), what are you supposed to do in light of all this negative news?
As far as marketing your practices goes (which is my specialty, not law), I’m recommending my clients focus on growing their practices and getting more new patients. Decompression offices are still overflowing with new patients, as the need for such treatment has not dropped off and likely will not as the population ages.
Here’s one thing I would NOT do if I was your shoes…
I wouldn’t be using old outdated advertising that talks about “NASA claims”, “FDA Approved” or even mentions the name DRX or DRX9000. You see, that’s the problem with promoting the name of a piece of equipment instead of your practice. If the name of the equipment gets a bad rap, you’re up a creek without a paddle. But if you market your practice as designed to help people who are suffering with herniated discs, sciatica, etc., and a company goes bankrupt or gets bad publicity, it doesn’t affect you.
When I first started looking at decompression tables, I was told the DRX table was the only “true spinal decompression table”. That they would be patenting the term “spinal decompression” soon and no one else could use it. One prominent marketer (at the time) even had ads written for his clients. I personally would not be making this claim any more either, as it is likely not going to go over well with the current news about DRX tables.
Keep marketing the results of your table in an ethical and professional way. This is why testimonials are so important. You’ve seen patients get better. You’ve seen them get well, preventing back surgery or a lifetime of dangerous medications. So you know decompression works. The problem is not if it works or not, but how we market it. Do we make hyped up claims or simply use educational advertising with condition-centered copy?
Decompression is about results for the patients…not about any specific table.
Over the past few years I’ve proven educational ads focused on patient results provides the best results. This is why I write non-hyped up ads. NASA and walking on the moon has nothing to do with decompression tables, and it never has, therefore I don’t put those claims in my ads.
In the end, I’m sure all of this will blow over and be a thing of the past. But what about your practice? Will your practice be thriving or barely surviving at that time?
If you are thinking about getting a decompression table, but have not yet, I urge you to read my previous article on this entitled “Decompression Marketing Solutions“.