3 challenges you may face when building a physical therapy franchise on your own
If you’re looking to build a physical therapy franchise on your own, this decision can be very beneficial for your practice. Many people decide to build a franchise for many reasons, including brand freedom and more focus on caring for patients. 3 challenges of building a PT franchise with no support Building a physical therapy […]
Top 3 changes your physical therapy clinic could be facing over the next decade
The physical therapy industry is one that is constantly evolving with time. Industry standards and regulations are always changing. If you’re a physical therapy practice owner, you’re probably well aware of this. It can be difficult to know exactly what changes your PT clinic will face over the years, but here are a few different […]
4 challenges your administrative team may face in 2022 due to the No Surprises Act
The No Surprises Act is a new bill designed to help protect patients from unexpected costs related to their health care. It applies to patients who are paying for their care without insurance. The majority of the bill focuses on emergency situations. But the No Surprises Act affects health care providers of all kinds, including […]
4 steps PT practices need to take to produce good faith estimates
Physical therapy is a necessary step for the recovery of many patients. As such, most private insurers, workers’ compensation insurance, Medicare and Medicaid will cover the costs of physical therapy, leaving patients responsible for only a small copay. In some cases, patients may pay nothing at all out of pocket. But what about patients who […]
How can remote therapeutic monitoring help workers and their employers?
Remote therapeutic monitoring is a method of health care delivery that delivers great benefits to patients. Providers, caregivers and employers stand to benefit from remote monitoring as well. Advances in technology have made it easier than ever to provide quality care. Remote monitoring uses monitoring devices to gather data from a patient in the comfort […]
Got money from the CARES Act Provider Relief Fund? You could be giving it back if you didn’t meet reporting requirements
The COVID-19 pandemic has had a dramatic impact on health care providers and health care costs all over the world. In the United States alone, health care costs skyrocketed to $4.1 billion in the year 2020, according to the Centers for Medicare and Medicaid Services. To help ease the burden of these rising costs, the […]
Key Questions Practice Owners Should Ask to Find the Right Partner
As a practice owner, you put extensive time, blood, sweat, and likely tears into building your practice over the years. Deciding to sell your practice is, without a doubt, a difficult decision. It is even more difficult to decide which potential partnering company is the right fit for, not just for the future of your […]
Taking Advantage of Economies of Scale: A Guide for the Physical Therapy Industry
First and foremost, a business striving to maximize growth must create economies of scale to achieve its goals. Economics of scale occur when operational efficiencies are implemented that make the business more productive. Concisely, economies of scale help a business be more profitable. The larger the business, the more likely it can take advantage of […]
What challenges do small practices face when trying to build a high-performing PT team?
It’s becoming increasingly important for small practices to use the same best practices as large practices as the landscape of physical therapy continues to evolve. Your patient experience, hiring practices and how you manage your PT team are all included in this. Another challenge is finding a high-performing team that can help boost patient satisfaction. […]
14 reasons that front office employees are critical to outpatient physical therapy clinics’ success
Physical therapists are experts who are specifically trained to help individuals improve and restore mobility. Physical therapists need a team of administrative professionals to work behind the scenes to ensure that patients have an awesome experience. Your front desk staff can make or break a patient’s first impression (and next impressions) of your clinic, which […]
What Could be Worse than Terminating an Employee?
I used to think the hardest task a manager had to perform was terminating an employee as a result of their poor performance or inappropriate behaviors. It should never be easy delivering such news to an employee, even if they are obviously unfit to complete the tasks and responsibilities they were employed to do. Even […]
The Key Factors Driving Patient Satisfaction
To grow the outpatient physical therapy business, we must understand what drives patient satisfaction. Satisfied patients are more likely to return to our clinics and recommend friends and family. Long term viability is dependent upon building strong relationships with both our referral sources and the community. It may come as some surprise that the patient’s […]