Opening a physical therapy clinic all on your own can provide several benefits. It provides greater independence, offers the potential for greater income and helps you grow your business skills.
If you’ve never opened your own clinic before, you may need some guidance figuring out how to do it. Take a look at some of the basic steps involved by reading below.
What are some of the basic steps involved in how to open a physical therapy clinic?
- Understand your market — If you want to know how to open a physical therapy clinic, you’ll need to understand the PT market. You’ll want to gather information on who your clientele would be, what they’d be looking for in your clinic, and how your clinic's services would appeal to prospective patients.
- Know your competitors — Another basic step involved in how you should go about opening your own PT clinic is knowing your competition. You’ll need to research any other physical therapy clinics that might compare to your own. Determine what will set your clinic apart from the others.
- Create a business plan — The next step is to create a thorough business plan. This step can help you develop and build on your unique business goals. It should be an organized outline containing each of your business’s components.
- Decide on payment methods you’ll accept — Opening a physical therapy clinic involves determining how you’ll accept payment for your services. Some clinics are cash based, meaning they only accept cash payments from their patients. Others may accept both insurance and cash. If you choose to accept insurance, you’ll need to understand the providers you choose or hire a billing professional.
- Create a marketing plan or hire a marketing professional — It’ll also be necessary for you to come up with a unique marketing plan before opening your physical therapy clinic. The way you market has the ability to affect the success of your clinic. If you feel less than confident in your own marketing plan, you may want to consider hiring a marketing professional.
Alliance PTP wants to help you open your own physical therapy clinic
Alliance Physical Therapy Partners firmly believes that partnership means creating something that is greater than the sum of its parts. Alliance PTP is proud to bring together physical therapy clinics around the nation to help people get the kind of treatment they’re looking for and then exceed their expectations. Want to learn more about joining Alliance PTP’s growing list of partners? You can read more on our page for practice owners here. If you’re interested in starting your own physical therapy business but don’t know quite how, you can reach out to one of our team members. If you’ve already started a business and want to sell, we’d love to help you.
Contact our team today for more information about how we can help your practice or to find out how you can join our partnership in care.