While it’s easy to recognize the benefits of your hospital’s physical therapy program, many hospital leaders are also highly aware of the costs. As an allied health profession, physical therapy has unique practices for everything from training and accreditation to compliance and billing. Without highly specialized knowledge and experience, hospital administrators can often find themselves challenged to stay within budgetary requirements and still deliver proper levels of care.
If any of this applies to you, physical therapy consulting can help. Working with a consultant means dedicated expertise and a laser focus on physical therapy. The right expert can help you identify the places where costs can be reduced without trading quality of care. By putting the right systems in place, you can save money while increasing revenue, turning your physical therapy department into a positive operational contributor.
Practical cost savings measures for your physical therapy program
Here are some of the key areas that physical therapy consulting can look at to identify opportunities for cost reduction:
- Compliance — Issues with compliance can result in costly fines and denied claims among other problems. By tightening up compliance, your department can see significant cost savings.
- Software and workflow systems — Departmental efficiencies can slow you down, wasting personnel hours and reducing billable services. By streamlining your workflows and upgrading therapy management systems, you can save significant money on a daily basis.
- Recruitment — Many departments suffer from high turnover rates, which can cost a lot of money in the long run. Physical therapy consulting can help with recruiting, training and development practices to reduce turnover while eliminating unnecessary administrative positions.
It’s important to find a consultant who understands that no two physical therapy departments are alike and will work to understand your hospital’s unique needs.
Alliance has the physical therapy consulting expertise you need
Alliance Physical Therapy Partners has expert consultants who understand all aspects of physical therapy. As industry leaders who bring more than 50 years of experience to the table, we have proven solutions and extensive resources to help you save money while keeping the focus squarely on your patients. We believe in trust, clear communication and custom solutions.
Contact us to learn more about how our physical therapy consultants can help your hospital. We’ll perform an assessment to identify opportunities for cost savings and increased revenue.