• 6 Biggest Factors Impacting Your PT Clinic’s Cash Flow Image

    articleJul 23, 2018 | 8 min. read

    6 Biggest Factors Impacting Your PT Clinic’s Cash Flow

    Most of us went into physical therapy so we could make a difference in our patients’ lives. PT can be extremely fulfilling and rewarding—and for many of us, owning a practice has been a lifelong dream. Once that dream becomes a reality, however, it can be a sobering experience. Bills need to be paid and bottom lines need to be met. It’s not always easy to bring in enough money to cover cancellations and billing snafus, not …

  • 5 Reasons to Attend Ascend in 2018 Image

    articleJul 20, 2018 | 3 min. read

    5 Reasons to Attend Ascend in 2018

    The ultimate rehab therapy business summit is only two months away, so we here at WebPT have kicked it into high gear adding finishing touches to the event. Case in point: We just rounded out our biggest speaker lineup yet with two heavy-hitting keynotes: Stephania Bell (PT and Injury Analyst for ESPN) and David Elton (Senior Vice President for Clinical Programs at Optum). While those keynotes are impressive, they’re merely cherries on top of a one-of-a-kind experience …

  • 3 Common Rehab Therapy Credentialing Mistakes Image

    articleJul 18, 2018 | 6 min. read

    3 Common Rehab Therapy Credentialing Mistakes

    Proper credentialing is a crucial step in running a successful physical therapy clinic. If your clinic and therapists aren’t properly credentialed with insurance providers from the get-go, your bottom line might suffer. And it’s not just new clinics that are susceptible to making credentialing mistakes; in fact, any clinic that has gone through a change in ownership, rapid growth phase, or any other transition might find itself mired in credentialing headaches. But before we get to the …

  • What's the Right Payer Mix for Your Practice? Image

    articleJul 17, 2018 | 6 min. read

    What's the Right Payer Mix for Your Practice?

    Insurance payments for healthcare services have been declining for a while now , which means providers in all disciplines are looking for ways to optimize their payer mix in order to maximize their revenue. If you haven’t yet calculated the cost of providing your services—and compared that number to the payments you’re receiving to ensure you’re actually making enough money to not only cover those costs, but also turn a profit—then you should. But the question remains: …

  • Common Questions from Our 2018 State of Rehab Therapy Webinar Image

    articleJul 13, 2018 | 21 min. read

    Common Questions from Our 2018 State of Rehab Therapy Webinar

    Earlier this year, we surveyed nearly 7,000 PT, OT, and SLP professionals on the current state of the rehab therapy industry, asking questions on everything from salary and student loan debt to payer mix and patient dropout. We then compiled their responses into our comprehensive State of Rehab Therapy in 2018 report and hosted webinar during which Dr. Heidi Jannenga, PT, DPT, ATC/L, president and co-founder of WebPT, and Nancy Ham, WebPT CEO, offered their take on …

  • What Independent PT Practices Can Learn from POPTs Image

    articleJul 12, 2018 | 7 min. read

    What Independent PT Practices Can Learn from POPTs

    Physician-owned physical therapy practices (POPTs) get a bad rap in the private practice world. After all, many independent PTs blame them for dwindling referrals and revenues. But, those physicians are doing what every healthcare provider is doing in this challenging healthcare environment: trying to take over the world. Just kidding—trying to remain profitable by adding additional revenue streams that benefit their patients. So, rather than complain about what others are doing—and what is and isn’t fair—PTs might …

  • Aging Out: A/R Basics for Rehab Therapy Practices Image

    articleJul 10, 2018 | 5 min. read

    Aging Out: A/R Basics for Rehab Therapy Practices

    Some folks say the best things in life are free. While that may be true in many cases, in a rehab therapy practice, the best things ( like keeping the lights on , for instance) require cash money. But as any practice manager or biller knows, cash flow from paid claims isn’t always consistent. Between fluctuating reimbursements and aging claims, keeping track of your clinic’s revenue can be a full-time job—especially if you don’t have an efficient …

  • Employee Engagement: Your Most Important Business Initiative Image

    articleJul 5, 2018 | 5 min. read

    Employee Engagement: Your Most Important Business Initiative

    What single business initiative can make your employees want to work harder for you, while inspiring them to be happier than ever with their jobs? Hint: The answer is not more money . The answer is increasing employee engagement . This is possibly the single most important part of an owner or manager’s duties. To tackle this job, we must start with creating unparalleled company culture . Wikipedia defines company culture as “the character of the organization; …

  • The Biggest Budget Mistake in All of Rehab Therapy Image

    articleJul 3, 2018 | 6 min. read

    The Biggest Budget Mistake in All of Rehab Therapy

    WebPT recently completed its annual state of rehab therapy survey , and we found some really interesting trends: some positive—and some, well, less-than positive. For starters, as WebPT President Heidi Jannenga wrote here , “the data showing the distribution of men and women in leadership roles appears to be evening out, which means more women are stepping up to take on bigger professional challenges.” That’s a good thing. Unfortunately, though, we also found that the majority of …

  • Founder Letter: Bubble Trouble: Why Mounting Student Debt is PT's Greatest Financial Threat Image

    articleJul 2, 2018 | 9 min. read

    Founder Letter: Bubble Trouble: Why Mounting Student Debt is PT's Greatest Financial Threat

    In 2008, the United States faced the largest and most devastating financial crisis since the Great Depression: as major banks handed out loans left and right to high-risk lenders—and hid massive interest spikes in the fineprint—many borrowers struggled to make regular mortgage payments, especially when faced with unforeseeable financial setbacks. In the midst of rising property values during the ’90s and ’00s, this worked out favorably for banks—for a while, anyway. But with so many borrowers unable …

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