For physical therapists, dwindling reimbursements are a fact of life. If that wasn’t stressful enough, PTs are also facing a market that’s growing more competitive every day. So, what’s a PT practice to do? Simple: It’s time to hop aboard the health and wellness services train. But taking a running jump into the world of diverse revenue streams is often easier said than done. A lot can go awry if you don’t look before you leap—from spending too much money on equipment you rarely use to rendering services for which your staff can’t legally accept payment. Fortunately, WebPT is here to help.
If you’ve been to Ascend—or any business-related rehab therapy event—you’ve certainly heard this common complaint: “There are so many patients who would benefit from OT, PT, and SLP—but they aren’t making it into our clinics.” To make matters worse, we therapy professionals aren’t very good at retaining the patients who do come to see us.
There are technology companies in our market that are spreading misleading information about MIPS to convince providers to purchase their products and use their services.
The therapy practices that will be successful and profitable in the current healthcare environment are the ones that expand their revenue potential beyond third-party payments
While you can’t force your patients to adhere to their plans of care, there are ways to maximize your efforts.
It’s official; we’ve closed out 2018 and are stepping into a brand-new year. While I don’t recommend saving up those important intentions and resolutions for the kick-off of a new year, it does represent a potent time to release the things that no longer serve us—and embrace more of what does. In the past, I’ve used this occasion to put out some predictions for the year to come—and I’ve done that again here—but right now,
Last month, WebPT announced the recipient of the 2018 BMS DPT Scholarship. BMS Practice Solutions originally established this scholarship in an effort to support DPT students in furthering their education and achieving their PT aspirations. Now that BMS is part of the WebPT family, we’re carrying on that tradition—and we’re pleased to announce Katherine “Kat” Ziemke is this year’s scholarship winner.