This post comes from Ascend 2019 speaker Paul Martin, the president of Martin Healthcare Advisors. Want to see Paul speak about rehab therapy business and leadership strategy during a live interactive session? Register for Ascend here. Curious about the rest of the speaker lineup? Check it out here.
Rehab therapy market consolidation is a hot topic that’s only gotten hotter over the last few years. But when large companies start to absorb your local competition faster than you can blink, that hot topic suddenly becomes uncomfortably close—and you may feel pressured to consider a voluntary sale before you’re swallowed up by the flames.
Many physical therapists dream of owning their own practice one day. While some clinicians wait until they’ve been working for years before they take the plunge, more and more new graduates are opting for clinic ownership right out of school. Regardless of when the timing feels right, one of the biggest decisions facing an aspiring clinic owner is whether to buy an existing PT practice or start one from scratch. Many folks wind up purchasing existing practices so they don’t have to build a patient load from the ground up or worry about forging relationships with referral sources.
There will always be a market for private practice physical therapy—but current trends in the healthcare industry do indicate a shift.
In our first webinar of 2017, WebPT’s co-founder and president, Heidi Jannenga, teamed up with CEO Nancy Ham to discuss the current and future healthcare trends that will impact PTs, OTs, and SLPs. (Missed it? No worries; you can view the complete recording here.) As always, we received quite a few questions during the presentation—way more than we could address live.
WebPT has acquired Therabill, a web-based billing software for physical, occupational, and speech therapists as well as mental health professionals.
Partnering for Profit: The Opportunities and Challenges of Bringing in an Investor or Buyer for Your Therapy Practice
In this post, Flexeon Rehabilitation CEO Joe LaPorta details the differences between exiting, stepping down, and taking on an investor. He also explains how owners can determine the value of their PT practices.
Check out this WebPT blog post to find out if starting, partnering, or buying a PT clinic is right for you.
Want to learn about the hottest issues in the PT industry? Here are five more top takeaways from the 2015 Graham Sessions.