How coding for complexity now will impact PTs and OTs in the future.
Fall is officially here—and all across the country, people are enjoying cozy sweaters, crisp mornings, and pumpkin spice lattes. For those of us in the physical therapy space, fall brings another exciting seasonal ritual: National Physical Therapy Month (NPTM). Each October, the PT community—led by the APTA—unites around a specific theme as we celebrate and promote our profession. In an effort to bring even more attention to its #ChoosePT campaign, the APTA has decided to make this social-ready catchphrase the theme of NPTM 2016.
It’s September, which means the weather’s cooling down, pumpkin-flavored everything is now available, and students—including future physical therapists—are heading back to school. If you’re in PT school right now, then this letter goes out to you, because the industry that you’re about to step into isn’t your grandparents’. It’s not even your parents’.
How commoditization is keeping PTs down—and what they must do to rise up.
Managing a practice isn’t easy, and it’s natural to be overwhelmed by the pressure to cut costs and boost your bottom line. What I learned in my experience as a multi-clinic director, though, is that it’s actually possible to improve your cash flow without resorting to trimming expenses. I’m not saying it won’t be challenging; but, it is doable.
According to Merriam-Webster, a prediction is “a statement about what will happen or might happen in the future.” I don’t know about you, but when I think about what’s in store for our industry, I’m not satisfied with applying that definition to my hopes for the future. Why? Because I’m about more than just making statements; I’m about taking action.
Here’s how data collection will influence your future payments—probably a lot more than you think.
October 1—the day that marked the transition to ICD-10—is behind us; we made it. And so far, so good. According to this Modern Healthcare article: “One of the most maligned and feared events in healthcare history began with a whimper.” Although ICD-Day has come and gone, it’s prudent to remember that a “whimper” of an introduction doesn’t necessarily indicate what’s to come.
By now, it’s obvious that the entire US healthcare system is going to face a huge change come October 1: the transition to ICD-10. This new—well, new to us—way of coding has been on the discussion table for decades, and for the last several years, its implementation has been the topic of much anticipation as well as a fair amount of resistance. So, if you find yourself in the dark—completely unaware that ICD-10 is happening—then frankly, there really are no excuses for your ignorance or your lack of preparedness.
In this month’s founder letter, Heidi explains why WebPT created the Mean Tweets video and why she wants PTs to get on Twitter and share with the world their value.