articleSep 21, 2018 | 5 min. read
Bad Debt Blues: How to Keep Your Clinic Out of the Red
Many practices are experiencing higher levels of bad debt than they have in the past—partially due to the proliferation of high-deductible health plans that place greater financial responsibility on patients. And when patients don't pay the full amount they are responsible for—and practices fail to collect past-due amounts—the go-to solution often is writing off those totals as bad debt. But financially, that is not an ideal course of action. So, let's talk about how to optimize your …
articleSep 19, 2018 | 7 min. read
Right on the Money: The Ultimate Guide to Accurate Rehab Therapy Billing
Most of us went to physical therapy school to treat patients, not to spend our lives mired in stacks of paperwork. But that’s what physical therapy billing can feel like: endless mountains of forms, claims, and invoices . As much as we malign it, though, billing accurately for our services is crucial to keeping our clinic doors open so we can continue to treat those patients. Because most of us haven’t received formal training on how to …
articleAug 16, 2018 | 4 min. read
How to Get the Most Out of Ascend 2018
Ascend is only a few weeks away, which means it’s almost time for our favorite event of the year! And this year, we’re hosting it in our favorite place: our hometown of Phoenix. What makes it even more special is that (1) we just moved into our brand-new headquarters, and (2) we’re celebrating WebPT’s 10th birthday. So obviously, we’re super-pumped to share our new space, our community, and our 10-year festivities with all of our Ascend peeps. …
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 …
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 …
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: …
articleJul 12, 2018 | 7 min. read
What Independent PT Practices Can Learn from POPTS
Physician-owned physical therapy services (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 …
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 …
articleJun 29, 2018 | 9 min. read
The Ultimate Guide to Using Reports in WebPT
The word “report” often carries a slightly negative connotation. After all, who honestly gets pumped up about things like book reports, progress reports, or TPS reports ? But, when it comes to boosting and maintaining the health of your business, reports can be extremely valuable. And because there are already tons of awesome, easy-to-use reports available within WebPT, you don’t have to go far to take advantage of these tools. Plus, we recently launched Analytics , so …
articleJun 28, 2018 | 6 min. read
Accounting Tips To Keep Your PT Business Running Smoothly
Healthcare business owners tend to wear a number of different hats to keep their businesses going. Many have to learn to juggle patient satisfaction , employee performance , and overall clinic success. And while most PT providers focus heavily on the clinical side of things (i.e., providing top-notch patient care), they can’t continue helping patients if they don’t keep their finances in order. With that in mind, here are seven tips to help you overcome one of …
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