Opening a new physical therapy practice is a great way to supercharge your career; it sends you down a path where you can learn more skills, influence the lives of more patients, and increase your personal wealth. But opening a new clinic is no easy task—especially when it comes to saving up the capital necessary to, at bare minimum, get the clinic up and running.
We have a long way to go before the world gets back to normal (or some semblance of normal), but we’ve made good progress. According to this report from the Bureau of Labor Statistics, unemployment fell to roughly 8.4% in August.
By now, you’ve probably heard about the latest trend in physical therapy practice models: concierge-based clinics. For many practice owners—or future practice owners—the idea of spending as much time as you need with each patient and offering a
For many physical therapy new grads, the National Physical Therapy Examination (NPTE) is the last hurdle standing between them and a long, fulfilling career as a licensed physical therapist. And it’s a relatively tall hurdle—one that typically requires months of dedicated preparation to clear. On that note, how you prepare can make all the difference. Here are my suggestions:
2020 has heralded wave upon wave of change for rehab therapy practice owners, but one thing remains a constant: the need to keep existing patients actively engaged and bring new patients through the door. Whether you’re in the early stages of reopening your clinic or looking to ramp up business, putting together a marketing plan that’ll get you to the next step is absolutely essential.
Treating patients and helping them heal can be tremendously rewarding, but providing hands-on therapy—as a generalist PT, at least—might not float everyone’s boat. I mean, consider my job. I’m a professional writer (and I kind of like it), but the idea of churning out listicles and research articles probably sounds nauseating to a lot of people.
Back in March, the future seemed hazy—to put it mildly. COVID-19 cases were spreading throughout the US, many states went on economic lockdown, and a huge number of small businesses suddenly found themselves without enough revenue to stay open—let alone pay their employees.
CMS has thrown down the gauntlet for PTs and OTs. It yet again challenged us, clear as day, to fight for our Medicare payments and prove our worth as healthcare providers. Sure, CMS isn’t looking for a literal round of fisticuffs—but its planned payment reduction will inflict harm just the same.
During the first half of this year, many practices found themselves making the difficult decision to furlough employees—or lay them off completely. Fortunately, the physical therapy market has bounced back somewhat, but there are still many physical therapists waiting to go back to work—and many practices that have yet to open their doors since March. As a result, a number of PTs are still out of work and on the hunt for alternatives to a permanent position.
PDGM. It’s a dirty, four-letter word (acronym, actually) that all skilled home care agency owners hate to hear. The Patient-Driven Groupings Model (PDGM) launched January 1, 2020, to a tremendous amount of apprehension and protest from those in the home care world.
Attracting patients to your rehab therapy clinic can be challenging—even on a good day. During a pandemic, it can seem downright impossible—especially if you’re operating on a tight budget (and these days, who isn’t?). But despite all of the challenges 2020 has brought our way, the fact is, there are still patients out there who need rehab therapy services.
You might think that transitioning between adult and pediatric telehealth physical therapy is a piece of cake, but I’m here to tell you that you should definitely do some homework before embarking on a virtual journey with littles.