In honor of this month in which Speech-Language Pathologists (SLPs) all over the country join together to spread the word of awareness, I thought it would be appropriate to share with you a way for you to grow your practice, help more individuals in need, all the while reducing your practice’s operation costs.
This month WebPT was highlighted in an OVUM Report titled, “The Ambulatory EHR Competitive Landscape:Prominent Market Factors.” We are proud to be in the company of other well-recognized EHR vendors such as Allscripts, eClinicalWorks and Vitera Intergy. The report written by OVUM analyzes the ever changing factors within the EHR landscape and provides recommendations to providers approaching EHR implementation.
For some of the best ideas to increase revenue in your clinic, look no further than your staff! That’s right one of the easiest ways to gather intimate data about your clinic is to ask the people who work for you. You might be thinking “If my staff sees an issue, they will bring it to my attention.” That may be true, if it’s a big enough issue, let’s hope that they say something. Given that your staff is probably pretty busy during the day, however, it may take asking them point-blank in order to jog their memory. Putting a question front and center gives it it their attention.
Our blog post today was written by WebPT member, Dr. Sam Esterson, PT, MA, MBA, DScPT. He is the owner of Esterson and Associates Physical Therapy. He is also the author of a well-received book written in 2003, entitled Starting & Managing Your Own Physical Therapy Practice: A Guide for the Rookie Entrepreneur. Dr. Esterson will be a featured guest on this month’s webinar. Learn more here. Thanks to Sam for his wise words.
Those forward thinking and self-motivated therapists who possess a powerful drive to grow, are goal-directed, and have low blood pressure are ones who may be the best candidates to jump in, full throttle, and consider opening up a practice “on their own.” Sure, there’s much to consider and plan, but, if you are a therapist working in an environment where you are constantly thinking, “Gee, I sure could do this better, easier, more creatively, and/or more cost-effectively,” then, you may have “the itch.” The people who generally have this spirit are called “entrepreneurs.” An entrepreneur is one who organizes, manages and assumes the risks of an enterprise. The term comes from the French, entreprendre, meaning, to undertake. Entrepreneurs demand as much of themselves as they do of others. They have a passion for their dreams and do not easily take “no” for an answer. Entrepreneurs see opportunity when others see potential failure. They see the proverbial glass half-full while others perceive the glass half-empty.
There are some therapists who may think that by opening their own practice, they will become their own boss and not have to take orders from others ever again. This concept cannot be further from the truth. In fact, once you open your own business, you will have many bosses, including the referring practitioners who have clinical demands on you, insurance companies who direct your care by virtue of how they reimburse you for services rendered, patients who have a knack for manipulating your time and efforts, and even your staff who place constraints on you in many ways.
Last month we gave you some marketing tips to get your clinic in good health for the New Year. The next topic we want to consider is a little bit more serious. Many clinics have their billing practices in place and haven’t really considered what options are available. The truth is, your clinic has many options when it comes to billing and switching to a method that makes more sense for you could have a dramatic effect on your bottom line.
While looking at an EMR for your clinic, it can be hard to understand what will work for you and what won’t. To add to it, the messages in the industry seem a bit mixed and muddled.
On any given day, you may read an article outlining all of the reasons why EMR adoption is slow and difficult for a non-technical staff. A number of reasons fault the user and not the software.
The next day, you may read an article that shows 25% of clinicians use a Smartphone and a tablet in their day-to-day documentation and patient management.
We have a hard time believing that the same clinicians who are having trouble moving their documentation to the cloud are the same ones who use iPads and Smartphones on a daily basis. While every clinic needs to asses the right technology for their practice, it is up to the providers to know and understand the needs of the therapist. This is not a new idea. Successful businesses listen to their customers and provide a product that solves their problems. By that same token, it is through asking key questions of your EMR provider about thier philosophy and business that can help you to understand who you’re dealing with.
Top 15 Questions to ask your EMR provider
When reviewing EMR providers, you’ll want to ask key questions to understand the quality of the product and the security of your data:
Working together just got easier
Practices with multiple clinics are realizing the benefits of WebPT in a big way. WebPT’s focus on simplicity, compliance, and ease of use make it truly unique. But the biggest headaches for multiple clinics vanish when clinics take advantage of the elegant built-in features that save time and money while enhancing standardization across clinics.
TOP 10 Benefits to Multi-Clinic Practices
Cutting costs is a big part of every business these days, and it is no different for a PT environment.
There is no question that the move toward buying and installing a PT practice documentation system is a great move for your practice. The benefits in terms of efficiency, elimination of paperwork and increased revenue generation due to better management of billing practices are many.
This basic handbook on how to start up a private physical therapy practice is a hands-on guide for any physical therapist who is contemplating or preparing to go out on his/her own. Starting and Managing Your Own Physical Therapy Practice is a one-of-a-kind guide that offers insight into the how’s, what’s, and where’s of private business and gives the practitioner enough information and insight to veer him/her in the proper direction. This book is a guide map, a tool developed to open your eyes to what is necessary to open and run your own, successful practice. Insights and ideas are taken from the author’s twenty plus years of professional and business practice in many venues from large hospital facilities and corporate therapy groups to private practice enterprises.