Believe it or not, it’s that time of year again. Now that we’ve entered November, today marks just 57 days until calendar year medical benefits will reset for many of your patients. Renewed deductibles, expiration of existing insurance plans, and the zeroing of health savings accounts will mean more money out of pocket for your…
I love analyzing physical therapy markets. Taking what everyone else sees, and drilling down to a level of understanding that no one else sees is an exciting and insightful exercise, and I believe it to be a key to a good physical therapy business strategy. If you look at the stock market like most (myself included), you might…
It’s safe to say we’re all navigating uncharted territory. The COVID-19 pandemic has hit us in ways we could never have predicted, causing disruptions that have upended pretty much every aspect of our lives. And of course, private practice physical therapy clinics haven’t been immune to this chaotic chain of events. Through our work here…
With both PDPM (Patient-Driven Payment Model) and PDGM (Patient-Driven Groupings Model), there has been much discussion about the reduction of therapy utilization—and related staffing reductions—in both the skilled nursing and home health therapy environments. These fears have not been entirely unfounded. A Skilled Nursing News poll found that nearly half (43%) of skilled nursing operators…
Providing quality, end-of-life care is the primary focus of hospice care, but it’s your billing function or, more specifically, your revenue cycle management (RCM) process that will determine whether you have the cash flow needed to pay staff and successfully manage growth. To clarify, revenue cycle management (RCM) encompasses all the administrative and clinical activities…
If you have a physical therapy clinic, you’re probably non-stop-busy helping your patients, running your business, networking and building your practice. For many, the idea of doing social media posts and promotions are at the bottom of the list and often don’t get done. However, social media is actually a big part of building your…
A robust email list is one of the most important things a PT business — or any business — can have. It enables you to communicate with your patients and best prospects in a meaningful way. You can promote special offers, events, giveaways, new services, celebrate new employees and much more. So how to you…
Is your PT practice thriving or are you having a few too many empty slots in your schedule these days? The reality is, you’ve got to fill your schedule in order to pay your bills and stay profitable. But how do you find new patients? You might be surprised to hear that the best place…
You’ve got a great website. That’s the first step in building your online presence. But have you set up Google My Business yet? If not, locals looking for your business online may not be able to find you and your beautiful website. It’s a core element of local SEO and super important for your PT…
In the perfect world, outpatient therapy billing is a seamless process that ensures all parties are appropriately billed, compensated or reimbursed for services rendered. After all, it’s a daily routine in your practice, so it should run smoothly 99% of the time, right? Right! Except we all know that’s often not the case. The Government…