Physical Therapy Private Practice: Secrets Of The Top 10%

In our experience, the top 10% of practices are those with a solid company culture, are in demand with their public, and have a Net revenue of over 20% (financially healthy). Understand the rules of the game and take a close look at who you’re involved with in business. Run with these top systems for optimizing your environment, structure and personnel management.

How can a Business Strategic Plan save your physical therapy practice? This is a powerful operational tool that defines the actions of an owner based on the goals that you wish to achieve. It helps you set goals for the year, and targets for each month and quarter. The BSP helps to keep things objective, not emotional!  

Why do you want to bring more cash into your clinic? We must accept that there are things to combat in our healthcare industry - for example, the ongoing threat of insurance cuts. There is a blatant need for change in order to stay ahead of the increasing cost of doing business. Learn how to implement these top options for cash-based success, and more.  

The only way that things change in your life, is when you change them. It’s time to go beyond “thinking outside the box” - throw away the box! Utilize these six tips and creative solutions to fight the ever-decreasing reimbursement in our physical therapy industry. Collect your Net Promoter Score and clinical outcomes to show objective data of your practice. And don’t underestimate the power of the APTA!

One of our star clients, Jason Waz, PT has never had an issue hiring and retaining top talent, even in the competitive Florida market. Learn how Jason has expertly applied his MEG training to attract the best and the brightest, build “intrapreneurs”, hybridize his practice, and more! Discover what’s possible when you apply successful recruiting strategies in your practice. 

Having individual resilience is a true ability. Question: do things seem to just be happening around you, or are you causing them to happen? Do you have actual control of your future? Do you want more than what you’re experiencing in your day-to-day life? Get your head in the game and learn how to apply the Progressive PT Practice Model.  

Running a private practice is not always a walk in the park. So what do we do it all for? Are you doing it for the money? Revisit your purpose and implement these systems to achieve the ideal experience for your patients. Your patients are not just a “knee” or a “shoulder” - they are a person! Learn how to give them the best.   Episode at a glance:  Don’t get stuck in the mechanics  You are in business for the patient  Share the brand  Enhance your environment (front desk!) 

First of all, give yourself some grace. There is a reason you’re feeling overworked! Let’s address some common misconceptions (that Brian learned the hard way) and delve into solutions for you to operate as a business owner first, a therapist second. Don’t forget: there aren’t enough hours in the day for you to outwork a lack of knowledge.  Episode at a glance:  Brian’s story  Common misconceptions  Operational solutions to make your life easier  Operational solutions to make your life easier 

We hope you enjoyed the 4th of July holiday! Are you seeing more patients than your staff are? Are you having trouble differentiating your practice? Do you have a billing horror story? It’s time to identify the leak in your ship, and handle accordingly. Moral of the story… all signs lead to the Progressive PT Practice model!  Episode at a glance: Leaks are most often in: A) personnel B) marketing & branding or C) billing & collections Are you recruiting even if you don’t have an opening? Work backward from your ideal scene Do you have your divisions and statistics laid out?  

This week, we’re revisiting the clinical side of your business to continue moving you away from the Fee-for-service model and in the direction of the Progressive PT Practice model - the future of our profession! Learn how to run your practice in 2023 and beyond with maximum viability and productivity using the Hybrid Practice model. Be a practice of the future, not a practice of the past!   Episode at a glance:  The practice model of the future Reduce your payroll  Personnel Improvement Program (PIP)  Two types of hybrid models  

Spoiler alert: it’s not about your bank account! How do you and your staff truly thrive? You thrive, together. Despite the challenges in today’s workforce, you can use these tools to elevate your environment and set your practice up for success. Stay in tune with your group both personally and professionally.     Episode at a glance:  What does it mean to “thrive”?  Ads to attract top talent  Professional development and mentorship  Conflict resolution 

This week we are so excited to interview Dr. Laura Park Figueroa! Laura is a nature-loving Occupational Therapist and the Founder of Outdoor Kids OT, Inc., a nature-based pediatric occupational therapy practice, and Therapy in the Great Outdoors, an online multi-disciplinary resource hub for nature-based pediatric therapists. What better place to help people make therapeutic gains than the great outdoors?!   Episode at a glance:  What is nature-based therapy?  Research-proven outcomes and benefits  The ConTiGO Approach  Braving real-life challenges  Business logistics for nature-based 

How can you best succeed in leadership? Don’t forget, as the physical therapy practice owner you’re a leader first, clinician second. We can’t ignore that the cost of doing business continues to skyrocket. The fact is, the better you are able to lead, the more successful your private practice will be for it.   Episode at a glance:  The definition of leadership  The four types of owners  Observe, decide and act  Leadership concepts and abilities 

This is something that we hear practice owners struggling with across the country. You simply cannot afford to wear the condition of your team members. Tune in for real world examples and role-play handlings to learn how to let go of the toxic individuals that are dragging your practice down.   Episode at a Glance The longer you let the bad apples stay, the worse the effects  Two types of employee that you don’t want on your team  PIP - Personnel Improvement Program   Training & onboarding is everything 

Are your efforts directed in the wrong area? Are you distracted from your efforts? Many people just do, do, do without taking a step back and thinking, why? Let Brian’s questions in this podcast guide you to a better understanding of yourself and your business approach in private practice.   Episode at a glance:  What is holding you back?  100% of your job, 100% correct  Survey your patients  Acknowledge and validate  Recruiting advice 

We now re-enter the Remote Therapeutic Monitoring (RTM) space from a different perspective with Steven Liska, DPT from LimberHealth. Statistics show that 80% of patients' outcomes are determined outside of your clinic in the way that they stick to their plans of care and home exercises. Learn how to infuse more communication and engagement into the therapist-patient relationship - including a mock rollout role play of the service!   Epsidoe at a Glance: RTM complements what’s already being done in your practice  Better patient experience  New income vertical for more revenue  Care navigators (PTs or PTAs) 

We are honored to be joined by John Hopkins and Cornell University alumnus, Dr. Maurice Hinson, for a compelling discussion on the shortcomings of our current healthcare system and the necessity of addressing the root cause of illness through quantum and alternative medicines. Learn how you can incorporate these concepts and practices into your physical therapy clinic. Remember: without inspection, there is no advancement!   Episode at a Glance:Healthcare versus “Healthcost” system Sound and light therapy Evolution of quantum medicine   Spiritual component of healthcare The importance of the Hybrid Model 

As a general rule, people do not like change, and naturally so! Change is an essential part of business, but is often met with resistance from employees. How you choose to handle this is what truly defines you as a leader. Implement this strategy to successfully roll out change in your private practice.    Episode at a Glance: Pilot new programs first  Build a step-by-step plan  Be willing to pivot  Persistence gets the prize  Motivate through purpose 

Today, we address the top considerations that we hear PT owners are struggling to handle with their staff - both clinical and nonclinical. Get back to their purpose in physical therapy, and therefore why you hired them. Make sure you’re transparent about your employment ladder and that you’re applying the two-way street of exchange Episode at a Glance: Physical therapists do not bill  It all starts with purpose  The best clinical schedule  Documentation is crucial  Your clinicians are not marketers 

This week we welcome back our friend Vikram from PT Wired to discuss another approach to RTM (Remote Therapeutic Monitoring). Get educated on RTM and this unique self-service strategy to bring this awesome tool to your patients. Tune in for a detailed breakdown of how you would implement this into your private practice.  Episode at a glance: Self-service RTM model  Interactive communication workflow  Full continuity of practice brand  Control = income