Category Archives for Private Practices

The State of PT During COVID-19

In the past, we’ve discussed the state of PT and our aspirations to Flip the Pyramid and make conservative care the first choice for people in pain – ahead of injections, medications, and surgery. But the current state of PT looks a lot different than it did just a few months ago due to the […]

Continue Reading

How Private Practice PTs Can Help More People During The Pandemic

  • a couple of months ago
  • / By Chad

On a recent Breakthrough webcast, we talked about flipping the pyramid in the healthcare industry to capture more of the spend on health services. Right now, about 72% of what’s spent on healthcare each year goes to surgery, injections, medications, and diagnostic imaging. Just 2% goes to physical therapy, occupational therapy, and speech combined. We […]

Continue Reading

How PT Owners Can Navigate Employment Law Issues Related to COVID-19

  • a couple of months ago
  • / By Chad

Physical therapy practices across the country are facing unique working conditions during the COVID-19 pandemic. Some practices are closed altogether, while others are operating under limited conditions. In either case, the situation is giving way to several employment questions and potential issues. In addition, the federal government has rolled out a stimulus package available to […]

Continue Reading

3 Pillars for Helping Your Practice Survive the COVID-19 Crisis

  • a couple of months ago
  • / By Chad

COVID-19 is on a lot of owners’ minds these days, and for good reason: it’s a threat to the health and well-being of our loved ones and the businesses we’ve worked hard to build over the years. Many practice owners are struggling in different ways during the pandemic: cancellations might be at an all-time high. […]

Continue Reading
Mitigating the Impact of COVID 19 as a PT

Mitigating the Impact of COVID-19 as a PT Private Practice Owner

COVID-19 is affecting businesses of all industries and sizes, and private practice is certainly not exempt. We’re in the midst of an unprecedented event with no clarity on the best path forward. There are a lot of unknowns, particularly concerning the long-term impact of the coronavirus and how owners can start planning now to mitigate […]

Continue Reading
What Private Practice PT Owners Should Focus on in Times of Crisis

What Private Practice PT Owners Should Focus on in Times of Crisis

It’s not an easy time to be a small business owner. COVID-19 is temporarily changing the way many industries do business, and private practice Physical Therapy owners are feeling its effects, too. Depending on where you live, you may find many non-essential businesses around you shutting down. Your phone may be ringing less, and you’re […]

Continue Reading
Breakthrough PT Summit 2019 Recap

Breakthrough Summit 2020: A Recap of Our Biggest Event Ever

I’m still (almost) speechless at the amazing turnout and takeaways we experienced at the Breakthrough Summit. This was our biggest event ever, with more than 350 PT’s and professionals joining us, along with a killer list of speakers that shared their strengths and insights to help other PTs grow their practice. We had a lot […]

Continue Reading

What Can PTs Do about Declining Reimbursements?

This question came from a practice owner: What can PTs do about declining reimbursements? Costs are going up for private practice owners. Meanwhile, reimbursement rates relative to inflation are going down. Compared to 20 years ago, we’re paying more for staff salaries, operating space, supplies, and all the other costs of doing business. If you […]

Continue Reading

The Ultimate Guide for Hiring the Best Physical Therapist Staff

You might feel like a superhero when you’re helping patients regain their quality of life, but even superheroes have their limits. At some point, you’re going to need to hire staff if you want to keep growing your practice. You, personally, only have so much time in a day. Most private practice owners don’t want […]

Continue Reading

Action Plan: CMS Proposes 8% Cut in Medicare Reimbursement for Physical Therapy

CMS has revealed a plan to make significant cuts to Medicare reimbursement for PTs on the physician schedule for 2021. This will be the fourth proposed cut to PT and conservative care in the past 24 months and many practices are struggling financially with a national average profit margin of 4%. There are practices that […]

Continue Reading