On today’s podcast, Brain is ready to have a discussion and drill down to the core of what’s really behind this 9% cut. As an advocate and member of the APTA, he refers to some of their material on the topic. It’s time to get positive – and change your operating basis. Tune in for some stabilizing advice & info on what this thing is and what to do about it.
Episode at a glance:
- Pay for what you use
- Get your payroll under 60% of your total gross income – cut overhead
- This cut = the conversion factor
- Understand your RVUs (Relative Value Units)
- You need 20% of your revenue to come from cash-based services
- 40% increase in 5 year’s time for PT services
Brian Gallagher, PT is the founder and CEO of MEG Business Management, LLC. He has more than 27 years of experience in the field of rehabilitation and 19 years in business and specializes in Physical Therapy practice management and executive coaching nationwide. As a licensed business management consultant, Brian has helped hundreds of business owners nationwide improve their business operations through proper restructuring to achieve improved systems of efficiency and productivity as well as marketing and sales with effective public relations which have proven results for double-digit growth year-over-year with businesses around the country.