Episode 167: How to Manage Increasing Private Practice Operational Costs

This week we dive right into the nitty-gritty of ways to optimize your operating expenses. This harkens back to our training on the 4 Keys to Practice Success: Environment, Structure, Personnel, and Systems of Operations. Jump in to learn how to lead from above as the practice owner, not from below!  

Key Takeaways/Points 

  • Practice according to the APTA 
  • Don’t seek to be liked or admired 
  • Personnel is the #1 operational cost 
  • Make sure your therapists are 85% efficient 
  • PTs do NOT bill 
  • Follow your stats and metrics 
  • Give an abundance of care 
  • “Dear Doctor” letters 
  • Get your quality of care up 
  • 65% of your evals per month should be return business 
  • Coach your admin staff on what their products are 
  • Stagger the hours (your clinic has to be open at least 50 – 65 hours per week) 
  • Address your schedule (Environment) 
  • Get rid of some product inventory 
  • Lead from above, not from below 
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Physical Therapy Billing Test

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