Episode 24: It May Be Time to Rethink Your Business Model

There are now valid reasons to consider changing your physical therapy business model in order to react to the current and future market of PT private practice in your geographical area. There are no Blockbuster stores around anymore largely because they ignored what was happening in their industry, causing them to fall behind resulting in bankruptcy.  Don’t fall behind in your area and wait to make a change until it’s too late and you are suffering financially. You need to be true to yourself in business and personally in terms of how you can exchange in abundance with your patients, your staff, and your community if you want to succeed long term. 

KEY TAKEAWAYS

  • Be true to yourself in business and in terms of how you exchange in abundance with your patients, staff, and your community.
  • Be willing to change your mind and admit what you are doing may not be working. Don’t carry feelings of defeat about this.
  • Brian discusses the four business models: in-network, out-of-network, all cash model, hybrid model.
  • We talk about the pros and cons of each of these models to help you determine which might be right for you.
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