This week we’re talking about what is going on with these routine cuts in reimbursement against our profession as physical therapists. Take a non-bias view of our political climate and you can see, clear as day, that many are set on government-run universal health care. According to the Advisory Board – an organization of 350 health care professionals with a network of 4,400 members – health care spending will become greater than 20% of the US GDP by 2025, topping more than $5.5 trillion annually. The government could raise billions, if not trillions, of dollars each year in fees and taxes by wedging themselves into this sector of the market.
Episode at a glance:
- Ten years ago, 75% of your patients visited three times per week, now we’re lucky to have 35% of patients visiting three times per week. Yet, we know people have better results with more frequent, and earlier, interventions.
- Why did you go to Physical Therapy School? Was it to bring an abundance of care to your patients so that you can help as many people as possible?
- Physical therapists can not form Clinically Integrated Networks (CIN) unlike Physicians, hospitals, and other healthcare providers.
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.