In this week’s episode of Secrets of the Top 10%, Brian talks best practices for the best practice. In order to be the best, you need to know what the best practices are. All professional athletes have their own private coaches and trainers working with them nonstop to always improve their abilities. This week we’re answering questions from startup owners about management best practices and sharing a few success stories from our clients.
Episode at a glance:
- PT school is deficient in preparing those who wish to go into private practice by lacking training in personnel management, executive training, billing, marketing, and financial management.
- In addition, PT School is also deficient in training PT’s in how to properly handle people.
- Other best practices in setting up your practice include:
- Systems of operations with standard operating procedures for all to follow.
- Understanding the metrics (64 key statistics), salary caps
- Financial management, reporting, and projecting.
- How much is too much when holding others accountable.
- Key policies one needs to follow in order to be successful in private practice.
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.
