How to compute the impact on your physical therapy billing charges due to reduction in patient visits, service units, or charge per unit One of my favorite Physical Therapy clients recently voiced a concern about his billing.  I asked if he has seen any other changes in his physical therapy practice, such as patient visits,…
Fred Lee, the author of If Disney Ran Your Hospital: 9.5 Things you would do differently, has great story-telling talent and a unique combination of first-hand experience working at hospitals and Disney. This book compares the workflows and cultures at both and teaches us how to design modern hospital patient interactions for success. It turns…
Physical therapy profitability really depends to a great extent on how much your patients value and like your services.Harvey Schmiedeke, President of Survival Strategies and author of Keys to Private Practice Success used to have a client in a northern US border area (p. 134). “Canada as you know has socialized healthcare, supposedly offering everything for…
How to Select the Right Incentives to Improve Your Bottom Line By Yuval Lirov, PhD, Dave Macolino, and Kevin McGovern, DPT “So, why don’t we move all of my staff on commission?†asked Peter. “That’s the right business approach,†responded Alicia, “except most people do not have self-confidence and productivity to work on pure commission.…
A recent study published in Spine shows that active physical therapy for patients with acute low back pain is associated with better clinical outcomes. APTA concurs on decreased use of prescription medications, MRI, and epidural injections; and lower health care costs than passive physical therapy. The study consisted of a retrospective review of 471 patients, ages…
By Yuval Lirov, PhD, Dave Macolino, and Kevin McGovern, DPT Continued from Physical Therapy Profitability | Staff Compensation Strategies – Part I. Peter went to college with Katherine. They graduated together and were good friends. Katherine opened her physical therapy practice four years ago and was in the process of opening her fourth location. She…
Physical therapists provide high quality health care that is covered by most health insurance companies. They help restore function, improve mobility, relieve pain, and prevent or limit permanent physical disabilities of patients with injuries or disease. They also restore, maintain, and promote overall fitness and health. The use of physical therapy benefits both the patient and the…
Integrating bestPT physical therapy billing software with WebPT EMR software provides the best hybrid physical therapy billing solution. A charge created in WebPT travels to Vericle physical therapy billing software platform for electronic submission, financial reporting, and meticulous followup. In a June EMR Monthly, WebPT Member Spotlight writes about McGovern Physical Therapy Associates: “For 9…
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