What are the habits that a physical therapist needs to accelerate their progress towards success? Working with some of the most successful clinic owners in the country, and by identifying what they want to achieve, Erika Trimble has identified what the 10 key successful habits are for clinic owners who want to live their professional dreams.
To read more, click here: Success Habits of Business Owners in 2017
Why Headlines and Graphics are Important in Your Direct Mail Marketing CampaignBy Steve Messineo, DPT, Owner, YourBizSuccessCoach.com
Have you ever sent a marketing letter to a local physician promoting your practice in the hope of seeing more patient referrals from that physician?  If so, what did you do to the letter to help it grab the doctor’s attention?
If you are like most physical therapy clinic owners, chances are you didn’t do much to it. Most likely, you wrote a “Dear Dr. So and So†letter telling him or her all about how your practice is ideal for his or her patients. No headlines, no eye catching graphics or pictures. Just a “plain Jane†letter.
Unfortunately, physicians get enough of these letters from other PT’s and other vendors looking to promote their products or services. It is enough to put them asleep – something they can’t afford to be doing when treating their patients.  So, more often than not, these type of letters get filed in the TRASH without the message about your practice getting through.
Don’t feel bad – most physical therapists are not taught effective marketing techniques in school to promote themselves and their businesses.  But, there is hope.  There are plenty of sources for PT clinic owners to get the training they need to be effective marketers – more about this later.
If you have had some marketing experience, then you know that implementing attention grabbing headlines and graphics/pictures that accentuate the message you are delivering in your letters to physicians, is the way to go if you are looking to convert physicians to consistent referral sources for your practice.
At the same time, there are strategies behind creating an effective headline and using appropriate graphics. Â How do you learn these strategies? Â Well, one way is to look up marketing courses for PT clinic owners, pay for one, and go through the education process.
The other is to attend my upcoming webinar where I will share outside of the box marketing strategies that will help increase the number of patient referrals to your practice.
If you would like to attend the webinar, “Outside of the Box Strategies for Marketing to MD’sâ€, you can register for it by clicking a button below or above.
Getting Patient Referrals “It’s all Who You Know and How Well You Know Them.”By Steve Messineo, DPT, Owner, YourBizSuccessCoach.com
Physical Therapy and other health care clinic owners are always looking for ways to get more patient referrals from the variety of referral sources out there. In this article, I am going to specifically talk about getting referrals from MD’s.
Getting physicians to consistently refer to your practice, especially if they do not know you very well, is a HUGE challenge for any clinician who is unskilled in the ways of sales and marketing (which means the majority of people in our profession, likely including you – just saying.)
Now, if you are skilled in sales and marketing in addition to being a healthcare professional, then you have a BIG advantage over your competition and you probably have no problems getting MD’s to send patients your way.
But if you are not, then read on as I am going to tell you how you can do so with a little consistency and persistence. What you need to do is get to know your potential source REALLY well.
Now you may be thinking “How am I going to do that? The MD’s I am trying to connect with are never available for me to do so.” That may be true, so you have to find another way to get to know them.
There are several different ways you can do so. I will not be able to cover them all here, but I will give you a few examples.
The first is to create a survey of 8-10 questions where you ask the doctor HOW YOU AS A PRACTITIONER CAN HELP TO MAKE THEIR LIFE EASIER with respect to treating patients. Then ask some additional questions about them like “What do you like about being a physician?” or “what is your favorite hobby or activity outside of work?’
Show them you have a personal interest in them and in helping them and you should see a couple of good responses to those surveys. Then follow-up with a thank you and a mention about something they shared with you.
Another way is to get to know their “gatekeepers” when you visit their offices. I mean REALLY GET TO KNOW THEM and show that you believe they have a very important role. Make them feel good about your visit. It doesn’t take much effort.
As you develop a relationship with these gatekeepers over time, you will find they are much more willing to help you to get to know the doctor as well. For example, you may ask them to let you know when the doctor’s birthday is and what kind of coffee he likes.
Then you send the doctor a birthday card along with a Starbucks or Dunkin Donuts gift card. Imagine his/her surprise receiving a card from you out of the blue on his/her birthday.
He/she is going to suspect someone in his/her office told you when his/her birthday was and when he/she goes to find out who, that person is going to tell the doctor what a great person you are. This could go a long way to helping you establish more of a relationship with that MD.
My point of all this is, as with any business, success comes to those who truly get to know their customers well and who make the greatest effort to take care of their customers. Doctors in a way are your customers. Treat them like you treat your patients and you’ll have more referrals than you can deal with.
If you want to learn more about effectively connecting with physicians, then register for my upcoming webinar on August 20th called “Outside of the Box Marketing Strategies to Get More Referrals from MD’s.” I’ll show you how to set up an effective marketing campaign to MDs that will drive in more patients for your clinic.
Who do you know to help you attract more referrals from physicians?
Get What You Want for Your Clinic – Here’s How…By Steve Messineo, DPT, Owner, YourBizSuccessCoach.com
In the last two weeks I have had two Physical Therapy clinic owners who are new clients tell me that they want a different type of patient population than the type they are getting.
In both cases, they get a lot of Medicaid patient referrals. This is bad for 2 reasons: 1) Medicaid reimbursement is terrible, and 2) Medicaid patients are terrible about keeping their appointments.
Both clinic owners want more private insurance patients to come in. So when I asked them if they are marketing to doctors or companies who can refer more private insurance patients, they both said “No”.
In fact, both clinic owners weren’t doing any marketing whatsoever! Ummm – f you really want something, then you need to let people know what you are looking for AND how it will benefit them when you get it.
That is the whole idea of marketing. Yet many clinic owners, like my two clients, will tell me the marketing they have done doesn’t work so well OR they don’t have enough time to do marketing.
Yeah – So what they are really saying is they have never tested and tweaked their marketing enough to make it successful. Or they are saying “I don’t have enough time to let people know what I want and put more money in my pocket”.
Now, I am kidding here a bit. The fact is, physical therapists are not taught marketing strategies when they are in school getting their degrees. Most clinic owners have to figure it out for themselves once they open a practice.
Like treating a patient, there is a science and strategy behind a good marketing campaign. It is not something you learn overnight. Like your treatment skills, it takes practice to become good at it.
Unfortunately, most clinic owners don’t take the time to do so because it is easier to find other things to do that they are more comfortable with. Let me ask you, were you always comfortable when you were in PT school?
Probably not. If you don’t have a good marketing plan for your clinic and have not acquired the skills needed to be a good at marketing your practice, then it is time for you to get out of your comfort zone again and learn marketing.
It will make a huge difference in the type of patients you get into your clinic(s) and will most definitely increase your bottom line if you make the effort to do so.
What are some out of the box strategies you use for attracting more referrals from physicians?
Shannon could have thought of better ways to spend those $30,000 with her husband, Mike, and their two small daughters, Heather and Laurie. Like taking that vacation to Europe as they had always wanted. Or buying a new family car so Mike would not have to drive the old, rusty van anymore.
It seemed like failing that audit last month caused a wound that just would not heal. After paying her fine, she also had to return the money she had already received for her failed claims, pushing her further down the proverbial rabbit hole. Unsure what the future would bring for her physical therapy practice, she held on to the hope that she could emerge from this audit nightmare with a better way to stay compliant. She just did not know yet how to go about it.
“Have you been worried about compliance since you got audited last year?” Shannon asked her friend Ariana, whose physical therapy practice was thriving after last year’s brush with disaster. “I am trying to figure out how I can improve my compliance so that I can avoid another failed audit.”
Ariana smiled and said:”Yes, of course, but I have learned that we really can’t avoid an audit. So I decided to cut down my error rate to reduce my audit risk. PTs can absolutely not afford to have any unsigned notes, unbilled visits, missed re-exams, or denied claims as number one rule. So you have to find a way to track these meticulously.”
“Ok, but it seems impossible to even remember all the different insurance protocols for each patient,” countered Shannon. “It is so confusing to keep track of all the requirements, and just when you think you get it, they change everything again.”
“That’s true,” Ariana admitted. “I also realized that many of those so-called compliance experts give advice that is really difficult to implement, not to mention that they all tell you something different.”
“So how can we get it right then?” Shannon asked. “I can’t gamble with the future of my practice and need a bulletproof process to stay compliant.”
How do you manage your:Â
Unsigned notes
Unbilled visits
Missed re-exams
Claim errors
Are you stressed out over unpredictable cash flow of your physical therapy practice? Â Do cash flow fluctuations keep your practice from reaching its full potential? Lack of control over your billing performance can seriously threaten the growth of your practice. Needless to say, without growth your practice will struggle to survive.
To make matters worse, anxiety over physical therapy billing issues can rob a practice owner of confidence and peace of mind needed for building his dream practice. This in turn affects his relationship with patients negatively and further impedes practice growth.
Since the chances of ever getting your claims paid decrease with each passing day, the percentage of accounts receivable after 120 days can be used as a proxy of your billing performance. Obviously, it is impossible to predict when and how much the insurance will pay you. Hence, the key to taking control of your practice’s billing performance lies in knowing exactly which claims are underpaid or even unpaid. Rigorous follow up on the claims in trouble can help you reduce the percentage of your monthly AR past 120 days to ten percent or less.
Improving your practice’s cash flow is not all doom and gloom, though. A good first step consists of discovering your practice’s true cash flow and billing potential. What are your current physical therapy billing stats? Are you aware of any weaknesses in your practice’s billing process?
Next, you should take a look how your physical therapy practice compares to others in the industry. Those numbers may be hard to come by, but bestPT has done the legwork for you and can help you evaluate your stats against the national averages and then help you get above those. You will get the opportunity to compare your Key Performance Indicators (KPIs) to industry standards as well as bestPT performance stats. Â
Just how much could your practice grow with this improved physical therapy billing performance? Can the potential increase in collections pave the way for accomplishing your goal of building your physical therapy dream practice?
There is only one way to find out — request your Individual Practice Evaluation from bestPT. We will help you discover your practice’s cash flow and billing potential.
If you have been struggling with making your physical therapy dream practice a reality, you can discover what has been holding you back using bestPT’s Opportunity Analysis. Comparing your practice’s current performance stats in five key areas with possible improvements will reveal the full income potential, weakly performing areas, and potential savings in fees.
The numbers will basically show you which key areas of your practice need improvement so that you can develop a SMART plan with specific, measurable, attainable, relevant and time-based goals. This can save you a lot of frustration typically resulting from lack of control and feedback.
Best PT’s Opportunity Analysis evaluates Key Performance Indicators (KPIs) in five key areas of your physical therapy practice:
1. Documentation Time
2. Billing Performance
3. Patient Relationship Management
4. Administrative Overhead
5. Claims Processing
1. Documentation Time
Starting with the Documentation Time, you can find out how much money you are losing by spending too much time on your physical therapy documentation. If you are like most other physical therapists, you would probably rather spend more time with your patients or family than catch up on paperwork in your well deserved free time. An easy improvement for this issue would be switching to a better-performing EMR system so you can reduce your documentation time while increasing your profitability and happiness.
2. Billing Performance
Losing sleep over the cash flow of your physical therapy practice can be extremely stressful, especially if you have no way of tracking unpaid and underpaid claims. Your Physical Therapy Billing Performance evaluation shows you how long it takes for your claims to get paid by calculating the AR percentage past 120 days. Needless to say, your practice’s cash flow is directly impacted by the amount of outstanding, unpaid claims. As such, you can improve your physical therapy billing performance and sleep better with an optimized claims processing system that detects errors before you even submit them to the payers.
3. Patient Relationship Management
Lack of feedback from your patients can create a lof anxiety as it leaves you clueless about potential issues affecting your patient flow. Analyzing your Patient Relationship Management paints a clear picture about your practice’s growth. By looking at how many no-shows as well as how many new patients your physical therapy practice sees on a monthly and annual basis you can determine your current patient flow. You can then eliminate your anxiety by fixing any existing problems with patient education tools and patient alerts.
4. Administrative Overhead
Do you feel frustrated with your practice management performance? If your staff is out of control while your Administrative Overhead expenses exceed your monthly collection you will definitely need to make some drastic changes. Using physical therapy software with a built-in task management system that encourages teamwork can restore order and improve practice performance.
5. Claims Processing
Is the price you are paying for your physical therapy billing staff right? Or do you worry that you might be paying too much while the majority of your claims seem to end up unpaid or underpaid? The Claims Processing analysis evaluates how much you pay your physical therapy billing personnel and how many of your claims require follow up with the payers. It’s safe to say that there might be room for improvement if a large portion of your claims are underpaid or denied in spite of any follow-up efforts from your billing person. BestPT’s Claims Scrubber can restore your peace of mind by detecting any claims errors before you submit them to the payers
Without this Opportunity Analysis you will never really know which KPIs are affecting your practice’s performance– and ultimately, your physical therapy practice will never reach its full potential. Needless to say, not knowing your practice’s weaknesses or potential areas for improvement will set you up for failure in an uphill battle against the insurance companies.
Granted, you may not be able to control all variables that affect your physical therapy billing performance, such as fickle patients or denied claims. But you can put yourself in the driver’s seat and take your physical therapy practice to new heights by comparing and contrasting current and potential future numbers. Essentially, your dream practice is only an Opportunity Analysis away.
How to use it?
1. Current bestPT clients: Request Opportunity Analysis from your SPOC
2. If you are not yet using bestPT software, simply schedule your Initial Practice Evaluation via web form here.
By Zsolt Halmos, CEO, ReminderCall.net
Physical Therapy Practice Marketing strategies include automated patient reminder calls to grow your physical therapy practice. This will help you provide a valued service and projecting a cutting-edge image.
Here’s how to add inexpensive and effective automated reminder calls to your physical therapy practice marketing arsenal:
These are just a few ways to use automated reminder calls to grow your business. Best of all, you get to avoid ineffective postcards that end up in the trash, unopened emails that cannot get past spam filters and print ads that are simply too costly. You are virtually guaranteed that someone will receive your message, either in person or on an answering machine, for less than the cost of a stamp!
For more information visit www.remindercall.net.
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bestPT by Billing Dynamix:
2857 Executive Dr Suite 200
Clearwater, FL 33762
2 Hudson Street
Marlboro, NJ 07746
(727) 386-9497
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