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
As we start the new year, we’re all looking for ways to continue to grow and develop our business. How well were you goals from last year achieved? And when setting goals for this year, will your goals cost you or will it pay in the long term?
Here are five investments that clinics working with coach Erika Trimble are planning to make in their practice this year:
In this current competitive atmosphere, what are the five things you should do to prepare your business for the New Year? Complacency undermines the success of your practice, follow these steps to avoid slowing down your business and to prevent your competition from profiting from your inaction.
Click here, Erika Trimble explains what five things you can do to avoid slowing down your practice’s growth and driving your patients to the competition.
Modern Manual Therapy’s Website has a post on it that asks if the Physical Therapist is just a mechanic that turns off the check engine light. Here’s an excerpt from their website…
“We all can make patients better rapidly. In fact, a majority of patients walking into your clinic will be mentally and physically ready to change. However, if you can’t get your patients to buy in, or keep up with their homework, are you just a mechanic who turns the check engine light off?”
Click the photo below to go to their website to see the answer on video.
A physician usually has a very good reason when they stop referring patients. A recent survey found that most physicians do NOT fully read their therapist reports. Communication, clarity, and customer feedback are critical components when it comes to maintaining your relationship with referring physicians. Erika hopes to help you avoid this possibility all together by discussing the three reasons why your reports aren’t being read:
We’re proud to be a part of this great annual PPS conference again this year. We’ll be in booth #231 near the PPS Membership and Voting table in the Exhibition Hall, September 20-21st.
It’s always a highlight of the PPS conference for us to meet so many of you, from all over the country, in person. We look forward to seeing those familiar faces as well as the newer members of our community this year.
Being a practice owner is a difficult and lonely task. It’s difficult to know what your competition is doing, and even if you were to ask, they’ll generally only offer guarded responses or exaggerate their successes. Erika Trimble, renowned business coach, offers a list of what strategies and tactics are being used by the most successful and innovative practice owners, and which ones are working for physical therapists.
The Movers and Shakers in the Physical Therapy World: What Strategies and Tactics are Working
The U.S spends more on Healthcare than other countries. Does spending more per capita result in better outcomes?Based on the new rules, your practice may experience a change in coding to meet new performance guidelines. Will the trends in 2017 change where we see an increase in re-evals (97002) or Self Care Management Training (97035)? As the CMS and the private payers work on their ‘New’ pay structures it’s a good idea to monitor your yearly trends and monitor outcomes early.
225 different CPT codes were reported in 2015 for Physical Therapist, yet, the top 10 CPT codes constitute 90% of all reporting. While we noticed a slight reduction in use for 97110 and 97140, other codes e.g. 97530 slightly increased. The increase of the use of 97530 is due to a better understanding of how to use and when to use this code.
We see high similarity to previous years trend with some reduction for 97110 and some increase for 97530.
CPT 97110 was reported in most of the visits (28.9%) and generates the most of the pay (33.9%) – pay to claims ratio 117%. CPT 97113 was reported only in 0.2% of the visits, yet generated 0.7% of the pay – pay to claims ratio 326%. On the other hand, CPT G0283 was reported in 2.9% of the visits, yet generated only 0.9% of the pay – pay to claims ratio 29%
Our clients have determined that these are the most important metrics to track in your practice:
They’re all related to each other and they all affect each other. These Key Performance Indicators (KPIs) must be measured to know the health of your Practice. Some practices want to track other metrics and that’s easily changed within our PT billing software. Which ones do you track? Do you even care about these numbers?
How do you track these metrics? Do you have a tool to monitor them with a simple glance at a chart? The tools to track these numbers are built into our PT billing software and your Practice Success Coach will help you to understand the metrics and their relationships to the other metrics. Your Coach will help you set-up a Practice Health Monitor and that’s where you can see these numbers at a glance at a radar chart.
Other tools are available in our software as well. Learn more with the free webinar that can be viewed right on this page.
OUR ADDRESS:
bestPT by Billing Dynamix:
2857 Executive Dr Suite 200
Clearwater, FL 33762
2 Hudson Street
Marlboro, NJ 07746
(727) 386-9497
thomasj@espoc.com
