Private Practice Owners Club

APTA's 2022 PPS Conference was held last November 2-5. It is a great place to run into people and catch up with other PTs. In this episode, Will Humphreys, the founder of the Healthcare Business Academy, joins the podcast to discuss our impressions after attending APTA's 2022 PPS Conference. Will any group, or anyone, take a stand to change the direction of the private practice PT industry? What c...

Shaun Kirk of PT Practice Success has been a business coach for decades. From his perspective, owners have had to be ever more conscious of productivity and efficiency to be profitable. In the past few years, one KEY STAT has become more critical than ever in determining whether PT clinics will be maximally profitable or not. This episode will cover that one stat, how to implement it, and how to h...

As technology advances, many things are made more manageable, especially in healthcare. Care strategies and delivery become more effective with easier access to health data that's been automatically recorded and reported to the care team. Remote Therapeutic Monitoring (RTM) became accepted by the Center for Medicare Services as of 2022. Thus, Physical Therapists can now bill for apps and "wearable...

Recruiting is something you need to be doing as a business every year. Like a flywheel, you need to create a system with your principles. You also need to be able to retain the right people so that you can grow further. Join Nathan Shields as he talks to healthcare entrepreneur  Will Humphreys  about how you can grow your PT business. Will has plenty to talk about PTs in business, and th...

Are PT owners too busy to change the trajectory of outpatient ortho PT? Are they too worried about the pushback they'll receive when they actually make a stand and say, "enough is enough"? Or do they see what's happening and simply not know where to start to make a difference? October is National PT Month and a time to revisit our Purpose for choosing the PT profession. Will Humphreys and I take t...

While the digital pages are filled with questions about the rehab therapy industry in the future, answers flooded the pages. The sixth annual state of rehab therapy report discusses the most comprehensive analysis of the industry's key trends, challenges, and opportunities. In this episode, Heidi Jannenga , the co-founder of WebPT , summarizes the 2022 State of Rehab Therapy Report  results,...

During COVID, problems with having no-shows started taking a toll in many clinics. Ryan Wooley, PT was sick of high cancellation rates and was frustrated with the PTs on his team being less than productive, so he decided to switch things up. In 30 days, he changed to a pay-per-visit provider reimbursement model; in 60 days, his cancellation rates and productivity levels significantly changed—95 pe...

Avi Zinn , the owner of Druid Hills Physical Therapy , did an Annual Strategic Planning Session with Nathan Shields in early 2022. He developed a clear Purpose, Values, and Top 5 Priorities for the upcoming year. Although visit numbers aren't where Avi expected, Avi has seen significant improvement in the foundation of his business - clinic director development, front desk program with policies in...

PT owners will always have to consider, "Do I take this low-paying insurance or not?" when deciding if they should go in-network with a low-paying insurance company. There are a few parameters to consider when in this situation. In this episode, Michael Kelly  breaks down what he believes are the basic financial principles to help you decide if a contract is "worth it." Love the show?  S...

Stephen Rapposelli heard of a new business, StretchLabs, at The Graham Sessions, and immediately his heart sank. "How do they get away with providing what people believe to be PT?" he thought. However, instead of remaining despondent, he changed the question to, "How can I take advantage of this and build my own version of StretchLabs?" Since then, he's built a successful adjunct to his PT practic...

Technology has made payment collection easier for clinics and patients. It has also made it easier for PT owners to collect outstanding balances. In this episode, Nathan Shields speaks with Sachin Bhatt of Rectangle Health about the current tech advantages that are available—text to bill, QR codes, payment online, secure CC storage, etc. All these options make it easier to collect and make $$. So...

Has your clinic been busy these past months? Are you considering hiring new PTs to solve the problem or dropping low-paying insurance? Will Humphreys , the owner of Rockstar Recruiter , has been helping PT owners recruit well-aligned, quality PT owners. He joins us on the podcast to discuss whether owners of busy PT clinics should keep waiting lists for patients. Will also shares the two things th...

The economic landscape has been changing quite a bit since COVID-19—inflation, the Ukraine-Russia war, supply chain backlogs, etc. And some of these things will obviously affect the PT industry. But exactly how and to what extent? What can be done to alleviate the negative trends?  Dimitrios Kostopoulos, P.T., M.D., Ph. D., D.Sc., ECS , of Hands-On Diagnostics and Hands-On Companies, shares w...

Crafting a content strategy can be daunting, but with a little forethought and planning, it can make the process easy, consistent, and impactful. As Director of Marketing of a large PT group, Peter Decoteau  has to create plans and strategies for large marketing efforts. Every year they put a lot of focus on content strategy – essentially determining what content his company wants to produce...

If you're looking to sell at any time, especially in the next two to five years, this episode is for you! There are things you can do to maximize your sale price, and in this episode, Eric Miller of  Econologics  shares with us 10 factors that make a significant impact. Each of these items doesn't make a huge impact by themselves but combined, they create a well-run, cash-flowing clinic...

It's wonderful to highlight a couple of PT owners who are not only past coaching clients but also young mothers who gathered the courage to partner up and create their own PT practice. Susan Halbig, PT, DPT and Karen Pettine, PT, DPT of ABQ Scoliosis and Spine Therapy  in Albuquerque, NM found themselves as new mothers with a common desire to open up their own PT clinic. Not only have they be...

In a clinic with multiple PT providers it can be difficult to get consistent patient results across the team. Tom Dalonzo-Baker recognized that in his team and decided to systematize their patient care process in order to get consistent care, plus it led to better patient compliance and results! In this episode Tom shares with us the thought process that has led him to create the system and thus h...

As a follow-up to our last episode, Dee Bills  of Front Office Guru  shares what makes the best Front Desk/Patient Care Coordinator in terms of mindset, attitude, personality, and ability. There is an ideal mindset and an ideal way to train your front desk that will significantly affect your patients and your PT clinic for the better. The front desk greatly contributes to the welfare of...

The front desk is the first and last thing your patients see. So it's very important to have competent and truly caring people on there. To help you level up your front desk, Dee Bills  is here with 5 key stats that you need to keep track of as a front desk.   Dee Bills started Front Office Guru  because she recognized that her business was hemorrhaging production, efficiency, and p...

Diagnostic ultrasound or musculoskeletal ultrasound (MSKUS) has been used for decades in the healthcare industry. It is also within the scope of practice for almost all PTs in the U.S. However, very few PTs have taken the effort to learn how to use it because it is difficult to learn. But its capabilities, if utilized, are able to significantly improve the care and results that PTs get with their...

Are you STILL taking insurances that pay you less than your cost to do business? Why? Losing money and wasting time on low-paying insurances can be a big drain on your business and bottom line. And, from a greater perspective, the fact that owners accept negative-profit pay rates is the reason PT reimbursements continue to decline. On the other hand, there are many owners who decline these contrac...

When there are 80,000 PT ads on Indeed (like there currently are), it can be difficult to stand out from the rest and capture the attention of the best PTs. However, based on his years of recruiting success, Will Humphreys of Rockstar Recruiter has found the secret sauce that has helped many owners find the best fits for their practices and shares them with us in this episode. Love the show? &nbsp...

Owners will, at some time in their experience, get to a point where they're feeling stuck or "languishing" in their business – things aren't progressing, things are "OK" but could be better, and they may feel lost and unsure of what to do next. It's at those times where it's important for the owner to recall their purpose, generate a vision of what they desire, continue to learn and grow, and take...

3D technology took quite some time before it started to be utilized in PT practices... until now. With recent developments in the space, patients and owners are benefitting from this piece of innovation. In this episode, Dr. Joe Simon , CEO of 3DM Diagnostics, shares with us how this technology can improve patient engagement and retention, leading to better outcomes, while also helping PTs obtain...

Kim Nartker , PTA of the  Rehab to Wellness  BOSS podcast (and Stretch Mobility Coach) had Physical Therapy Owners Club host Nathan Shields on her podcast. Listen to the interview where they discussed what you need to consider BEFORE starting up your next side hustle or revenue stream. Discover how the Impact Filter will help you decide if you're ready. There is a lot to consider here, y...