Private Practice Owners Club

One of the perks of just getting started in business is learning from those who came before you. In this episode, Nathan Shields is joined by long-term friend and business partner  William Humphreys  to discuss some of their biggest mistakes in ownership after two decades in the industry. William is the CEO of  In The Black  (Medical Insurance Billing Consulting). Today, he loo...

How close are you to living the dream? Are you clear about what that looks like? What's your endgame? For what purpose are you working so hard in your clinic? In this episode, Nathan Shields talks to Scott Fritz , author of " The 40 Hour Work Year " discusses what all owners should consider - what is their exit strategy? In other words, begin with the end in mind. Whether you're looking to se...

At the beginning of the year, it is common for PT owners to have a dip in revenue due to various factors. From the holidays, vacations, and deductibles in play to the winter weather, illnesses, etc. Thus,  Econologics'   Eric Miller's  presentation on How to Resolve Cash Flow Issues is a timely one but appropriate for any time an owner has cash flow issues. In this episode, Nathan s...

Some business owners might think that they have everything under control and they are doing the right things for success. But what if they are wrong? What if they are only creating more stress? In this episode, Paul Wright, PT  of Practiceology , shares the seven things that reduce profits and create more stress, and when corrected, can lead to greater growth and freedom. What are you doing w...

Get ready for a quick one. Nathan Shields is interviewed by Paul Wright  of the Practiceology Podcast  as they hit it hard and fast with 7 questions in 7 minutes. Learn how to get “unstuck” as a business owner. Reach out, step out, and start networking today! Love the show?  Subscribe, rate, review, and share! https://ptoclub.com/ If your clinic is growing but your freedom isn't, jo...

81,000 PT ads were posted on Indeed in October 2021. How do you set yourself apart? During this time of "The Great Resignation" PT owners are having a hard time finding PTs as well as the other admin team members. Finding the right people to work with is hard but possible. Will Humphreys , PT of Rockstar Recruiter shares with us what it takes to create the most compelling ad and job offer to attra...

The APTA's Private Practice Section (PPS) hosts an annual PPS Conference dedicated solely to private PT owners. This provides them the opportunity to learn, communicate, and network with other owners in the "trenches." Yet, only 5% of PT owners attend. Why? Learn why you should attend with your host Nathan Shields and his guest Will Humphreys . Will is the CEO of In The Black. He teaches entr...

What should a PT owner do to become successful? In this episode, host Nathan Shields sits as a guest for Edric Zheng's  new podcast. Nathan talks with Edric about what he’s learned as an owner and business coach over the past 20 years. PT owners need to step out of patient care and take the time to run their businesses. As the owner, you need to train your physical therapist to succeed in you...

Unlike other medical practitioners, you will be seeing your physical therapist several times each month or week. Aside from impeccable sessions, you will also be expecting quality - and welcoming - customer service every time. Steve Line, PT , author of The Feel Good Experience  and co-founder of Columbus Physical Therapy  in Columbus, NE, shares what it takes to improve patient complian...

We have been following the journey of Avi Zinn, PT, DPT of Druid Hills PT in Atlanta, GA, for two years, tracking his growth as a newer clinic owner. At this stage, Avi is out of treatment completely and continues to grow his business. Since the last time Avi has been on the show, he's made some changes for the better – hiring another front desk person, implementing weekly team meetings, and plann...

Everyone needs a PT! After all, what is your practice without one? Unfortunately, the current pandemic has made it extra hard to find the right PT. So in this episode, four experts gather together to discuss what PT owners need to do to hire their next PT (when everyone else needs one, too). Nathan Shields is with James Savas  of HR Professional, Brian Weidner  of Career Tree Network, an...

What's the PT's biggest problem? It's finishing documentation. The time and energy it takes to do documentation properly and in a timely manner is a headache that we all must endure. Enter Marc Moore , PT, the owner of Moore Physical Therapy. Marc talks with Nathan Shields about how he found a solution for his clinic. It has changed the lives of his PTs on staff, a benefit that will retain them fo...

If you want your business to generate seven figures, all you need is a business differentiator - small actions that can help your business stand out from the competition. Joining Nathan Shields today is Garrett Salpeter , the Founder of NeuFit  and the creator of the Neubie, a device that safely sends direct current signals precisely to where a patient is experiencing pain or muscle movement...

If there was ONE meeting you should have each year in your business, what would it be? In this episode, Nathan Shields talks about the MOST valuable annual meeting that an owner should have - the Annual Strategy Session. This is the one meeting in which you can step aside from the day-to-day and assess your business as a whole - weak points, strengths, upcoming issues, internal dilemmas, etc. - al...

To succeed, we have to know how to build great relationships. But, how do we do that? Is there a specific process or guideline we can follow? Jeff Sallade , PT, DPT talks about successful expansion of business through partnerships. Jeff and his partner have expanded to more than five clinics in the 10 years they've been open, all with a partnership business model that's allowed their PTs to grow i...

Do you know that clinics don't have to be private practice owners' sole source of income? In today's episode, Eric Miller , the Owner and Chief Financial Advisor of Econologics , shares with Nathan Shields the importance of creating multiple income streams and how you can do it. It isn't a sudden shift of capital; instead, it's a steady effort to create wealth from other financial sources, leverag...

Do you know the biggest issue facing new PTs? It's not finding employment or the "right" job that meets their goals. No, their biggest issue tends to be the amount of debt they are burdened with after a long road or scholarship. The average PT comes out of school nowadays with >$150k in student loan debt. Considering the average salaries in out-patient practices, this can be an overwhelming obs...

How do you create successful partnerships for your business? Nathan Shields presents Eric Miller , the owner and Chief Advisor of Econologics Financial Advisors . Eric talks with Nathan about specific steps you need to take to put you in the best position to succeed in your partnerships – from aligned purpose and goals to gifting hard equity. Join in the conversation to discover critical steps tha...

Handling a team is challenging, especially when there are members who don't cooperate. So when push comes to shove, how do you let go of someone? Today, James Savas , the Deputy Chief Executive Officer at Hands-On Diagnostics, breaks down the process for us. James talks with Nathan Shields about how business owners should handle termination or resignation. It begins with mindset, clear reasoning,...

Most PT clinic owners have aspirations for growth - either in size or number of facilities. However, knowing WHEN to do a business expansion is the most important question to consider. Eric Miller  of Econologics  generated a checklist for clinic owners to use during expansions. He joins Nathan Shields to discuss how it can help them minimize risks and set up for success. If they ha...

Leadership development is not a topic commonly discussed within the PT industry. However, just like any business, leadership plays a big role in growing and expanding your business and practice. Dr. Michelle Bambenek  is the Regional Vice President of Operations at Empower Physical Therapy Group . She is also a leadership coach and consultant for both PT owners and people outside the PT indus...

If there’s one thing successful PT owners have learned, it’s that the key to their goal and vision is to have a great understanding of their cash flows. If you want to be successful, you need to know where it comes from, where it's going, how it's handled, and how it's spent. If you neglect your financials and DON'T manage your cash flow strictly, you can say goodbye to your business. In this epis...

Everyone wants their business to succeed, but what does it take to run a successful physical therapy clinic? In this episode we find out the key steps to success for PT clinic owners. Nathan Shields takes a look at eight key steps that you need to take for your clinic to succeed. He analyzes each key step and tells you what you need to know and do. Tune in and learn the secrets to a successful PT...

There are many key performance indicators you can use to measure productivity. But there is one key stat you need to increase productivity AND patient outcomes. In this coaching one-on-one episode, Nathan Shields explains what this key stat is and why it’s important. He’ll also teach you how to implement it in your practice ASAP! This is a proven strategy that will transform your practice. What is...

Making a greater impact in the community is a dream for many medical professionals.  Alicia Backer, PTA  has spent the past 7 years developing a culture and a clinic that is focused on doing just that. In this episode, Nathan Shields interviews Alicia as she shares what her clinic does to find team members who share their mentality and are ready to do some of the things they do to integr...