The four disciplines of execution in physical therapy private practice.
By David Browder, PT, DPT, OCS
One of the most pervasive challenges that private practice owners face is the need to work, not only in their business, but also on their business. With declining payment, shrinking margins, and a challenging regulatory environment, you have increasingly less room for error on the business side of private practice. Setting goals and planning how to achieve them should be a part of your business routine.
The most difficult part of strategizing is not having great ideas, awareness of our environment, or even knowing how to plan. The challenge private practice owners face is executing the plans they make. The 4 Disciplines of Execution Model (4DX) by Chris McChesney, Sean Covey, and Jim Huling outlines a set of disciplines and practices to ensure that we can execute on our goals. Physical therapy private practice owners can utilize this method so their ideas are translated into actions and these actions yield results.
Lessons learned during the first year of private practice.
By Jeanette M. De Witt, PT, MPT, LAT, ATC
From July 1998 through January 2012, I practiced in a wonderful hospital system in Ohio that allowed me to gain experience, attend educational seminars, and advance my career from a staff physical therapist to a supervisor. Although I was content with my position, I always held high hopes that I would own my own clinic “one day.” After a family vacation to Wisconsin and falling in love with the state, my family decided to move, and I returned to a staff physical therapist position. However, after seven months, I found myself missing the supervisory responsibilities I had once enjoyed at the hospital. I elected to give private practice a whirl and reached out to a company that assists therapists in opening their own clinics and decided to pursue my dream. After a month of interviews, I joined the company’s network and embarked on my first year as a clinic director. This was a large leap of faith from which I have greatly benefitted. My practice was truly built from the ground up as at the time of signing, the clinic location was not even confirmed yet!
Bundled payment for post-operative physical therapy services.
Rob Worth, PT, DPT, OCS, ATC/L, MTC
“The times, they are a changin’.” These iconic words sung by Bob Dylan ring true today in many aspects of physical therapy private practice and health care payment. I believe that the changes in health care and health care payment may actually be good for high-quality physical therapy providers who are able to adapt to the new environment. For physical therapists to be leaders in providing cost-effective, expert musculoskeletal care in an evolving health care system, we must dedicate ourselves to innovation and collaboration. This will require us to contribute to managing the total cost of care for patients, their conditions, and their overall health care management. The days when we were paid for treatment units rather than for producing outcomes are numbered. This shift from volume-based payment to value-based payment has already started to occur and will benefit the physical therapy practices that are dedicated to providing the highest quality of care at a reasonable cost. One component of value-based payment is the bundled care model.
With all of the uncertainty facing health care in the coming years, the concept of change is inevitable.
Michael Connors, PT, DPT, OCS and Janey Evans, RN, BSN, CPCC-ACC
In the current health care environment, we continually adapt to the changing demands in our physical therapy practices. As clinicians and practice owners, we face challenges and changes from payers, regulatory agencies, and patients. The shift toward utilizing electronic medical records in outpatient therapy practices has placed an undue amount of stress and uncertainty on many owners and practitioners who have not yet made the transition from paper. In many situations, a practice may switch from one EMR to another in search of enhanced efficiency or management capability. With every change, regardless of the nature of the transition, an individual must prepare.
When is it time to make the transition to EMR?
Michael Connors, PT, DPT, OCS
Health care is at a crossroads. Daily, we face increasing pressure to maximize efficiency and create a more streamlined method of care delivery. Along with advances in the practice of physical therapy, there is a push to migrate toward an electronic platform for medical records. As a practice approaches making a smooth transition from paper to electronic medical records (EMR), one must consider many factors.