The Compound Effect

the-compound-effect

Jumpstart Your Income, Your Life, Your Success

By Darren Hardy
Reviewed by Jamey Schrier, PT, DPT, OCS

Why are some businesses more successful than others? According to Darren Hardy, the differences are much smaller than one might think. Earlier this year, a friend of mine suggested that I read Hardy’s The Compound Effect. He said the book is a must-read for every entrepreneur, and he was right! As owners of physical therapy practices, we are constantly searching for an edge; a competitive advantage in the marketplace, something we can do to make us stand out from the crowd. Understanding the concepts this book lays out is a great way to begin transforming your practice.

Chasing Payments

chasing-payments

Insurance anti-assignment clauses

By Franklin J. Rooks Jr, PT, MBA, Esq
April 2014

Many physicians have come to the conclusion that some insurance contracts are not worth having. More and more physician specialties have opted out of participating provider contracts or have chosen not to participate in the first place. Reimbursement amount is the primary reason for not participating. The amount allowed for various CPT codes simply is not enough. On top of that, there is Multiple Procedure Payment Reduction (MPPR). This ominous concept was crafted by the Centers for Medicare & Medicaid Services (CMS). The MPPR functions to reduce the allowable amount of multiple medical procedures performed during the same session by the same provider.1 Insurance carriers, such as United Healthcare, have modeled their reimbursement on this CMS policy and implemented their own versions of the MPPR.2 Often, in-network reimbursement is not commensurate with the education, skill, and value that the physician delivers.

Be Aware

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April showers bring May flowers and a host of campaigns to help create safer and healthier communities.

By Don Levine, PT, DPT, FAFS

May is not only a time of year for spring blooms, but also a month that highlights several causes. For instance, May is National Bike Safety Month, making May a great time to educate your patients and your community. May is also National Stroke Awareness Month, another area where a physical therapist’s (PT’s) education is vital. And finally, we celebrate Mother’s Day!

Spring Legislation

spring-legislation

How will new laws affect our physical therapy practices?

By Amanda Somers, PT, DPT

It was a cold and wet winter day when I sat down to write this article, and all I could think about was spring. April weather is great in South Carolina, but as much as I wanted warm weather, I was also anxious about the environment for physical therapy by April. Will the sustainable growth rate (SGR) payment methodology be changed? Will it be favorable for our patients and practices? Or will Congress once again kick the can further down the road? Even worse, did the March deadline come and go, leaving us with a 20 percent SGR cut and no cap exceptions process? The battle seems to be the same—in fact there has been little change since 1998. So the questions I ponder are: Does APTA have fighting power left? Did our members rally for the fight or wearily sit on the sidelines, saying “What difference can I make?”

The Right Choice

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By Angela Wilson Pennisi, PT, MS, OCS

Issues related to electronic medical records (EMR) and practice management systems may occupy more time and energy than most practice owners and managers would like. If you are in the process of selecting an EMR, evaluating the multitude of options can be overwhelming. A lot like dating, a single program will rarely possess all the desired qualities. In addition, your new EMR, like any potential life partner, is also likely to possess some undesirable qualities that you did not anticipate! (Of course, I am not speaking from experience since my husband is perfect, and I am sure he would say the same about me.)

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