More Profit, Better Outcomes

Questions every physical therapy clinic should ask.
By Joseph M. Sapp, PT*
At some point, all physical therapy clinic owners find themselves wondering: “Are we as successful as we should be?”
At some point, all physical therapy clinic owners find themselves wondering: “Are we as successful as we should be?”
“A dream doesn’t become reality through magic; it takes sweat, determination and hard work.” — Colin Powell
Opening a new clinic is both exciting and a sure way to demonstrate to the world that your practice is indeed growing.
Simply stated, you need a business plan.
On November 1, 2018, the Centers for Medicare and Medicaid Services (CMS) issued the 2019 final rule for services paid under the Medicare Physician Fee Schedule (outpatient PT, OT, and SLP services), as well as the Merit-Based Incentive Payment System (MIPS) for physical therapists, occupational therapists, and speech-language pathologists in private practice.