Return on investment (ROI) is defined as a ratio between net profit over a period of time and cost of an investment at a point in time. Calculating your ROI can help guide your decision making so that you are able to earn a profit while providing your patients with excellent care. There are several areas of outpatient physical therapy practices that can benefit from an ROI review.
What is your retirement vision? Do you see yourself sailing around the world playing golf or volunteering for medical missions in underserved countries? Regardless of your goals, age, and current net worth, planning now will help you realize the future you envision. This article will outline guiding suggestions to consider when preparing to sell a practice and retire.
Staff burnout, low morale, and high turnover are increasingly large problems across many professions, and physical therapy is no exception. As professionals in a business that advocates for the improved health of society as a whole, I believe that we sometimes miss the mark when it comes to fostering the health of the society within the walls of our own organizations.
Spark a chain reaction of positivity in the world around you by leveraging this month’s resources for the betterment of your community, both inside and outside your practice.
Winston Churchill once said, “Never let a good crisis go to waste.”
