With the cost of running a practice on the rise and third-party reimbursements declining, practice owners are challenged to run a profitable business and provide quality patient care.
As a physical therapy private practice owner for the past 20+ years, I probably have at least a few things in common with you.
Over the course of the last two years, it’s no secret Americans have seen the cost of goods steadily rise. Following the beginning of the COVID-19 pandemic, consumers first felt the cost at the pump gradually climb, followed by increases in groceries and other weekly purchases.
Is opening or adding a niche practice on the horizon or a future goal? Does it seem within reach but when moving to put action to ideas, you become sidetracked by the road signs warning you of a rough road ahead?
