As Juliet Bourke and Andrea Espedido explain in the Harvard Business Review (March 29, 2019) article, “Why Inclusive Leaders Are Good for Organizations, and How to Become One,” diversity isn’t enough when building an effective team.
In my experience, a majority of the physical therapists I meet express an interest in opening their own practice. Most of them seem to enjoy the autonomy that private practice brings. This is also one of the reasons that I started my own business. I read several blog posts, books, and articles on how to start one, how to run one, etc., but never even considered exit strategies. It looks like the prevailing frame of thought is that folks only thought about it when they were due to retire. Times have changed; planning with the end in mind is imperative. Whether you want to move on to dabbling in other areas after having run a successful practice or are forced to, because of uncertainty in health care reform, knowing the value of your practice is important.
It is no secret that we are on the verge of paradigm shifts in the health care industry. The strain in our current system does not seem sustainable, and it is evident that we have multiple players in the tech industry looking to forge paths into the realms of health and wellness. Amazon, the company that has aspired to be “Earth’s most customer-centric company,” has made recent moves, making it clear that it sees the 18 percent of U.S. gross domestic product designated to health care as ground for positive expansion and growth.
