Some practice owners might actually make a case against strategic planning. It takes time away from potential revenue-generating activities, needs to be revisited, and requires a level of discipline and foresight some people just don’t possess.
Starting a private practice is a massive endeavor that requires significant time and money.
Patient billing—and collecting patient payments—is critical to business success, yet is an area of business where many private practice owners struggle.
Brian Gallagher, PT, who hosts the Physical Therapy Private Practice podcast, sat down with fellow physical therapy practice owner Steve Rapposelli, PT, to discuss helpful tips about practice management and how to differentiate your practice from other practices. On the episode “Should Owners Think of Their Practice Like McDonald’s?” Brian and Steve spoke about how cash-based services directly correlate to success in a private practice.1
In an issue devoted to benchmarking, this important business tool can be applied to other functions to set goals and track performance.
