Compensating Your Employees

Do you struggle with decreasing reimbursements and increasing wages?  Do your employees understand the correlation between their performance and their pay?  Do your employees understand the costs to keep your doors open? A key to your practice success is having the right employees performing their job to the highest level of performance. Employees are your…

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What Numbers Are You Missing…?

Does your accountant supply you with a complete set of financial information each month? If not, why not?  If so, do you understand what those key pieces mean?  More important, do you use that important data to help you make smart decisions about your practice? The right financial information can help you solve problems and…

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Three Things To Help Your Company Grow

Growth creates a new level of complexity in your business, but complexity can also be the growth killer.  Most failed executives blame internal factors (i.e. lack of systems/processes) for their demise.  Most companies achieve success through internal attitudes and behaviors such as these three below. Mission: Success starts with a clear focus and mission of…

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What Is Your Cost Of Care?

Have you noticed the increasing trend of payers wanting you, as a physical therapy practice owner, to remain in their network at a reduced, often flat, rate for treatment?  I know for me, and my practices, it has happened left and right. Over the past few years I have seen major players (Anthem, Cigna, United HealthCare)…

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What Are Your KPI’s?

I received a great article in my e-mail today with regards to physical therapy metrics; they talked about watching your KPI’s.  I had a great laugh at this, because for a long time I have been preaching about the importance of KPI’s in our weekly metrics! What exactly is a KPI?  Well, simply put, these…

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Do You Stay Awake At Night Worrying About Cash Flow?

Practice owners find it can be a constant struggle to keep a steady cash flow.  This stress can lead to owners waking up in a cold sweat about making their next payroll or rent check.  Inefficient or missing processes, staff issues, and lack of metric insight can tax your clinics health.  Let’s look at a…

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What is Your Practice Score?

Running a successful physical therapy practice is more than just quality patient care.  When you walk up to your friend who is watching a game, the first question you ask them is “What’s the score?”  My question to you is: “Do you know your practice score?” Most physical therapy owners suffer from a practice that…

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What Is The TRUE Value Of A New Patient?

Last week I was at a physical therapy marketing and practice development conference in Orlando, Florida.  I love these events because they always get my creative juices flowing and it is a great opportunity to meet like-minded practice owners. During the many marketing discussions, the age old question came up:  what is the value of…

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Three Metrics You Must Measure

In physical therapy school we are taught to assess and treat patients, we are not taught to assess and treat our business.  We know all the special tests for the shoulder and knee but what about the special tests for your business? There are three metrics every private practice owner MUST watch if they have…

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Time Is Money

Time is money:  you can always make more money but you cannot make more time.  As a practice owner, in this new healthcare economy, you need to work smarter and have a better understanding of what is happening in your practice. That is where PTClinicMetrics becomes the best “silent” business partner you have ever had! …

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