How to Overcome the Lack of Time
The single greatest issue small business owners face is the same: Lack of time. This lack of time then leads to a lack of implementation. What is so funny about that is Warren Buffett, Bill Gates, and you all have the same amount of time. Everyone on earth has 24 hours in a day, how…
Four Steps to Change Your Practice…For the Better
For you to succeed as a business, you need to constantly improve and grow. You should always start with looking at your environment to bring about positive change in your practice. Be sure that you are top to bottom compliant with your systems and processes. You must make sure employees have the space and the…
Cause & Effect
You are a physical therapist by training and now a business owner by desire. Building and running your business is not just knowing your numbers. It is about knowing what those numbers mean and how you make those numbers happen! When you budget and forecast you are setting objectives, and achieving these objectives are your…
Why Isn’t Your Practice Growing Like You Thought?
Have you noticed over the past year or two your clinic has not grown? You look around the office and the clinicians are busy but you haven’t seen that increase you had expected. You feel it by looking at the clinic schedule and you feel it by looking at your bank account. I can confidently tell you…
Buried Treasure In Your Practice
Recently, I had an initial call with a client. Usually on the initial call we discuss the importance of measuring and we also discuss specific numbers we want to measure in the practice. These numbers have come about after years of not tracking and not growing. Once I realized what I didn’t know, I reached out to…
Three Reasons You Must Set A Budget
Small business owners often experience financial tensions, increased competition, and unstable revenues. To remain successful, small business owners must control spending and be cognizant with their accounts receivable. Successful business owners recognize the importance of creating, and using, and annual budget yet most business owners don’t create a budget and struggle. These business owners don’t create…
What Type Of Employees Are On Your Team?
All practice owners have one similar goal…to have a successful practice. One of the easiest ways to achieve this success is by utilizing your greatest assets, your employees. Having the right people on your bus, in the right seats, can lead to a HUGE win or a dreaded loss in YOUR business. To be successful you, the…
Three Simple Things To Keep The Patients In The Door
Your marketing is working, new patients are calling and scheduling, but you don’t see a growth in patient visits. What the heck is going on? With your metrics programs in place you see the referrals and new patients are matching up, but you notice the average visits per an evaluation are dropping. What could be…
The Holes In Your Leaky Practice Bucket
If you have ever heard me speak at a live event, there is one slide that always exists in the presentation. The slide asks of you are an owner working on your business or the owner working in your business. You, as a private practice owner, need to understand you are not just running a…
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)…
