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…

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Trimming Practice Expenses

Being a physical therapist practice owner isn’t easy. On a daily basis, you must deal with treating patients, ensuring referrals are consistent, taking care of employees, paying the rent and dealing with cash flow just to name a few things. When the “bottom line” gets tight the first thing we think about is cutting costs, but is…

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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…

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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…

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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…

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When What You Measure Is Not Enough

I am often asked what are the top metrics a physical therapy practice owner should measure. The simple answer is always the same one word: Anything!  Since many practice owners do not measure statistics at all, anything they can measure is better than the nothing they have been measuring. Just because you are a good practice owner,…

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Do You Know Your Revenue Cycle?

Revenue Cycle Management is the key word of the month in the private practice world, but does the physical therapy practice owner really know what it means?  I bet most owners know the term but don’t really know what it entails.  Revenue Cycle Management is the term used to define the process of revenue from…

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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…

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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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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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