If you feel ready to start your own PT clinic, you likely have worked as a therapist for several years (as an employee), and surely understand how a clinic works. You may even feel confident that you know what steps to take to make your business profitable. So[...]
You have planned every aspect of your new clinic for months. You've:
selected the perfect business name.
built a solid referring network.
carefully thought through your physical therapy clinic design.
assessed your marketing strategy to make sure[...]
Cancellations and no-shows invariably depress clinic profitability. A "cancellation" is an appointment that is cancelled prior to scheduled treatment time. A "no-show" is when a patient fails to report for treatment without notice.
Depending on the type of [...]
Physical, occupational, and speech therapists often see productivity quite differently than clinic managers and owners. In this article, we attempt to bridge that divide on therapy productivity. Both perspectives are crucial to the functioning and [...]
There are many metrics that a clinic owner and/or your management company should be monitoring. This article focuses on the four metrics crucial in your daily or weekly data. What some folks see as an operating statistic, others will see as a financial or [...]
The Upside of Owning Your Own Clinic
There are many benefits to owning your own therapy clinic. Chief among them may simply be the independence of ownership, giving you the right to control the clinical environment and afford you the opportunity to [...]
There are numerous metrics a physical therapy business owner should monitor in order to make adjustments that improve top-line revenue and bottom-line profitability. Some of these metrics are more operational in nature:
Number of New Patient Referrals