For example, physical therapy clinics who provide comprehensive balance and vestibular therapy open up a wealth of referral opportunities from the following specialties:
By diversifying your referral sources you increase the stability of your practice and prevent your business from being over reliant on a single referral source. Expanding the services your clinic offers creates an opportunity for you to further differentiate your practice from the other practices in your area. Ultimately, this allows you to bill for more ICD-10’s and add a level of collections security to your private practice that you wouldn’t have otherwise had.
At FYZICAL, our owners are helping more patients and growing their revenues by 40%* on average! If you want to learn more about incorporating balance retraining and fall prevention in your practice you might also enjoy this post on Growing Your Physical Therapy Billings with Balance Therapy.
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You Can download this referral tip sheet as a PDF, right here.
*FYZICAL conversion model saw the following revenue growth; average 40%, median 37.7%, 51% (44/87) who joined FYZICAL met or exceeded the average 40% revenue growth. p.48 F.D.D.