Although there are many business metrics you should be tracking in your PT business, one in particular has a major effect on many aspects of your success: market share. It can be assumed that market share is the most important metric to track in all industries, because it reveals the effectiveness of any revenue generating efforts (i.e. marketing campaigns, branding initiatives, etc.).
Although it may seem basic to some, there’s still a large number of private practice owners who don’t know the difference between profit and revenue. Not understanding these numbers will affect how you track your business’s success and will likely cause you to miss opportunities to save money or make more money.
Do you ever find yourself looking over the fence? You’re not the only private practice owner that gets a little envious of larger, perhaps wealthier practices. However, now is the time to turn the tables and make YOUR practice the object of envy.
You can now add balance to your practice in as little as one month with the FYZICAL implementation team’s proven method.
After doubling his revenue every 18 months, Dr. Jeff Gallups now operates a more than $30 million dollar otolaryngology practice - one of the largest of its kind in the Southeast.
Between denials and decreasing reimbursements, it may seem inevitable that your private practice will start making less and less money. However, this doesn’t have to be the case.
Tags: Ancillary services, Compliance, hospital contracts, Reputation Management, Reimbursements, Competition, Physical Therapy, Business, Private Practice, National contracts, insurance contracts, payer contracts, negotiating insurance contracts
After years of frustration having no answer to help imbalanced and dizzy patients, Dr. Chip Hebert has now opened a state-of-the-art clinic in Lafayette, LA with diagnostic testing and treatment, staffed by a well-trained and seasoned team of providers. There’s nothing else like it in his area, and below, he shares what it’s doing for both his business and his patients.
Unfortunately, it’s extremely common for physical therapists to become “burned-out” in their careers. Of course, everyone may look forward to a vacation or have a few bad days here and there—but that’s not what we mean by burned out. If you feel like:
It’s been a year since Carl Stephenson and his 4 partners opened a FYZICAL balance center inside their ENT practice in Tuscaloosa, AL. Let’s take a look at what Stephenson and his partners have been able to accomplish over the past year for their patients, their practice, and the entire state of Alabama.
Tags: Alabama, Carl Stephenson, Ancillary services, Surgery, Productivity, franchisee, Hearing Aids, Referrals, Reimbursements, FYZICAL, Exit Strategy, Management, Hospitals, Otolaryngology, Franchising, Private Practice, Business, Audiology, Increase hearing aid sales
Marketing can be tricky – especially when you have patients to treat and employees to manage. However, it’s necessary to grow your business.
For the past 18 years, board-certified Otolaryngologist and Neurotologist Dr. William McFeely has witnessed imbalanced patients suffering from the same issues over and over again, without having the answer to help them. Today, McFeely has an answer, and is working on recruiting physicians and physical therapists across the southeast to help these patients with this new model.
Tags: Peer-to-peer, franchisee, Prevention, FYZICAL, Exit Strategy, Otolaryngology, Private Practice, Business, Ancillary services, Franchising, balance, William McFeely, Carl Stephenson, Alabama, Mississippi