Best Practices

How to Renegotiate Insurance Reimbursement Contracts: A Comprehensive Guide

Renegotiating insurance reimbursement contracts can be a daunting but necessary process for healthcare providers. Properly navigating this landscape can lead to improved financial outcomes and better alignment with the goals of your practice or healthcare facility. Here’s a step-by-step guide to help you successfully renegotiate your insurance reimbursement contracts. 1. Understand Your Current Contract Before …

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Timing Your Success: When is the Right Time to Sell Your Physical Therapy Practice?

Embarking on the journey of selling your physical therapy practice is a significant decision that involves careful consideration of various factors. Knowing when the time is right can make the difference between a successful and lucrative transition and a potentially missed opportunity. Here are key indicators that suggest it might be the right time to …

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Unlocking Success: Strategies to Attract and Retain Cash-Paying Patients in Physical Therapy

In an evolving healthcare landscape, attracting and retaining cash-paying patients in the realm of physical therapy is a strategic necessity. As insurance limitations persist and individuals seek greater control over their healthcare choices, here’s a comprehensive guide on how physical therapists can both attract and retain cash-paying patients: 1. Establishing a Strong Value Proposition Specialized …

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Empathetic & Compassion: Overcoming Patient Fears in Physical Therapy

As physical therapists, our role extends beyond the treatment of injuries or conditions; it encompasses guiding patients through their healing journey, often involving addressing their fears and anxieties. Patients may harbor apprehensions about pain, uncertainty about recovery, or concerns about the therapy process itself. Empathy and compassion play pivotal roles in helping patients navigate these …

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Maximizing Returns: Strategies to Get the Most Money When Selling Your Physical Therapy Practice

Selling your physical therapy practice can be a momentous decision, one that involves not just a transfer of ownership but also maximizing the value you’ve built over the years. To ensure you get the most money when selling your practice, strategic planning and preparation are paramount. Here are comprehensive strategies to help you maximize returns …

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How to Legally Defer Taxes When Selling Your Physical Therapy Practice

Selling your physical therapy practice can be a significant financial milestone, but it often comes with a hefty tax burden. Fortunately, there are legal strategies available to help you defer taxes and maximize your profits while staying within the boundaries of the law. In this blog, we’ll explore some key methods to help you minimize …

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Navigating Succession Planning and Early Retirement in Physical Therapy Transitions

As a dedicated physical therapist, your primary concern has always been the well-being of your patients and the quality of care you provide. But what happens when the time comes to step away from your practice and retire? How do you ensure that your patients continue to receive the same level of care, while also …

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Valuing Physical Therapy Practices: EBITDA and Healthcare Valuation

In the world of mergers and acquisitions (M&A), accurate valuations are essential for buyers, sellers, lenders, and investors. For physical therapy practices, the most common method used to value a practice is earnings before interest, taxes, depreciation, and amortization (EBITDA). But what does this mean for physical therapy practices? Let’s take a closer look at …

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