Physical Therapy Practice 💲💲 Profitability 💲💲

In this video I discuss how the same hour of therapy can produce drastically different profits.
#physicaltherapymedicare #occupationaltherapymedicare #speechtherapymedicare
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✔️ If you are interested in learning more about billing Medicare check-out our website at Learn Medicare Billing
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If you would like to mail me:
Total Therapy Solutions
5900 Long Meadow Dr
Middletown, OH 45005

[@joshmagill80]

This scenario is so true. I would 100% take 100 post surgical patients over 100 low back pain patients from a business point of view. The problem is that it's a lot easier to find 100 people with low back pain than 100 people who are post surgical...at least it is for me:) Personally, I feel like geriatric balance/difficulty walking/general weakness patients are the best of both worlds. It isn't as sexy but I would say the biggest businesses in our industry are built off these patients.

[@READV]

Great stuff Tony! Shocks me that this isn't your most popular video. Super important concepts here!

[@LearnMedicareBilling]

Thanks for the feedback.

[@stephenharris2495]

Is holding back on submitting billing to insurance scaleable beyond one maybe 2 clinics?

[@LearnMedicareBilling]

1,000% yes! Cashflow management is a universal strategy. The reality is most larger organizations just don't need to. They have operational advantages. Economies of scale. It is certainly easier for a smaller clinic to do it, but it can be implemented at any size. Now, on the flip side, if I am a rapidly growing business waiting on income is a bad idea. If I need capital coming in I would rather take it at a 15% reduction now than wait a couple months. Larger businesses sometimes sell their AR at a discount because they need the cashflow now. Our advantage is we can wait a couple months to bring in more.

[@TheMidnightGroove]

Why don't you provide your website link?

[@LearnMedicareBilling]

Which website would you like?

[@TheMidnightGroove]

@@LearnMedicareBilling for billing and coding