09.23.2020 - By Brian J. Gallagher, PT.
On today’s podcast, Brain is ready to have a discussion and drill down to the core of what’s really behind this 9% cut. As an advocate and member of the APTA, he refers to some of their material on the topic. It’s time to get positive - and change your operating basis. Tune in for some stabilizing advice & info on what this thing is and what to do about it. Episode at a glance: Pay for what you use Get your payroll under 60% of your total gross income - cut overhead This cut = the conversion factor Understand your RVUs (Relative Value Units) You need 20% of your revenue to come from cash-based services 40% increase in 5 year’s time for PT services What's missing from your private practice? Check out our Physical Therapy Guide to Optimizing your Private Practice