Practice Owner’s Manual Series, Part 3 - Financial Mastery With Adam Robin
Private Practice Owners Club
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Financial Operations and Key Performance Indicators in a Physical Therapy Business
This chapter delves into the importance of analyzing financial data such as average reimbursement and costs per visit in running a profitable physical therapy practice. Emphasizing the need to understand key performance indicators and the relationship between costs and reimbursements, it highlights the significance of setting productivity expectations based on objective financial numbers. The chapter also discusses strategies to maintain a healthy financial balance, including keeping payroll percentage under 55% and calculating the break-even number to ensure profitability.
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