Private Practice Owners Club
The CEO Kickstart Program With New PPO Club Coach Tracy Bond
Oct 22, 2024
Tracy Bond, a seasoned speech pathologist with over 32 years of experience, shares her journey of transforming a small practice into a thriving business. She discusses the importance of having a clear vision and an entrepreneurial mindset to drive growth. Tracy emphasizes the necessity of being a constant learner and offers actionable tips for maintaining financial health in a private practice. Her insights on balancing patient care with effective business strategies and adapting to challenges make this conversation both engaging and deeply informative.
45:22
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Quick takeaways
- Establishing clear payment expectations for patients is essential for sustaining financial health and accountability in physical therapy practices.
- Maintaining a strong entrepreneurial mindset and embracing continuous learning are crucial for practice owners to effectively navigate challenges and drive growth.
Deep dives
Importance of Payment Practices
Establishing and communicating clear payment expectations is vital for running a successful physical therapy practice. Ensuring that each patient pays their copay, deductible, or coinsurance is a non-negotiable policy aimed at maintaining business sustainability. This practice not only secures the financial viability of the clinic but also sets a precedent of accountability for both staff and patients. By onboarding patients with these expectations from the start, the practice fosters an understanding that these financial obligations are essential to continue providing services.
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