Enhancing Facility Utilization: From Tech to Practice Owner with Mike Hyde

In this episode of the Grow Your Practice Podcast, Chad Madden chats with Mike Hyde, the owner of Hayden Physical Therapy in Greenwood, Indiana. Mike shares his journey from being a high school sports player inspired by an injury, to becoming a private practice owner. He delves into the steps he took to become a physical therapist, his decision to take ownership of the clinic, and the strategies implemented to ensure its success. Mike discusses the impact of workshops on patient flow, the importance of consistent marketing, and working with a tax professional to optimize financials. The episode also highlights key challenges faced by private practice owners and offers insights for sustainable growth and operational management.

Mike is a ‘Profitability Under Pressure’ course customer, which aims to help clinic owners increase revenue, effectively use space, and improve team hiring and retention. Join us in achieving your PT practice owner goals! Apply here: https://hubs.la/Q02H_3Sl0

00:00 Introduction to the Grow Your Practice Podcast

00:23 Meet Mike Hyde: From Injury to Physical Therapy

00:38 Journey to Becoming a Physical Therapist

03:01 Starting at Hayden Physical Therapy

05:43 Challenges and Growth as a Practice Owner

06:32 Marketing Strategies for Consistent Patient Flow

08:43 Tax Strategies and Financial Management

13:17 Real Estate and Business Ownership Insights

17:53 Implementing Workshops and Marketing Tactics

20:28 Leadership and Personal Development

21:35 Conclusion and Contact Information