In this episode, Doc Danny explores a growing trend in the physical therapy industry—the rise of hybrid clinics. More insurance-based practices are looking to decrease dependency on insurance or transition fully to cash-based models. He breaks down why this shift is happening, the challenges with low-reimbursing contracts, and how adding cash-based recurring services can stabilize revenue and improve business sustainability.
Key Takeaways: ✔ Why more insurance-based clinics are struggling with reimbursement rates ✔ How hybrid models create a more stable and profitable business ✔ The importance of recurring revenue to reduce financial turbulence ✔ Why deductibles and patient behavior are leveling the playing field for cash-based services ✔ How to strategically phase out low-paying insurance contracts while adding cash services
Resources Mentioned:
- Visit PhysicalTherapyBiz.com to learn more about scaling your practice and schedule a consultation with the team.
-
Join our 5-Day Challenge at physicaltherapybiz.com/challenge
-
Apply at physicaltherapybiz.com/apply
-
Leave a 5-star review on iTunes if you enjoy the podcast!
-
Encourage a friend to do the same!
-
Join our free PT Entrepreneur Facebook Group at facebook.com/groups/ptentrepreneurv
Remember Everything You Learn from Podcasts
