The P.T. Entrepreneur Podcast
Ep748 | Double Your Cash-Based Clinic With These Small Changes In 2024
Sep 24, 2024
Dr. Danny, a specialist in cash-based physical therapy, shares powerful strategies for boosting clinic revenues. He discusses the impact of small, focused changes in operations and highlights the importance of identifying core 'keystone habits.' The conversation reveals how tracking metrics like new patients and session pricing can lead to significant income growth. Dr. Danny also suggests that incremental improvements are essential for long-term success, making his insights a must-listen for clinic owners seeking profitability.
24:10
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Quick takeaways
- Focusing on four key areas—new patient acquisition, average visits, session pricing, and patient continuity—can significantly boost revenue for clinics.
- Developing a structured continuity program not only stabilizes income but also enhances long-term patient relationships and overall practice value.
Deep dives
Key Areas for Revenue Growth
Focusing on four primary areas can significantly enhance revenue generation for physical therapy practices. These areas include new patient acquisition, average visits per patient, price per session, and the percentage of patients who continue with ongoing care. Small improvements in any or all of these metrics can lead to substantial financial gains, as evidenced by case studies presented in the episode. By targeting these specific areas, clinicians can avoid feeling overwhelmed and instead create a more focused action plan to improve their practices.
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