This is a great article from Florida that speaks to many of the important issues facing the owners of private PT practices today: physician-owned practices, corporate players, reimbursement, and ownership agility.
Medical Arts’ owner, Timothy Richardson, said cutbacks by insurers and Medicare, as well a change in a law little known outside medical professions, have hurt many physical therapy clinics.
“It’s sort of a perfect storm,” he said.
That storm sent some of physical therapy’s biggest players running for shore, and may have been a bellwether for the smaller operators.
Click here or call (888) 827-5613 for information on a free program dedicated to helping private practices throughout the U.S. strategically adjust to the slowing economy. Free program runs through March 31st, 2009 and is open to practice owners and administrators of any healthcare discipline.
Tannus Quatre PT, MBA is a practice consultant and principal with Vantage Clinical Solutions, Inc., a national healthcare consulting and management firm located on the west coast. Tannus can be reached through the Vantage Clinical Solutions website by clicking here.