We recently reached out to our audience of physical therapists to learn what resources you wanted most, and many of the responses we received had to do with understanding and improving business metrics. For many physical therapists, the practicalities of managing finances, running a practice, and bringing in business can be overwhelming. In fact, according to CovalentCareers' 2019 Physical Therapy Report, physical therapists are happy with the clinical education they received in PT school but worry that they did not receive the business training necessary to succeed as a practice owner.
That's a big problem. Just like a quarterback needs to understand the core rules of football, any practice owner needs to be comfortable tackling the ins and outs of benchmarking, tracking, and reporting on your data. How else can you build an all-star practice?
That's why we teamed up with our friends at WebPT to answer your questions about tackling your physical therapy practice's business metrics!
Adam McCoy, Product Manager at WebPT, joined us for a discussion where we covered questions like:
- What are the six primary KPIs that all PT practices, large and small, must track?
- What kinds of mistakes do practice owners encounter, and how can they avoid them?
- What business metrics have a direct correlation with practice success?
- What benchmarks should PT practice owners be using to know if their practice is doing well?
- And more!
Watch the replay below!
Launched in 2008 by leading sports PT Heidi Jannenga and SaaS technologist Brad Jannenga, WebPT is a cloud-based, multi-product practice solution designed specifically for rehab therapists. The company’s product suite includes EMR, scheduling, billing software, analytics, outcome measurements, patient relationship management, and HEP software—and they're always innovating new features and products. They've ranked on Inc. Magazine’s list of the nation’s 5000 fastest-growing companies each year since 2012 (that's 7 years in a row).