Private Practices

CMS Proposes 8% Cut in Medicare Reimbursement for Physical Therapy – Physical Therapy Fitness Article

CMS Proposes 8% Cut in Medicare Reimbursement for Physical Therapy CMS has revealed a plan to make significant cuts to Medicare reimbursement for PTs on the physician schedule for 2021. This will be the fourth proposed cut to PT and conservative care in the past 24 months and many practices are struggling financially with a national average profit margin of 4%. There are practices that will be forced to close their doors if this fourth cut passes like the three…

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What Can Physical Therapists Do about Declining Reimbursements? – Physical Therapy Fitness Article

What Can Physical Therapists Do about Declining Reimbursements? This question came from a practice owner: What can PTs do about declining reimbursements? Costs are going up for private practice owners. Meanwhile, reimbursement rates relative to inflation are going down. Compared to 20 years ago, we’re paying more for staff salaries, operating space, supplies, and all the other costs of doing business. If you look at all 50 states, the average reimbursement has only gone up about 29% in the last…

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The Ultimate Guide for Hiring the Best Physical Therapist Staff – Physical Therapy Fitness Article

The Ultimate Guide for Hiring the Best Physical Therapist Staff You might feel like a superhero when you’re helping patients regain their quality of life, but even superheroes have their limits. At some point, you’re going to need to hire staff if you want to keep growing your practice. You, personally, only have so much time in a day. Most private practice owners don’t want to work extreme hours, but on the off-chance you do, you should recognize that it’s…

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