Physical Therapy Private Practice: Secrets of the Top 10% - podcast cover

Physical Therapy Private Practice: Secrets of the Top 10%

Brian J. Gallagher, PT.www.megbusiness.com
Welcome to our award-winning physical therapy podcast for private practice owners who want to set themselves up for success and join the industry’s top 10%. Whether your business is just starting up or you’re looking to grow as a business leader and stay on top of industry trends, this weekly podcast hosted by Brian Gallagher, PT and Founder of MEG Business, features actionable insights and tips from physical therapy experts who share the marketing, operations, personnel and clinical secrets that not only improve your practice, but also your life as an entrepreneur!
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Episodes

Ep.262: Do You Have an Exit Strategy?

What’s your plan for your next professional phase? This week we cover exit strategies, succession planning and how to enter that next phase of life. There are multiple avenues to go about this - let’s dig deep to get to the root of your purpose and direction in your professional journey. Episode at a glance: You shouldn’t feel restricted by your own life The phases of life Succession planning versus a company sale Business strategic planning...

Apr 05, 202337 min

Ep.261: Conquering the Compliance Challenge with AI Technology

We know everyone’s got AI (artificial intelligence) on their mind, but how does this technology help with efficiency and compliance in the physical therapy space? This week we welcome Kelly Brown, PT from PredictionHealth ! Learn how this objective analysis integrates into your EMR system and how it can transform your practice. Episode at a glance: Informative and actionable data Solves accuracy, compliance, and practice management challenges Saves money and denials and appeals AI is only as goo...

Mar 29, 202351 min

Ep.260: Physical Therapy Billing Best Practices

You weren’t trained to bill in physical therapy private practice, but there are basic metrics that you should know you’re hitting so that you have certainty in your finance department. This is just another way to overcome the income squeeze that we’ve been discussing. It doesn’t have to be a guessing game - partner with a group that is transparent and trustworthy. Episode at a Glance: If you're not growing, you're shrinking Practice Owner Q&A What to look for when Outsourcing...

Mar 22, 202348 min

Ep.259: To Partner or Not to Partner?

To partner or not to partner? That is the question! Honestly: we’re not huge fans of partnerships. However, there is a right way to go about them. Let’s take a good hard look at the topics of timing, the perceived value versus the actual value, and how to get in (or out) of a partnership! Episode at a glance: Business partnerships are like marriages The most common points of contention Tips for partnership success Exit strategy Learn more about how we can get you to the top 10% in physical thera...

Mar 15, 202345 min

Ep.258: The New Professional Patient Care Model

Thinking can create confusion, but DOING does not. Go into action by taking a brave step outside of the box. Let’s not continue to just keep putting a bandaid over a broken system. We don’t have time to dance around the issues, let’s take control and address this head-on. Episode at a glance: The difference between needs and wants We are currently in an outdated “fee for service” model Leaders take responsibility Components of the new model Learn more about how we can get you to the top 10% in p...

Mar 08, 202342 min

Ep.257: Solutions to the Income Squeeze

Education equals empowerment. You no longer have the luxury of continuing to operate as you always have in private practice. Let’s go over the strategies and solutions that will help lessen the blow of the income squeeze that we’ve been discussing and experiencing. Episode at a glance: Let’s talk about Economics 5 major challenges we are facing Insurance solutions The Hybrid operating strategy Learn more about how we can get you to the top 10% in physical therapy private practice...

Mar 01, 202344 min

Ep.256: A Journey Into the History of Healthcare

Today’s podcast takes a clinical and informative turn! How did we get where we are now? Let’s set the stage for how this economic game started so that we can see how this impacts physical therapy, and develop solutions and strategies for the future. Take control of your costs, schedule and technology to create a balanced practice! Episode at a glance: Top challenges in physical therapy practice right now Timeline of evolution of healthcare The history of Medicare, Medicaid and Obamacare Learn mo...

Feb 22, 202340 min

Ep.255: Do You Have What it Takes to Start a Physical Therapy Practice?

If this is the future you’re choosing, there is no room to hold back. Have you considered your “why” for going into private practice? Can you be disciplined? Physical Therapy School was not designed to train you to become a practice owner. Get the tools you need to bridge the gap and become the ideal Go-Getter owner! Episode at a glance: 3 key elements to succeed in private practice Being a Clinical Director is not the same as being the practice owner You also deserve work-life balance Tools for...

Feb 15, 202340 min

Ep.254: The Income Squeeze

Let’s get a quick reality check here and reflect on where we are in society and healthcare today. The main challenges and stressors we’re experiencing in the physical therapy field comes from this main source: the income squeeze. Let’s discuss where this is coming from, and how you can combat it in your practice. Episode at a glance: You can either adapt, or go extinct Your largest business expense is going up Ideal physical therapy schedule The history of insurance reimbursement Learn more abou...

Feb 08, 202350 min

Ep.253: The Secret Power of Mentorship in Your Practice

Do you have power that you aren’t even aware of? The way you overcome the challenges around you is by unlocking the power of your team as a unified force. The way you get employee buy-in is when you provide them with opportunities and make sure that their needs and wants are being met. You are in the business of helping those around you succeed in their positions at your clinic. Episode at a glance: You are in the business of helping those around you flourish (versus profit) Retain your employee...

Feb 01, 202352 min

Ep.252: Answers to Physical Therapy Owners Most Pressing Question

This week, we mix things up a little bit. Brian takes on the point of view of the physical therapy owner and asks himself the most common questions that he’s been hearing. Tune in for Brian’s advice on topics ranging from business partnerships, to budgeting for your first private practice, to employee burnout. Don’t let the “tall grass” stop you! Episode at a glance: Don't fall into this trap with partnership Learn how to budget and borrow Improve your personnel management skills Learn more abou...

Jan 25, 202342 min

Ep.251: Should You Go Virtual? Meet MEG’s Virtual Front Desk Team

Prediction: Within the next few years, the amount of staff in a physical therapy clinic will greatly reduce. With continual increase in operational and personnel costs and the decrease in insurance reimbursement, you simply can’t afford not to change with the times. By outsourcing, you’re able to focus more revenue and attention on scaling and expanding your practice, and the front desk is an area where this makes a huge impact. Episode at a glance: Understand the coming challenges of the physic...

Jan 18, 202358 min

Ep.250: The Private Practice Paradigm is Shifting - Grow Up or Get Out!

Being the start of the year, we hope you’ve taken a good, long look at your trajectory in private practice and how it aligns with your purpose. The paradigm of the physical therapy industry continues to change, and fast. In this context, let’s decide on the game of life that you really want to play. Whether you decide to keep up or get out, make big changes, NOW! Episode at a glance: Recognize the private practice shifting paradigm Define how you will overcome it Decide whether you should keep u...

Jan 11, 202342 min

Ep.249: Top 10 Employee Concerns that Affect Productivity

Welcome to 2023! It’s clear to us that a challenge following us into the new year continues to be recruiting & hiring, and personnel management as a whole. While you’re restructuring for success, consider these common employee concerns that may be negatively impacting your private practice. Addressing these will help elevate your company culture - making you the obvious choice for both patients and staff alike! Episode at a glance: Personnel challenges are following us into 2023 Guard yourse...

Jan 04, 202333 min

Ep.248: Top Physical Therapy Marketing Strategies for 2023

We know a solid website is important (easy to navigate, loads quickly, etc.) but how can you best optimize your digital presence to connect to those who need you in the new year? Marketing expert, Peter Cartier of STL Marketing Department , illuminates where you can start improving your practice marketing for maximum reach. Your Google profile, social media, SEO (Search Engine Optimization) and the right CMS (Content Management System ex. Squarespace) are just the beginning. People are searching...

Dec 28, 202242 min

Ep.247: Happy Holidays from MEG!

It’s about that time to wrap up the year with some holiday thoughts and hopes for 2023. Brian leaves his audience with CEO tips for continual expansion for the new year! Hint: it’s time to re-evaluate your company structure. Consider your successful actions and how you could do things differently to always exchange in abundance in private practice. Episode at a glance: We hope you enjoy the holidays! Consider your company structure going into 2023 Make a change and exchange in abundance! Learn m...

Dec 21, 202217 min

EP.246: Elevate 57 Program - Star Participant Interview!

We created the Elevate 57 Program so that practice owners could build habits to work deliberately on their practice for the remainder of 2022. This week, Brian and Laura interview a star participant who has been rocking his way through this program - Josh Buechler, DPT from Nebraska! Learn how this program has already elevated Josh’s practice towards his ideal scene. You are the one who drives your practice’s success! Episode at a glance: Build daily habits to work deliberately and effectively o...

Dec 14, 202243 min

Ep.245: Reimagining 2023 & Tips for Your Clinic Staff’s Holiday Bonus

As we enter the holidays, it’s time that we take a beat to reimagine how we can achieve our ideal scene in physical therapy private practice. Let’s start by addressing one of our biggest challenges: people. Use these strategies to elevate your company culture and innovate your practice for the new year! Stay tuned to the very end where Brian gives ideas of how to bonus your staff for the holidays. It’s time to do something different! Episode at a glance: Take a moment to reimagine your Ideal Sce...

Dec 07, 202242 min

Ep.244: Physical Therapy Advocacy with PTPAC

This week we welcome Michael Matlack, the Director of PTPAC, the Political Action Committee of the APTA. Michael works to advance the association's legislative priorities on Capitol Hill through federal lobbying, grassroots, and political action. It’s so important to have our voices heard, and the best way to do that is to get involved and share our stories of how much physical therapy enhances the lives of our community! Find out how you can get involved to advocate for our profession up on Cap...

Nov 30, 202255 min

Ep.243: 5 Private Practice Ownership Superpowers!

You have more power as the practice owner than you realize! As the owner, you must reframe your mentality to be 50% the manager and 50% the entrepreneur. Don’t forget that you have the power of control over the resources. You retain the power of purpose and messaging for your practice! You have the power of choice in your team building. Find the ways that you can make a meaningful difference! Episode at a glance: Realize your power as the practice owner Reframe your leadership mentality Start ma...

Nov 23, 202244 min

Ep.242: 4 Ways to Ensure That You’re Getting Paid What You Deserve

Are you getting paid what you deserve as the physical therapy practice owner? Here are four major actions you can take to ensure you’re being paid what you’re owed: 1) Keep your financial metrics in check. 2) Run personal control over your finance lines. 3) Manage your costs! 4) Manage your “two-way street.” Tune in for full details and definitions, and learn how you can begin applying this immediately. Episode at a glance: Keep your financial metrics in check. Run personal control over your fin...

Nov 16, 202238 min

Ep.241: Private Practice Section Annual Conference 2022 Takeaways!

To say we had a successful PPS Conference is an understatement! We had a smash social mixer co-hosted with Prompt, a strong booth presence, a Sponsored Session (with a FREE program for attendees!) and a powerful Breakout session in the keynote ballroom. We are grateful to have made so many new friends, and if you missed us this time around, here are Brian’s thoughts on the heels of the event! Episode at a glance: Get MEG's take on PPS 2022 Don't miss next year's event! Learn more about how we ca...

Nov 09, 202231 min

Ep.240: Is Your Marketing Missing the Mark?

Welcome back! This week, let’s tackle Marketing. How is your marketing differentiating you from the pack? Are you planning your marketing campaigns two months out? Are you tracking your success with statistics and substats? Make sure you are giving value to your target audience (your patients) and creating a fun environment within your clinic! Episode at a glance: Does your marketing pack a punch? Learn how to differentiate yourself from the competition Track your success Learn more about how we...

Nov 02, 202225 min

Ep.239: What’s in Your CEO Toolbox?

Do you feel “blissfully discontent?” Are you living to your full potential as an entrepreneur and including your staff in the company mission? If you’re running your own business, make sure you know your market and know which tools are available to you to enhance your private practice - and outsource the rest! Remember: if you keep doing what you’re doing, you’re going to keep getting what you’ve got. Episode at a glance: Build a company that you are proud of Understand the CEO tools available t...

Oct 26, 202236 min

Ep.238: National Physical Therapy Month - Client Spotlight!

We are excited to welcome Melissa Bourgeois from Bourgeois Physical Therapy and Sports Rehab who represents one of our superstar, husband-and-wife practice teams! They set an excellent example in how to invest in your company culture, training for retention, outsourcing and beyond. Don’t let the unknown get the best of you. Make sure to connect with us at PPS 2022! Episode at a glance: Happy National Physical Therapy Month! Listen to how one of our star clients are applying their training for su...

Oct 19, 202256 min

Ep.237: Technology to Elevate Your Physical Therapy Practice Interview

We know we need to differentiate our physical therapy practices with high-tech income verticals for 2023. You’ve heard us mention it many times, but as a reminder: the Neubie is the real deal. But don’t just take it from us! Listen to the experts Garrett Salpeter from Neufit and Jason Waz, PT explain the science behind it and how to apply this technology in your private practice. Let’s expand the way that we help our patients! Episode at a glance: Use technology as a market differentiator People...

Oct 12, 202255 min

Ep.236: The Qualities of True Practice Leadership

What is true leadership? What does that look like for you? Being a physical therapy practice owner is different than just being a great clinician. We are facing some serious headwinds going into 2023, so let's get all the help we can to achieve our goals. Identify the symptoms of poor leadership and strengthen your qualities for true leadership! Episode at a glance: You are the owner first and Physical Therapist second Learn how to identity poor leadership Strengthen your leadership abilities Le...

Oct 05, 202244 min

Ep.235: Solutions for Physical Therapy Hiring, Net Revenue and New Patients

Let’s tackle the crises of hiring, Net revenue and getting new patients - three challenges that you can solve NOW! Utilize these actionable tips to stand out, enrich those around you, get your payroll costs down and increase your number of new patients. We’ll continue to help you solve the “supply chain shortage” at our session at PPS 2022! Episode at a glance: Outpace the hiring challenges Gain control over your revenue Get new patients in the door Learn more about how we can get you to the top...

Sep 28, 202241 min

EP.234: MEG Team on the Physical Therapy Virtual Front Desk

Let’s move into the 21st century of physical therapy operations. Is it advantageous for you to pursue a virtual front desk system? We are excited to continue learning how we can bring this great service to practices across the country and to forward innovation in our industry. Now is the time to think differently! Episode at a glance: Coming out of beta testing with MEG's Virtual Front Desk Pros and cons Get on the waitlist if you're interested! Resources: Join MEG Business at PPS 2022 !...

Sep 21, 202238 min

Ep.233: Wait, What? Another Medicare Cut?!

Yes, you read that right. What can we do about another insurance cut to the physical therapy private practice profession? How do we out-create it? You can’t do it alone today. Use the power of communication and recruit help through training so you can stay ahead of the curve. Episode at a glance: Achievement is the Net result of doingness Join the PPS community (we’ll see you at PPS 2022!) Be transparent with your staff Ideal PT team approach Do NOT have your PT run the schedule Weekly executive...

Sep 14, 202246 min
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