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.293: What You Missed at APTA Private Practice Conference 2023

It’s not about perfection, it’s about improvement. Conferences like the APTA’s Private Practice offer a great way to invest in yourself and in the future of the physical therapy profession. Let’s not wallow in what is happening to us, rather let’s evaluate what we’re going to DO about it. No situation lasts forever and you can get the tools that you need to make a real difference. Episode at a glance: Honest feedback about the event What can be done about it? Be a force of change 6 solutions to ...

Nov 08, 202338 min

Ep.292: Tools for Change and Evaluating Your “Why”

We are all looking for solutions to help us combat the challenges that we’re facing in business today. Here’s the secret… the solution is YOU! It might feel like there’s a lot to complain about, but what do you plan to do about it? Get the training and systems of operation that you need to elevate yourself and your staff! Episode at a glance: Evaluate the “why” Accept that you don’t know everything Don’t be a martyr The power of the Net Promoter Score (NPS) Review your website...

Nov 01, 202332 min

Ep.291: Practice Solutions with Highbar Physical Therapy

This week, we had the privilege of speaking with Michelle Collie, DPT - the CEO of Highbar Physical Therapy . Originally founded as Performance Physical Therapy in Pawtucket, Rhode Island, Highbar now operates over 25 clinics across Rhode Island and southeastern Massachusetts and is rapidly expanding throughout the Northeast. No matter what stage you’re at in private practice, this could be the solution you’ve been looking for to strengthen your business. Episode at a glance: You don’t have to d...

Oct 25, 202354 min

Ep.290: Innovating Your Practice with NeuFit and The Neubie

This week, we’re excited to welcome back Garrett Salpeter from Neufit ! This is not your mother’s TENS unit… this is an advanced technology that garners ground-breaking results and sets you apart from every other clinic in your zip code. Tune in to learn the science behind this cutting-edge device and the clinical outcomes that you can expect for your patients! Episode at a glance: Functional recovery for MS patients Neubie application and results Recent and upcoming studies Be willing to look! ...

Oct 18, 20231 hr

Ep.289: Become the Practice of the Future with Virtual Sally Technology

This week we are thrilled to welcome the power couple, Wendy & Mark Lucas from Virtual Sally ! When we talk about advancing your clinic with technology, this is what we’re talking about. Modern problems require modern solutions - combat The Income Squeeze by optimizing your front desk system and becoming the practice of the future. Episode at a glance: How does a virtual front desk work? How does it integrate with your current system? This moves you into the Progressive PT Practice Model...

Oct 11, 202347 min

Ep.288: How to Stand Out in a Crowded Physical Therapy Market

How do you stand out if you’re located in a crowded physical therapy market? There are two components to this: personnel and public. Modernizing your practice is a MUST in today’s environment! Learn how to put in a new structure that leverages advanced technology to enable you to outperform your competitors. Episode at a glance: The best compensation approach Ideal practice schedule Offer a student loan reimbursement program Consistent gamification & engagement What is your public looking fo...

Oct 04, 202339 min

Ep.287: Reaction to WebPT’s Ascend Event 2023

WebPT has once again hosted an insightful and innovative Ascend event. It really got us thinking… it’s a new world out there! What do we mean by that? Our industry is at a crossroads - we are running up against The Income Squeeze situation, and it’s nobody’s fault! Here are some unfiltered thoughts, along with solutions (as always). Episode at a glance: This world needs more confront It’s a two-way street! It’s a rigged system The reality of being a practice owner...

Sep 27, 202343 min

Ep.286: 5 Reasons Your Practice is NOT a Top Performer

Today, we present you with curated data to prove why you should strive to be transformational in your practice. These are the 5 reasons that you don’t become a top performer in physical therapy private practice - paired with actionable solutions! Learn how to enhance the effect that you have in your community and in your work culture. Episode at a glance: You cannot afford to be rigid 5 reasons your practice is not a top performer Commit to consistency Quick KPI’s (Key Performance Indicators) Wh...

Sep 20, 202340 min

Ep.285: The Secret to Building a Patient-Centered Culture

Culture is everything. This truly is the #1 key to having a successful practice in today’s environment. Make it clear that your staff signed on to support your entire community, not just the patients on their schedule. Tune in for the secrets to elevating your practice culture! Episode at a glance: The secret to the ideal company culture There has to be agreement before there is change Exercise the ability to withhold Learn what to delegate Impact Mag article referenced: https://www.ppsimpact.or...

Sep 13, 202335 min

Ep.284: How To Manage in the Top 10%

In our experience, the top 10% of practices are those with a solid company culture, are in demand with their public, and have a Net revenue of over 20% (financially healthy). Understand the rules of the game and take a close look at who you’re involved with in business. Run with these top systems for optimizing your environment, structure and personnel management. Episode at a glance: Set a good example in your neighborhood Know your objective data Know the products of your company divisions Suc...

Sep 07, 202346 min

Ep.283: Your Practice Savior - The Business Strategic Plan

How can a Business Strategic Plan save your physical therapy practice? This is a powerful operational tool that defines the actions of an owner based on the goals that you wish to achieve. It helps you set goals for the year, and targets for each month and quarter. The BSP helps to keep things objective, not emotional! Episode at a glance: Are you “blissfully discontent”? Mitigate your personnel issues Watch the 3-week trend Subproducts to get new patients...

Aug 30, 202341 min

Ep.282: Need Cash? Top Cash-Based Services for Your Clinic

Why do you want to bring more cash into your clinic? We must accept that there are things to combat in our healthcare industry - for example, the ongoing threat of insurance cuts. There is a blatant need for change in order to stay ahead of the increasing cost of doing business. Learn how to implement these top options for cash-based success, and more. Episode at a glance: Fixed rate payments are going down WebPT’s State of Rehab Report 2022 statistics (2023 Report here ) Benefits of adding cash...

Aug 23, 202341 min

Ep.281: Fighting Decreased Reimbursement

The only way that things change in your life, is when you change them. It’s time to go beyond “thinking outside the box” - throw away the box! Utilize these six tips and creative solutions to fight the ever-decreasing reimbursement in our physical therapy industry. Collect your Net Promoter Score and clinical outcomes to show objective data of your practice. And don’t underestimate the power of the APTA! Episode at a glance: You must be able to market your services Cash-based services as a diffe...

Aug 16, 202339 min

Ep.280: Staffing & Retention Success: Real-Life Application of MEG's Tools

One of our star clients, Jason Waz, PT has never had an issue hiring and retaining top talent, even in the competitive Florida market. Learn how Jason has expertly applied his MEG training to attract the best and the brightest, build “intrapreneurs”, hybridize his practice, and more! Discover what’s possible when you apply successful recruiting strategies in your practice. Episode at a glance: Clinical Education programs Pay-for-performance model to attract top players Advanced employment tools ...

Aug 09, 202351 min

Ep.279: Preserving Your Future Livelihood

Having individual resilience is a true ability. Question: do things seem to just be happening around you, or are you causing them to happen? Do you have actual control of your future? Do you want more than what you’re experiencing in your day-to-day life? Get your head in the game and learn how to apply the Progressive PT Practice Model. Episode at a glance: Fuel the three buckets of your life Don’t give in to mediocrity You owe it to yourself to get educated The 4 Keys to Practice Success remin...

Aug 02, 202347 min

EP.277: Systems for a Better Patient Experience

Running a private practice is not always a walk in the park. So what do we do it all for? Are you doing it for the money? Revisit your purpose and implement these systems to achieve the ideal experience for your patients. Your patients are not just a “knee” or a “shoulder” - they are a person! Learn how to give them the best. Episode at a glance: Don’t get stuck in the mechanics You are in business for the patient Share the brand Enhance your environment (front desk!)...

Jul 19, 202332 min

Ep.276: Solutions for the Overworked Practice Owner

First of all, give yourself some grace. There is a reason you’re feeling overworked! Let’s address some common misconceptions (that Brian learned the hard way) and delve into solutions for you to operate as a business owner first, a therapist second. Don’t forget: there aren’t enough hours in the day for you to outwork a lack of knowledge. Episode at a glance: Brian’s story Common misconceptions Operational solutions to make your life easier Operational solutions to make your life easier...

Jul 12, 202344 min

Ep.275: Is There a Leak in Your Private Practice Ship?

We hope you enjoyed the 4th of July holiday! Are you seeing more patients than your staff are? Are you having trouble differentiating your practice? Do you have a billing horror story? It’s time to identify the leak in your ship, and handle accordingly. Moral of the story… all signs lead to the Progressive PT Practice model ! Episode at a glance: Leaks are most often in: A) personnel B) marketing & branding or C) billing & collections Are you recruiting even if you don’t have an opening?...

Jul 05, 202346 min

Ep.274: Let’s Revisit the Hybrid Practice Model

This week, we’re revisiting the clinical side of your business to continue moving you away from the Fee-for-service model and in the direction of the Progressive PT Practice model - the future of our profession! Learn how to run your practice in 2023 and beyond with maximum viability and productivity using the Hybrid Practice model. Be a practice of the future, not a practice of the past! Episode at a glance: The practice model of the future Reduce your payroll Personnel Improvement Program (PIP...

Jun 28, 202328 min

Ep.273: The Game of Thriving

Spoiler alert: it’s not about your bank account! How do you and your staff truly thrive? You thrive, together. Despite the challenges in today’s workforce, you can use these tools to elevate your environment and set your practice up for success. Stay in tune with your group both personally and professionally. Episode at a glance: What does it mean to “thrive”? Ads to attract top talent Professional development and mentorship Conflict resolution...

Jun 21, 202341 min

Ep.272: Therapy in the Great Outdoors with Dr. Laura Park Figueroa, OT

This week we are so excited to interview Dr. Laura Park Figueroa! Laura is a nature-loving Occupational Therapist and the Founder of Outdoor Kids OT, Inc. , a nature-based pediatric occupational therapy practice, and Therapy in the Great Outdoors , an online multi-disciplinary resource hub for nature-based pediatric therapists. What better place to help people make therapeutic gains than the great outdoors?! Episode at a glance: What is nature-based therapy? Research-proven outcomes and benefits...

Jun 14, 202340 min

Ep.271: What is Leadership in Private Practice?

How can you best succeed in leadership? Don’t forget, as the physical therapy practice owner you’re a leader first, clinician second. We can’t ignore that the cost of doing business continues to skyrocket. The fact is, the better you are able to lead, the more successful your private practice will be for it. Episode at a glance: The definition of leadership The four types of owners Observe, decide and act Leadership concepts and abilities...

Jun 07, 202337 min

Ep.270: How to Handle Challenging Staff Members

This is something that we hear practice owners struggling with across the country. You simply cannot afford to wear the condition of your team members. Tune in for real world examples and role-play handlings to learn how to let go of the toxic individuals that are dragging your practice down. Episode at a glance: The longer you let the bad apples stay, the worse the effects Two types of employee that you don’t want on your team PIP - Personnel Improvement Program Training & onboarding is eve...

Jun 01, 202335 min

Ep.269: How to Succeed by Your Own Successful Efforts

Are your efforts directed in the wrong area? Are you distracted from your efforts? Many people just do, do, do without taking a step back and thinking, why? Let Brian’s questions in this podcast guide you to a better understanding of yourself and your business approach in private practice. Episode at a glance: What is holding you back? 100% of your job, 100% correct Survey your patients Acknowledge and validate Recruiting advice...

May 24, 202340 min

Ep.268: Unlocking the Power of RTM in Your Practice with Limber Health

We now re-enter the Remote Therapeutic Monitoring (RTM) space from a different perspective with Steven Liska, DPT from LimberHealth . Statistics show that 80% of patients' outcomes are determined outside of your clinic in the way that they stick to their plans of care and home exercises. Learn how to infuse more communication and engagement into the therapist-patient relationship - including a mock rollout role play of the service! Epsidoe at a Glance: RTM complements what’s already being done i...

May 17, 202340 min

Ep.267: The Evolution of Quantum Medicine with Dr. Maurice Hinson

We are honored to be joined by John Hopkins and Cornell University alumnus, Dr. Maurice Hinson, for a compelling discussion on the shortcomings of our current healthcare system and the necessity of addressing the root cause of illness through quantum and alternative medicines. Learn how you can incorporate these concepts and practices into your physical therapy clinic. Remember: without inspection, there is no advancement! Episode at a Glance:Healthcare versus “Healthcost” system Sound and light...

May 10, 202357 min

Ep.266: The Anatomy of Change

As a general rule, people do not like change, and naturally so! Change is an essential part of business, but is often met with resistance from employees. How you choose to handle this is what truly defines you as a leader. Implement this strategy to successfully roll out change in your private practice. Episode at a Glance: Pilot new programs first Build a step-by-step plan Be willing to pivot Persistence gets the prize Motivate through purpose...

May 03, 202326 min

Ep.265: How to Handle the Most Common Staff Considerations

Today, we address the top considerations that we hear PT owners are struggling to handle with their staff - both clinical and nonclinical. Get back to their purpose in physical therapy, and therefore why you hired them. Make sure you’re transparent about your employment ladder and that you’re applying the two-way street of exchange Episode at a Glance: Physical therapists do not bill It all starts with purpose The best clinical schedule Documentation is crucial Your clinicians are not marketers...

Apr 26, 202324 min

Ep.264: The Latest in Remote Therapeutic Monitoring with Vikram from PT Wired

This week we welcome back our friend Vikram from PT Wired to discuss another approach to RTM (Remote Therapeutic Monitoring). Get educated on RTM and this unique self-service strategy to bring this awesome tool to your patients. Tune in for a detailed breakdown of how you would implement this into your private practice. Episode at a glance: Self-service RTM model Interactive communication workflow Full continuity of practice brand Control = income...

Apr 19, 202336 min

Ep.263: Are You Enduring or Enjoying?

The technical and mechanical side of private practice is relatively easy, but when you take a closer look, there is a whole mindset side that needs to be addressed. We get on the phones with PTs around the country every day and are starting to hear the familiar tune of external influences and self-doubt. Our response is to empower your free will and self-determinism - the person who has your best interest at heart, is YOU! The episode at a Glace: You have the power of choice and decision-making ...

Apr 12, 202340 min
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