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.323: Leading Through Change Versus Being a Victim of It

Have you ever dreamed of moving from employee to employer? Let’s talk about being a leader who isn’t afraid to drive change for maximum growth. Be willing to spot and remove problematic people from your group. Most of all, get the training you need to fill in the gaps of what you don’t know! Episode at a glance: No complaining! Be willing to “put the cart before the horse” Spot and distance yourself from problematic people Embrace technology...

Jun 05, 202432 min

Ep.322: Red Flags in Your EMR System (with the Experts!)

Today, we welcome our Billing Director, Stacey White, and our Director of Virtual Front Desk, Taylor Wagner, to give their unique perspectives on the good, the bad, and the ugly of your EMR system. There’s no sugarcoating today! Join us for an open dialog on why people leave their current system, major red flags to avoid, and what you should expect from an effective system. Episode at a glance: All-in-one comprehensive program Communication and transparency are everything Defining Clearing House...

May 29, 202459 min

Ep. 321: Top Questions from Practice Owners Nationwide, Answered

Today, we tackle the most relevant questions & concerns that we’ve been hearing from practice owners across the country. We are here to supplement your knowledge, but at the end of the day, the decision is yours. Whether you're a new or established practice owner, level up your business by applying these successful actions! Episode at a glance: The Practice Assessment process When to hire your next therapist Defining clinical efficiency The Learning Management System...

May 22, 202432 min

Ep.320: What to Expect from the Private Practice Credentialing Process

Learn more at our Zoomcast “Beyond the Basics: Advanced Credentialing Health Checks for Thriving Therapy Practices” on May 16th at 12pm EST You can’t escape it! Credentialing can either help you or hurt you, and it’s your responsibility to know the rules for your state and the compliance intricacies of this process. This isn’t an aspect of your business that you should be trying to do yourself, or dragging your feet on! Work with experts to avoid any messes with your contracting & credential...

May 15, 202418 min

Ep.319: Master Tough Markets: Tips from JAG Physical Therapy's CEO

John Gallucci Jr., PT is the President & CEO of JAG Physical Therapy , a thriving chain of top-performing clinics in the Northeast. Join John and Brian as they discuss the shortcomings of Academia, how to provide intrapreneurial opportunities for staff and students, and how to excel in a low reimbursement area. Whether you are operating in this market or anywhere across the country, we know you will walk away inspired and with tons of valuable tools! Episode at a glance: Mentoring young clin...

May 08, 202453 min

Ep.318: Crushing the Physical Therapy Interview Process

How do you attract and retain the best possible people to your practice? Your people are the secret to your success. Employers and employees share the same highway, this is a two-way street. Apply the principles of the 5-step interview process whether you’re the one applying for the job, or conducting the interview! Episode at a glance: Master your personal integrity Master communication The 5-Step Interview Process Questions for Interview Day...

May 01, 202442 min

Ep.317: The Million Dollar Question

Here is the million-dollar question: How do you feel about your future, and what can you do about it? We have the tools and mechanics that will enable you to run a more effective practice - this is the easy part. Your ability to perceive and navigate people is everything. Your future is in your hands! Episode at a glance: Your past does not dictate your future Perception is king The industry is constantly changing Shorten your runway...

Apr 24, 202438 min

Ep.316: Strategic Programs & Benefits to Attract Top Talent

Are you struggling to recruit and retain top talent for your practice? Today, we focus on one group in particular: the New Grad (1-3 years out of school). Stand out among the competition by offering the best opportunities for young physical therapists who are ready to build a fruitful career! Episode at a glance: Optimize your ads Top programs & benefits Promote! Tuition reimbursement program...

Apr 17, 202423 min

Ep.315: Three Powerful Ways to Up Your Earnings with Gwen Simons, Esq, PT

If you don’t take the steering wheel of control into your own hands, no one else will. This week, we are honored to welcome accomplished physical therapist and lawyer, Gwen Simons. With these two backgrounds, Gwen brings a unique perspective and provides expertise on the legal do’s and don’ts for creating a streamlined and viable physical therapy business. Learn how to effectively increase your revenue and reduce costs, the right way! Episode at a glance: Helping small practitioners DROP your lo...

Apr 10, 20241 hr 10 min

Ep.314: Is Your Clinic Schedule Working Against You?

Practice owners across the country are trying to find more ways to increase revenue and reduce costs. We have many tactics to help you with this, one of which is re-evaluating your schedule. Are you being held hostage by your clinic schedule? The most effective schedule that the top clinics in the nation are winning with might surprise you… Episode at a glance: The top 3 types of schedules The top 10% of practices are averaging 12-14 visits per day Outsource your admin staff How are you going to...

Apr 03, 202418 min

Ep.313: Anatomy of the Ideal Private Practice

In this robust episode, we break the anatomy of your dream private practice down into three parts. Are you willing to bet on yourself as a practice owner? Drop your fixed ideas and open your mind to the successful actions of the top 10% of clinics nationwide. Follow this blueprint to go from startup to success! Episode at a glance: Part 1: Extrinsic factors Part 2: Financial factors Part 3: Operational factors...

Mar 27, 202457 min

Ep.312: Prompt - The Ferrari of EMR Systems (with Mike Dwyer)

We have observed some people in the industry operating in a “race to the bottom” - trying to get what they need for the lowest possible cost. As a practice owner, you must evaluate your cost-to-return ratio and pursue the system that delivers the best value to your practice. Don’t settle on the system that touches every aspect of your practice. Find out more about this state-of-the-art product, and thank us later! Episode at a glance: Do business with people you know, like and trust What sets Pr...

Mar 20, 202443 min

Ep.311: Targeted Marketing for Maximum Reach

What is Marketing? Marketing is not sales. It’s all about the story you’re telling, and how you are promoting your purpose. What is the perception of your company that you’re trying to create? Always approach your marketing from the intention of helping others. Episode at a glance: It’s about others How are you using social media? The point is to create a connection Don’t try to be everywhere...

Mar 13, 202439 min

Ep.310: Accepting the Rules of the Game

It’s important to understand that failures are part of the landscape. Hurdles are part of the journey. What are you willing to do about it? What changes are you willing to make? What matters most is your reaction to them - be willing to adopt new ideas! Episode at a glance: Success is within your control Mindset and skill set Dial in your vision Right idea, wrong application

Mar 06, 202415 min

Ep.309: Are You Doing More But Making Less?

This week, we give recent examples of what physical therapists at various stages of practice ownership are experiencing right now - plus applicable solutions. Your practice isn’t going to fix itself! Here are the things that you do have control over to change for the better. Episode at a glance: Stop blaming the Income Squeeze Three income verticals with cash-based services Certainty = control Don’t short-change yourself!

Feb 28, 202422 min

Ep.307: Real Talk on Contract Negotiations

Let’s have some fun with this topic. Don’t fear the “confrontation” of it - go in with confidence, certainty and conviction! Take out the guesswork and do all of your preparation before you even pick up the phone for the conversation. Episode at a glance: Data collection and leverage Understand their viewpoint Have specialized services and programs Patient letters and Net Promoter Score Role play of the conversation

Feb 21, 202439 min

Ep.308: Reaction to APTA CSM 2024

What do you plan to do differently in 2024? We’ve never seen so much enthusiasm (or so many attendees!) as we just did at CSM in Boston. The energy was contagious! We were proud to give solutions to a packed room of therapists on how to beat the Income Squeeze using the new Progressive PT Practice Model. The solution is CHANGE! Episode at a glance: The future of PT private practice There’s a demand for change Rolling out Pay-for-performance model Real-life applications...

Feb 21, 202428 min

Ep.306: How to Succeed Without Guessing or Stressing

As physical therapists, we are in the business of people! Success in private practice is already within your reach. If you’re not sure where to start (or are still throwing spaghetti at the wall) consider these tried-and-true strategies and systems. Remember - if you’re not expanding, you’re contracting! Episode at a glance: Stop fixating on problems Manage and delegate Acknowledge and validate your employees Can you spot the bad apples?...

Feb 07, 202436 min

The Secrets to Startup Success with Benjamin Bleess, DPT

Would you rather have a comfortable job, or total business freedom? Have you ever felt alone in your private practice journey? Dr. Benjamin Bleess is about a year out with his physical therapy practice and is a shining example of entrepreneurial success. Learn about the tools and strategies that Ben put into action to build the private practice of his dreams. Episode at a glance: Meet your patients needs A good leader is always willing to look Freedom equation Learn from the best See the end at ...

Jan 31, 202445 min

Ep.304: Bridging the Skill Gap

Though PT School lays a great foundation, our skill development is a lifelong journey. You might not be able to go back in time and apply everything you’ve learned, but you don’t have to keep playing catch-up either. What PT School didn’t give you, is business training! Stay connected to your vision and learn how to develop the skills needed to realize your ideal scene. Episode at a glance: Seek out the things you don’t know Know (exactly) what you want 3 phases of business development Resist th...

Jan 24, 202421 min

Ep.303: A Moment of Self-Reflection - Are You Being True to Your Dream?

It’s time for a quick heart-to-heart. Are you compromising on your ideal scene? We’ve been hearing a lot of risk-averseness and people watering down their private practice dreams. Starting in physical therapy private practice is actually pretty simple - don’t take the path of least resistance! Episode at a glance: Stop procrastinating on your dream 30% of people are risk-averse Environment, personnel, systems of operation Step #1 for entrepreneurship...

Jan 17, 202415 min

Ep.302: Recruiting A-Team Players to Your Private Practice

Remember: we’re not just hiring a license and a heartbeat. How do we position ourselves as a top-tier practice in the eyes of potential new hires? How do we align with their purposes and values? Be smart about your compensation packages and write ads that spark interest. Episode at a glance: You don’t need to throw more money Consider hiring a recruiter Establish a relationship with PT Schools The hiring process Who by Geoff Smart and Randy Street...

Jan 11, 202436 min

Ep.301: Industry Predictions for 2024

Welcome to 2024! Many physical therapists that we’ve spoken to recently seem to be moving into the new year in a sort of frustrated haze. Picture this: if you use the right tools to fight your way through the jungle, you will make it to the beautiful lagoon on the other side. Prepare yourself for the new year with our informed physical therapy industry predictions. Episode at a glance: Our goals for the podcast for 2024 Focus on your objectives for 6-12 months from now You own time, it does not ...

Jan 04, 202448 min

Ep. 300: Happy Holidays from MEG!

The end of the year poses a great time for us to self-reflect and project for the future. If you keep doing what you’re doing, you’re going to keep getting what you’ve got! Don’t go another year saying “I wish”, “I should”, or “I could.” Give your staff the gift of merit-based compensation and give yourself the gift of entrepreneurship in private practice! Episode at a glance: Our 300th episode! What you didn’t get in PT School What is freedom? Be the Go-Getter **Special discount if you purchase...

Dec 28, 202314 min

Ep.299: The Bulletproof Compensation Model (Where Everyone Wins!)

This week, we give you the key elements that are sure to help solve your recruiting problems. The top 10% want to reap the benefits of their hard work, understand your purpose, and win alongside the group. How do you attract these A-team players? Implement a value point system and the Pay-for-performance model - which is all pros, no cons! Learn how to cultivate a culture where your employees aren’t working FOR you, but are participating WITH you. Episode at a glance: Tools for hiring & recr...

Dec 20, 202338 min

Ep.298: The Fee Schedule of the Future

The “new normal” is that there is no normal. As the owner, you set the tone for your practice; and we tend to see a dramatic difference between the owners who have had executive training, versus those who haven’t. Put on your business hat and ask yourself - are you willing to change the way that you exchange with your patients? Learn which stats you should look at when evaluating your insurances, and which fee schedules the top 10% of practices are already winning with. Episode at a glance: Why ...

Dec 13, 202334 min

Ep.297: Resisting the “Doom-and-Gloom” Mindset

We’re spanning our mindset across generations today. You can resist the pressure of group agreement by learning how to out-create yesterday. This is the game that you chose to play, so let’s elevate it! Your dream is still possible, even today. Also, learn how to harness the power of meetings! Episode at a glance: The individual versus the group This is the game you chose to play Somebody out there is succeeding The power of meetings...

Dec 06, 202333 min

Ep.296: The Phases of Practice Ownership

In this episode, we elaborate on the three phases of ownership and implore you to evaluate which one you are in, and how you’re planning to advance. There are definite tools and solutions to help you along each phase and to create your own future. Implement these tips to grow and outpace yesterday! Episode at a glance: Three phases of ownership Ownership = freedom Fill the knowledge void Adopt the Owner Mindset...

Nov 29, 202338 min

Ep.295: Are You Just a Spectator in Your Professional Game?

We have noticed a definite mindset shift over the last couple of months. We are all aware of the Income Squeeze, but there is a difference between the mindset of something happening to you, versus discovering ways that you can rise to the challenge. Believe it or not, someone in the private practice space IS winning. Shift your focus and go from vision to victory! Episode at a glance: Don’t be the Know-It-All owner Manage by situation Don’t do it alone PT’s do care, not Billing...

Nov 22, 202341 min

Ep.294: Solving the Staffing Shortage with Jimmy McKay, DPT

This week, we are excited to welcome Jimmy McKay, DPT from PT Pintcast to the show! The staffing shortage is not a new issue, nor is it the worst obstacle that the physical therapy profession has ever overcome. Come along for the ride as Jimmy and Brian volley back and forth with their actionable solutions to the staffing shortage in today’s work environment. Be the top 10% of private practices that own this mindset and implement these tools! Episode at a glance: Are you making your good work we...

Nov 15, 202342 min
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