Insurance Payment Reimbursement Got Slashed? Try These Ideas & Solutions with Ben Galin
Apr 17, 2024•52 min•Ep. 209
Episode description
With the challenges faced by the therapy practice in reimbursement models, how will you as a practice owner, adapt to these changes and maintain profitability in evolving healthcare?
This week's The Dave Kittle Show episode, Dave Kittle will be joined by Ben Galin PT and the owner of Evolution Rehab Group.
We will touch on such topics as:
- The concept of value-based care, and the challenges it may bring to the therapy practice.
- The dynamics of joining an Accountable Care Organization (ACO) and negotiating payment with payers.
- Traditional payment models and advocates for fair compensation for therapy services.
- The importance of demonstrating value to payers and exploring alternative approaches to reimbursement?
- What are the needs for therapy practices to adapt their business strategies in response to declining reimbursement rates?
- The importance of profitability in sustaining therapy practices and the need for practitioners.
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