Physical Therapy Benchmark - Manage By Numbers, Make Smart And Fun Decisions About Your PT Career!

"Give your patient twenty dollars and them to goif you charge 125 to 150% of Medicare Rates
home so at least you can have a cup of coffeeyou can expect a 30% write off. He also stated
while you're losing money", is what Chuck Felderthat the average accounts receivable for a
of HCS Consulting suggested in his speech at thestandard PT clinic is 200% of the monthly charge.
American Physical Therapy Association's PrivateAlison Palic, PT, a contributor to the Cash Practice
Practice Section Conference in San Diego in theSecrets home study course stated that she
fall of 2007. He went on to explain that with thecharges $95 cash for a 50-minute session and has
average cost of a PT visit's being $81 acceptingno accounts receivable.
an insurance contract that pays less can beThe president of the private practice section of
disastrous.the APTA, Steve Andersen, PT notes that
How Physical Therapy Clinics are doing:reimbursement rates seem to be decreasing
Of the PT clinics surveyed in his study they ran"beyond our control".
from a 30% loss to a 38% profit with theChuck stated that cash-based physical therapy
median profit being 12%.was an area we want to grow in because there's
What Physical Therapy Clinics are Charging:a much higher hassle factor when you're trying to
In the clinics studied charge amounts ranged fromget paid after the fact.
$75/visit to a high of $160/visit. The averageChuck showed a picture of his son shooting a
charge was stated as $137/visit though theblack powder rifle but used it to illustrate a good
average income per visit was only $91/visit. Ifpoint. He said, "Take good aim at what you want
that sounds good to you remember that theto do and you'll hit your target".
average cost per visit was $81. Chuck says that