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Husbands & Wives and Other Business Partners

According to the Small Business Administration, 90 percent of all U.S. small businesses are family owned. Of that, an estimated 14 percent or roughly 1.2 million businesses are husband and wife owned. With an average longevity of 24 years, these partnerships can survive and flourish.

An entrepreneurial partnership is your work marriage. Whether married . . . → Read More: Husbands & Wives and Other Business Partners

Clinical Leadership: Three Steps to Success

As your rehabilitation business grows it is critical that each facility be led by a clinician. You should expect a Clinical Director to take responsibility and accountability for not only the clinical aspects of the business but the operational and financial results of the clinic.

In order to ensure that a Clinical Director is . . . → Read More: Clinical Leadership: Three Steps to Success

Don’t Leave Money on the Table

If you are not managing your rehabilitation business to budget, you may be leaving money on the table.

A budget planning process forces you to think through your whole business model. White it’s not written in stone, a budget acts as a benchmark for you to compare actual activity to projected activity. A monthly . . . → Read More: Don’t Leave Money on the Table

CMS Revalidation: What it Means to Physical Therapy Practices

If you received a letter from The Centers for Medicare & Medicaid Services (CMS) requesting that you re-validate your Medicare enrollment, you’re not alone. More than 1.4 million healthcare professionals will be notified between August 2011 and March 23, 2013. The re-validation process is part of CMS’s massive anti-fraud effort. While re-validation has always . . . → Read More: CMS Revalidation: What it Means to Physical Therapy Practices