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Webinar Recording: The Business of Hand Therapy: Keys to SuccessDescriptionRecorded September 29, 2021
The webinar addresses each of the following keys to a successful hand therapy practice:
• What is the key to a profitable hand therapy practice?
• What are the most relevant measures of provider productivity?
• How do you ensure you are comparing “apples to apples” when comparing productivity between therapists, therapists and assistants and locations?
• What are national averages for procedures/provider work hour, procedures/visit and visits/day?
• How many new patients (initial evals) per week should a therapist be expected to see?
• How do busy hand therapy practices handle custom orthotic walk-ins?
• Can your cancellation rate be lowered and, if not, how can you effectively adjust to a high cancellation rate?
• Should hand therapists block time out of their schedule for documentation or other tasks?
• How to determine the appropriate number of FTE therapists, assistants, and techs?
• Should you have a bonus plan for HT providers and, if so, what should it be based on?
• What tasks should be handled by the front desk and how should these tasks be prioritized?
• What do hand therapy practices need to know about Medicare enrollment and other payer contracting?
• What should your profit margin be?
• What should you focus on to help ensure long-term profitability?
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