Physical Therapy Owners Club

Physical Therapy Owners Club

Physical Therapy Clinic Owners are MASTERS at creating stability and freedom in their patients’ lives, YET rarely experience it themselves. AND the first step to success is as simple as reaching out. PT ownership requires its owners to juggle a lot – productivity and efficiency from themselves and their teams, management of human resources, marketing, healthcare regulations, etc. – all to fulfill their dreams of business stability, freedom, and affecting lives for good. At the heart of it they are entrepreneurs, and entrepreneurs need resources to thrive, grow, and succeed.IF you’re a PT clinic owner and trying to get your clinic off the ground or grow your business, you can always learn from others who have been there, done that. PT Owners Club will introduce you to fellow PT Owners who will share their paths to stability, freedom, and success! Join the club!

Episodes

December 7, 2021 52 min

What should a PT owner do to become successful? In this episode, host Nathan Shields sits as a guest for Edric Zheng's new podcast. Nathan talks with Edric about what he’s learned as an owner and business coach over the past 20 years. PT owners need to step out of patient care and take the time to run their businesses. As the owner, you need to train your physical therapist to succeed in your business and hold them accountable ...

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Unlike other medical practitioners, you will be seeing your physical therapist several times each month or week. Aside from impeccable sessions, you will also be expecting quality - and welcoming - customer service every time. Steve Line, PT, author of The Feel Good Experience and co-founder of Columbus Physical Therapy in Columbus, NE, shares what it takes to improve patient compliance, engagement, and overall results - a 5-star p...

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We have been following the journey of Avi Zinn, PT, DPT of Druid Hills PT in Atlanta, GA, for two years, tracking his growth as a newer clinic owner. At this stage, Avi is out of treatment completely and continues to grow his business. Since the last time Avi has been on the show, he's made some changes for the better – hiring another front desk person, implementing weekly team meetings, and planning for a leadership team. In t...

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Everyone needs a PT! After all, what is your practice without one? Unfortunately, the current pandemic has made it extra hard to find the right PT. So in this episode, four experts gather together to discuss what PT owners need to do to hire their next PT (when everyone else needs one, too). Nathan Shields is with James Savas of HR Professional, Brian Weidner of Career Tree Network, and Will Humphreys from In The Black Billing &...

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What's the PT's biggest problem? It's finishing documentation. The time and energy it takes to do documentation properly and in a timely manner is a headache that we all must endure. Enter Marc Moore, PT, the owner of Moore Physical Therapy. Marc talks with Nathan Shields about how he found a solution for his clinic. It has changed the lives of his PTs on staff, a benefit that will retain them for a long time. In this e...

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If you want your business to generate seven figures, all you need is a business differentiator - small actions that can help your business stand out from the competition. Joining Nathan Shields today is Garrett Salpeter, the Founder of NeuFit and the creator of the Neubie, a device that safely sends direct current signals precisely to where a patient is experiencing pain or muscle movement limitations, re-educating the muscles by t...

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If there was ONE meeting you should have each year in your business, what would it be? In this episode, Nathan Shields talks about the MOST valuable annual meeting that an owner should have - the Annual Strategy Session. This is the one meeting in which you can step aside from the day-to-day and assess your business as a whole - weak points, strengths, upcoming issues, internal dilemmas, etc. - all at once.

 

The Annual Strategy Ses...

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To succeed, we have to know how to build great relationships. But, how do we do that? Is there a specific process or guideline we can follow? Jeff Sallade, PT, DPT talks about successful expansion of business through partnerships. Jeff and his partner have expanded to more than five clinics in the 10 years they've been open, all with a partnership business model that's allowed their PTs to grow into new leadership roles. In...

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Do you know that clinics don't have to be private practice owners' sole source of income? In today's episode, Eric Miller, the Owner and Chief Financial Advisor of Econologics, shares with Nathan Shields the importance of creating multiple income streams and how you can do it. It isn't a sudden shift of capital; instead, it's a steady effort to create wealth from other financial sources, leveraging the clinic...

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Do you know the biggest issue facing new PTs? It's not finding employment or the "right" job that meets their goals. No, their biggest issue tends to be the amount of debt they are burdened with after a long road or scholarship. The average PT comes out of school nowadays with >$150k in student loan debt. Considering the average salaries in out-patient practices, this can be an overwhelming obstacle to stay in the PT...

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How do you create successful partnerships for your business? Nathan Shields presents Eric Miller, the owner and Chief Advisor of Econologics Financial Advisors. Eric talks with Nathan about specific steps you need to take to put you in the best position to succeed in your partnerships – from aligned purpose and goals to gifting hard equity. Join in the conversation to discover critical steps that need to be taken to ensure you meet...

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Handling a team is challenging, especially when there are members who don't cooperate. So when push comes to shove, how do you let go of someone? Today, James Savas, the Deputy Chief Executive Officer at Hands-On Diagnostics, breaks down the process for us. James talks with Nathan Shields about how business owners should handle termination or resignation. It begins with mindset, clear reasoning, role-playing, and documentation,...

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Most PT clinic owners have aspirations for growth - either in size or number of facilities. However, knowing WHEN to do a business expansion is the most important question to consider. Eric Miller of Econologics generated a checklist for clinic owners to use during expansions. He joins Nathan Shields to discuss how it can help them minimize risks and set up for success. If they have hit key statistics benchmarks, put finances in go...

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Leadership development is not a topic commonly discussed within the PT industry. However, just like any business, leadership plays a big role in growing and expanding your business and practice. Dr. Michelle Bambenek is the Regional Vice President of Operations at Empower Physical Therapy Group. She is also a leadership coach and consultant for both PT owners and people outside the PT industry. In this episode, she joins Nathan Shi...

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If there’s one thing successful PT owners have learned, it’s that the key to their goal and vision is to have a great understanding of their cash flows. If you want to be successful, you need to know where it comes from, where it's going, how it's handled, and how it's spent. If you neglect your financials and DON'T manage your cash flow strictly, you can say goodbye to your business. In this episode, Eric Miller of...

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Everyone wants their business to succeed, but what does it take to run a successful physical therapy clinic? In this episode we find out the key steps to success for PT clinic owners. Nathan Shields takes a look at eight key steps that you need to take for your clinic to succeed. He analyzes each key step and tells you what you need to know and do. Tune in and learn the secrets to a successful PT clinic here. 


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There are many key performance indicators you can use to measure productivity. But there is one key stat you need to increase productivity AND patient outcomes. In this coaching one-on-one episode, Nathan Shields explains what this key stat is and why it’s important. He’ll also teach you how to implement it in your practice ASAP! This is a proven strategy that will transform your practice. What is this key stat? Tune in to find out...

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Making a greater impact in the community is a dream for many medical professionals. Alicia Backer, PTA has spent the past 7 years developing a culture and a clinic that is focused on doing just that. In this episode, Nathan Shields interviews Alicia as she shares what her clinic does to find team members who share their mentality and are ready to do some of the things they do to integrate themselves into the community. Alicia and h...

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Enriching the entrepreneurial mindset is a process that involves executing strategies and having the openness for new ideas. A great group of peers that would guide, motivate, and help you develop your skills would be a great way to enhance your skills and learn new things. Stephen Rapposelli, PT has been a long-time listener to the podcast and takes advantage of the opportunity to put Nathan Shields on the hot seat in this episode...

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A lot of people follow one compensation model their whole life, that changing it would be difficult. But not everyone wants to follow guaranteed salaries and occasional bonuses. Especially in the PT industry, people want some control of their salaries. Jason Wambold believes that giving people the power of choice would help them achieve a lot. The Cofounder and Physical Therapist of OnusOne, Jason is leading the charge to bring com...

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