Introduction This is to verify that _ has received and paid for the services provided in their plan of care while at Pursuit Physical Therapy. This patient has paid in full out of pocket for the services provided and Pursuit Physical Therapy. This form provides all of the necessary information for the patient to submit a claim to their insurance company for reimbursement or application to their deductible. This form along with receipts should be provided to the patient’s insurance company. PLEASE PROVIDE ANY PAYMENT OR REIMBURSEMENT DIRECTLY TO THE PATIENT. Patient Information Last Name: First: Middle: Date of Birth: Sex: Address: City: State: Zip: Marital Status: Work Status: Insurance Information Insurance Provider: Insured Name: Relationship: Policy or Group Number: Date of Birth: Sex: Employer’s Name: Insurance Plan or Program Name: Provider Information Facility Name: Address: Facility Type: Code = ____ Provider: License #: Tax ID #(EIN): ...
If you are just starting out or wanting to open a cash practice… How much revenue should you reach in your first year? Everyone, asks us this question when they first start. Take a look at my first year revenue (and I really did not know what I was doing) I reached roughly $77,000 in my first year So with proper training and guidance …. your first year revenue sales should be around $70-100K Here is another video that may help you. See Below Enjoy,...
So I recently was invited to a $200 Mastermind dinner (which was awesome by the way!) and we all shared some of our current book that we are ready Here was the list organized by categories: Learning about yourself: mirror work by louise hay can’t hurt me david goggins Fav mindset books Meditations marcus aurelius master key system charles f haanel the obstacle is the way and ego is the enemy by ryan holiday performing under pressure robert greene entire series high performance habits Business ready fire aim 100 million – michael masterson ultimate sales machine – chet holmes rockfellar habits – verne harnish Scaling Up – Verne Harnish fav sales/negotation exactly what to say phil jones never split the difference – chriss voss pitch anything – oren klaff sales seduction customer experience giftology effortless experience convience revolution What book do you have to add to the list? Just put it in the comments...
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Well here is the 1st publication showing the cost effectiveness of a cash based physical therapy practice! Here is the Pub Med link https://www.ncbi.nlm.nih.gov/pubmed/30640238 Feel free to use for you marketing as you fit appropriate! (….especially comparing cost of CBPT vs standard healthcare!) Here is the PDF below Service_Utilization_and_Costs_of_Patients_at_a.6_FINAL PROOF Enjoy,...
Lets see…. I used to just ask myself this and just choose a number and as long as it is less than the revenue I generated, then I was OK with this. Spend $400 on marketing. Get one new patient Spend $250 on marketing. Get one new patient Maybe even spend $1000 on a radio ad. Get a patient or 2. but I had no reasoning why I picked this number. Now, there has to be a better way to figure this out. Let do it better and maximize efficiency! 1st step: How much is your average revenue per patient? You need to know this number before you ask yourself how much you want to spend. My current average revenue per patient is $1181 this year. Great! What is your average revenue per patient this year? (you must know this) 2nd Step: Set a new standard and optimize customer acquisition cost per patient Lets shoot for 20%! Knowing my average revenue per patient is $1181, I am willing to spend roughly $230 on marketing in hopes of getting one new patient. WHY DO THIS? Because when you start a paid marketing campaign you need to ask yourself this question when deciding on how much is worth spending on a marketing strategy At a worst case scenario, how much money are you willing to spend if your marketing strategy only generated 1 new patient. Problemed Solved! My new standard is 20% for paid marketing strategies (the lower the cost per customer acquisition the better!) As you fine tune your marketing and show better conversion rates, the next question...
Here is an example business plan that I used when I started my small business and to help others PT’s start their cash based physical therapy practices 1 year CBPT business plan For more information about my business strategies, objectively measuring your business, statistics, and cash based mentorship Enjoy, ...
