How do private practices adapt to out-of-network and self-pay models?
What strategies can be employed to attract and retain patients in a self-pay physical therapy model?
This week's The Dave Kittle Show episode, Dave Kittle welcomes back Dr. Michael Gorman on another podcast episode. He is the Founder of iMove PT, a physical therapist, private practice owner, and entrepreneur. He started St Louis Physical Therapy in 2002 and grew it to 7 locations. After 15 years, Michael sold his 7 clinics to a national healthcare company. He continued treating patients in the practice for another 2 and a half years before leaving completely. Michael attempted to acquire Dean Volk’s 2 clinic location practice (Volk PT), however, the Covid pandemic destroyed that potential deal. So, instead he started the iMovePT franchise to provide patients with a one on one treatment experience.
You can connect with Michael Gorman at iMove PT to learn more about franchise opportunities at https://imovephysicaltherapy.com
In this episode, we cover:
[01:05] Guest Introduction: Michael Gorman
[01:45] Discussion on Physical Therapys Future
[03:01] Evolution of Private Practice
[04:03] Challenges with Insurances and Reimbursement
[05:37] Transition to Self-Pay Model
[09:22] Innovative Techniques and Technology
[15:36] Pricing Strategies and Tiered Pricing
[27:04] Marketing and Patient Acquisition
Connect with Dave on:
Email: Dave@Conciergepainrelief.com
Instagram: @davekittle
LinkedIn: https://www.linkedin.com/in/davekittle/
or
Call (646)-781-8884
LinkedIn: https://www.linkedin.com/in/davekittle/
or
Call (646)-781-8884
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