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Get Big - But Stay Small

So…are you watching the health care world consolidate…get BIGGER ALL around you? Hospitals merging and acquiring medical practices and forming big integrated care systems or ACOs.  Small to mid-sized medical specialty practices like orthopedists and neurologists are merging to form BIG independent practices.

At Therapy Partners, we are transforming the value of physical therapy in our health care market and how our members are rewarded for delivering that value.

How is a small, independent therapy practice to survive?
Some practice owners are selling their practices.  A few are merging with other practices.  But most therapy practice owners are standing back and watching as hospitals and physician groups come together to form large, powerful medical organizations.   These BIG entities are dominating the health care market and will for many years to come.  But can you afford to stand back and wait? While the health care market changes around you, can you afford to assume it’s ‘business as usual’ for private practice physical therapists?  Probably not a very good strategy.

Our health care world is really changing.  But how can I change?  Or do I even want to?

Seems like I have to either dig in my heels, stay the course, and hope this is just a passing trend.  Or else I will have to sell my practice.

But hold on a minute…You love owning  your own business, running it your way; you are proud of the reputation you have created and the culture you have built. The last thing you want to do is sell.  But you know within the next 2-3 years, it’s going to be really tough to ‘go it alone’.  That is just not a smart strategic approach.  Size matters and BIG gets the attention.

Therapy Partners (TPI) offers you another solution – a Management Services Organization, or MSO, for independent therapy practices.  As an MSO, TPI allows you to attain the benefits of truly being BIG while allowing you to maintain ownership and control of your therapy business.

Consolidate - But Own Your Practice

So how does TPI’s MSO work?
Therapy Partners’ MSO is a defined business entity with its own Tax ID Number (TIN). Our member practices contract with us, and we provide our member practices with services and relationships that bring them strength of size, a centralized billing office, certain administrative services, operational efficiencies, and an ability to negotiate health plan contracts so practices can focus on delivering even better care, building important relationships, and growing their businesses. Specifically TPI provides its members:

    • ALL health plan contracts under the TPI TIN
    • ACO relationships
    • Billing, accounts receivable management, and payment processing
    • Billing and EMR technology
    • Credentialing
    • Compliance

    • Certain other administrative services
    • FOTO outcomes and care management; value-based contracts
    • Practice Management tools and support
    • Clinical education, leadership training, clinic management training and other learning opportunities
    • Collaboration with outstanding practices and team members

  • TPI’s Mission for our Members

    Improve their operational efficiencies, Improve reimbursement, Improve their practice management and Gain strength and stability

TPI and its members are a TEAM that delivers Triple Aim Value

Being part of a value-driven MSO like Therapy Partners allows you and your team to work and build relationships with other high quality practices and their teams. It allows you to gain access to solid health plan contracts, practice management technologies, learning experiences, outstanding patient outcomes, and administrative services such as billing, accounts receivable management, and payment processing. TPI delivers Triple Aim Value – measurable quality, an exceptional patient experience, lower total cost of care.

We deliver value to health plans, ACOs, self-insured businesses, and workers’ compensation carriers. By delivering many high quality clinics and clinicians, TPI delivers convenient access to handle a large volume of patients. By contracting under a single TIN, we simplify contracting and payment processes for health plans; that reduces their costs. By providing them measurable quality outcomes using FOTO, we bring our risk-sharing partners predictability in cost and functional outcomes. Value

Plain and Simple . . . TPI lets its members Get BIG, yet stay Small. Gain market strength while owning your small business. Best of both worlds.

The timing is right for Therapy Partners.

The market is consolidating. The powerful decision-makers want to work with BIG organizations. It’s simpler and less costly. Those decision-makers also want providers who measure outcomes, deliver value, and share financial risk.Therapy Partners is a powerful solution for independent practices.

Let’s talk. I can provide you more details about the Therapy Partners solution.

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