If you are thinking of starting your own practice, Therapy Partners is the place to start. If you organize and manage your business effectively, have talented people around you and part of a large, value-based therapy organization, you can be very successful. While starting a business involves some risk, it doesn’t have to be scary. The Therapy Partners team can help you as we have helped other practices since 1999.
Here are some frequently answered questions that we are asked at Therapy Partners from practitioners who want to know if it’s possible to start a physical therapy practice:
Can physical therapist start a practice with all this healthcare change?
Absolutely. Health care reform involves many changes, but the two biggest for physical therapy providers is a move from incentives that reward volume of services to those that reward the value – triple aim value – of services. Therapy Partners can help you deliver measurable value and get rewarded for that value. Secondly, the market favors large organizations. Therapy Partners allows you to gain the strength of size of being ‘partners’ with many VERY talented clinics and therapists. You have a small practice, but you are part of something big– that delivers REAL Quality – Real Value.
I’m a talented, skilled physical therapist, but I don’t know how to start a practice?
Therapy Partners is a Management Services Organization, or MSO, for independent therapy practices. We get your health plan contracts that pay a very competitive rate. We provide the behind-the-scenes business services that are really hard to do and that a vast majority of physical therapists don’t know how to do and frankly, don’t want to do. Billing. Payment processing. Patient registration. Credentialing. Compliance. Ugh. Who wants to do that? That’s where our value lies; taking that off your shoulders.
Yeah, but isn’t it expensive to start a practice?
It takes money to start any business. Rent space. Buy or lease therapy equipment. Hire an employee or two. Buy needed insurance. Buy office supplies, patient supplies, clinic supplies. Buy some computers, chairs, desks, tables. You will have some things and services to buy, but your biggest expense will always be people.
Therapy Partners can minimize your start up expense. We do the front and back work for you so you don’t have to hire as many people to run your practice. Therapy Partners will help you keep those frustrating expenses down. And we can help you decide what you need and don’t need; how much space to rent; what to plan for as you get up & running.
Therapy Partners allows its members to get big, yet stay small; gaining market strength while owning your small business. Best of both worlds. The timing is right for Therapy Partners. The market is consolidating. Therapy Partners is a powerful solution for independent practices—especially for a start-up practice. Please connect with one of our team members to hear more about our solution for your business!