Opening Your Own Physical Therapy Practice – When I was a physical therapy student, I never thought of myself as an entrepreneur. But the healthcare landscape is rapidly and constantly evolving, and one of the amazing things about the physiotherapy profession is that there are so many niches and specialty areas to fill! In short, you never stop learning!
In this post, I want to give you some ideas on how physical therapists are starting businesses to meet the healthcare needs they see around them. I’ll mention my business briefly, but I’ll continue reading some great tips on starting your own “out-of-network” PT practice that I learned from physical therapist and entrepreneur, Dr. It came from a conversation I had with Jesse Mehring, PT, DPT who founded and operated an “out of network” physical therapy clinic in Mt Orab, Ohio.
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Opening Your Own Physical Therapy Practice
My desire to start a new business was born from a need that I realized physical therapists could take as support in studying for a certification exam if they wanted to specialize in orthopedic physical therapy. In 2022, I co-founded the tutoring company OCS Overhaul, LLC
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My business partner, Dr. Nick Davis, PT, DPT, OCS, and I offer test prep resources and tutoring sessions (some free and some paid) for physical therapists studying for this orthopedic clinical specialty exam.
Not only did we want to address the need for educational support for physical therapists on their path to certification as Orthopedic Clinical Specialists (OCS), we really wanted to give back to our profession with free study resources.
I also have many friends who started starting their own practices or became clinic directors to “fill the need” or practice physical therapy in a way that their old jobs didn’t allow (e.g., “cash-paid” physical therapy ). Clinical model vs. insurance model (work). A good friend I spoke with recently is a physical therapist, Dr. Jesse Mehring, PT, DPT Owner of Superior Physiotherapy and Performance.
“I never thought I would start my own PT business,” -Dr. Jesse Mehring, PT, DPT (physical therapist and owner of Superior Physiotherapy and Performance)
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As previously mentioned, the healthcare landscape is constantly evolving, and with this evolution comes the desire for better outcomes for patients and a more sustainable practice environment for physicians (e.g., medical doctors (MDs), physical therapy physicians ( DPT), nurses, etc. .). . Jesse shared a lot with me about his business and three main themes emerged from our conversation. I am very grateful to Jesse for sharing his passion for physical therapy and the enthusiasm he brings to his pursuit of superior physical therapy and performance.
This concept is important to take to heart when you are looking to start your own business as a physical therapist. There are many factors that come into play in this calculation, but some of the points Jesse emphasizes are:
Therefore, with these factors in mind, physical therapists must evaluate the timing and quality of the services they provide.
One of the added benefits of Jesse renting the gym space where his PT business operates is that he can offer other services beyond physical therapy that are located in the same performance space. These include:
The Health Of Your Company
Jesse has found that this type of business model, in which multiple revenue streams operate simultaneously and capture various customer needs, is almost essential to generating the income needed to sustain the business. It’s also important to remember your “why” for going into business so you don’t overload yourself.
“I am here to help others and positively impact the lives of as many people as possible” -Dr. Jesse Mehring, PT, DPT, Cert DN, MDT-A
Jesse found that having multiple businesses under one roof worked better for his business rather than rushing to open multiple PT clinics in different locations. The downside is that having multiple corporate managements means more work to keep up with. This is where finding a business direction you’re passionate about is so important. For Jesse, one of the things that motivates him is having a positive impact on his customers.
“The best investment is in yourself: in your mental health, physical health, professional development” – Dr. Jesse Mehring, PT, DPT, Cert DN, MDT-A
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This may include paying for online or in-person continuing education courses. Or you could invest in your health as a PT entrepreneur and exercise, cook healthy meals, prioritize adequate sleep, take care of your mental health with counseling, or consistent meditation or mindfulness practice. This may include making time for friendships or seeking professional guidance, such as a counselor. Jesse credits a mentorship program that was built in early on; PT Biz: https://www.physicaltherapybiz.com/ for his many business successes.
Thank you so much Jesse for sharing your story about starting your own PT business and I hope you find some of this information helpful and inspiring if becoming a PT entrepreneur is something that interests you! As always, if you have any questions or comments about this blog or others, please contact us! You may have heard of others who started their practice, only to close in less than a year, returning to corporate healthcare work. hate
Or perhaps you’ve talked to others who have had a long road to profit, who have struggled to find patients, and who have barely stuck with their practice for several years.
Today we are orthopedic physical therapist doctors and owners of Capital Physical Therapy in Washington DC. We speak to Subha Nagasubramanian and how she was able to grow her practice by 300% in the first two years of starting her private practice.
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Subha, you are the first studio partner to work with us here at Symbiosis. What inspired you to participate?
I’ve been practicing for about 17 years now and when you get to a point where you’re well established and have confidence in yourself and the community, you want to be able to grow.
For me, one option for growth was to move into a clinic administrator position, which didn’t appeal to me because it involved a lot of management and not a lot of hands-on time with patients.
Another option was to open my own practice, but I talked to some of my other colleagues and saw the ridiculous hours they practiced and realized that I couldn’t establish a proper work-life balance, especially with my then two years of work. old.
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I spoke to my husband Arun, explaining to him that I want to open my own clinic, but I don’t want to worry about the administrative part, exhausting working hours, etc.
So we talked to several other healthcare professionals and it turns out I wasn’t the only one who felt this way.
It didn’t take long, because Symbiosis was able to help me connect with insurance companies right from the start, which made a huge difference to my growth.
Personally, I reached maximum capacity within the first year, so I couldn’t get any more appointments, and at that point, I was ready to be hired.
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And you’ve also grown during COVID-19, which is amazing. How do you evaluate the partnership with Symbiosis?
But since Symbiosis had already set us up on a HIPAA-compliant telemedicine platform, this was easier said than done.
Being able to leverage the Symbiosis system has helped me keep my private medical practice startup costs low, which has made a huge difference.
I don’t think I could survive as a solo practitioner, paying the front desk staff, taking care of the rent for my private office, and dealing with all the hidden costs of building the clinic on my own.
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It’s not just something we’re taught in school, so knowing where to start isn’t a big deal either.
Things like choosing a clinic location, finding a good partner, making sure the location is good, accessible, etc.
Not only are you paying rent, but you need at least one person to handle the front desk, billing, front desk, etc.
And then there’s marketing, each area is different in what is effective, so it’s difficult to know the best way to market your private practice online.
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Are you thinking of starting your own private practice, as a physical therapist or other type of healthcare provider?
Does Subha’s story resonate with you as you wonder how and when you can start your practice?
Contact us today to book a free consultation and find out how you can take the first step towards leaving your corporate healthcare job behind. In school to become a physical therapist, occupational therapist, or chiropractor, you receive minimal instruction on how to become one. CEO who runs the company. However, many rehabilitation doctors, soon after graduation or after a few years of practice and training with other doctors, aspire to become a true entrepreneur, owning and operating their own clinic. Like any entrepreneur,
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