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The Pitfalls of Mimicking Big Players
Manage episode 423550914 series 3573999
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What are the hidden risks of trying to replicate the success models of large corporate PT practices, and how can understanding your unique market conditions save your business?
Why is adding new services like functional medicine or weight loss often not the solution to underlying business challenges in physical therapy, and what should you focus on instead to truly enhance your practice's profitability?
Join Dr. Joey Allbritton , co-owner of Rehab CEOs as he dives into the common operational and business challenges faced by physical therapists running their own practices. Key topics discussed include the importance of addressing underlying human issues, why simply adding new services isn't always the solution, and the pitfalls of trying to emulate big corporate models. The value of tracking meaningful metrics, understanding the importance of soft skills, and the necessity of sometimes making tough decisions for the betterment of the business.
Episode Timestamps:
[00:00] Identifying Performance Issues
[00:38] Navigating Business Challenges
[01:01] Avoiding Common Pitfalls
[01:37] Understanding Market Differences
[02:43] Understanding the Importance of Proper Billing
[03:38] The Importance of Metrics
[10:07] The Role of Soft Skills in Business Success and Leadership
[13:50] Balancing Efficiency and Quality in Patient Care
[20:28] Making Strategic Decisions
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