The Future of Physical Therapy Part 1

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 AcquisitionDo you want to pick Dave’s brain? Ask him a question about practice valuations, offers, or potential partnerships? Click this link and book a call with him on Clarity: https://clarity.fm/davekittle/expertise/physical-therapy-merger-acquisitions-valuations-healthcare-marketing-salesConnect with Dave on:Email: [email protected] Instagram: @davekittleLinkedIn: https://www.linkedin.com/in/davekittle/ orCall (646)-781-8884LinkedIn: https://www.linkedin.com/in/davekittle/ orCall (646)-781-8884 Hosted on Acast. See acast.com/privacy for more information.