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The Traditional PT Business Model Will Bankrupt You If You Don’t Pivot With Will Humphreys
Private Practice Owners Club Podcast & CoachingAugust 04, 202300:39:12

The Traditional PT Business Model Will Bankrupt You If You Don’t Pivot With Will Humphreys

The traditional physical therapy business model will not be sustainable in the future. The model that has been successful in the past – open your doors, be nice to doctors, take all the insurances, set up a standard EHR – won’t allow you to grow and navigate thru the changes that are coming to healthcare generally. Thus, PT owners in modern society need to be aware of the need for business coaching that they never learned, how to discriminate between insurances, the capabilities of MSKUS and EMG diagnostics, the addition of cash-based practices, AI software effects on healthcare, etc. In this episode, Will Humphreys, PT of Multiplexit and Rockstar Recruiter, joins Nathan Shields to discuss what owners need to be aware of to succeed in the future. Even with Artificial Intelligence coming into the healthcare industry, enhancing certain aspects could help run the business smoothly. Embracing the mindset of constantly learning will help you adapt to the changing landscape of Physical Therapy. Be open to integrating technology, diversify revenue streams, and tune in to this episode now.

About Will Humphreys

Will is the founder of the Healthcare Business Academy. He is a serial entrepreneur, health care provider, speaker, and author. At 17, he fell off of a mountain breaking both arms and legs. His exposure to the medical field led him to becoming a physical therapist. Later, he became a private practice owner and built a company to multiple locations prior to exiting at 3 times the national average. Today, he teaches others the lessons he learned from decades of practice and hundreds of interviews, hires, and fires. His greatest joys are his wife of 20+ years and his four sons.

Websites:
https://unlockhba.com/about
https://now.unlockhba.com/therockstarrecruiter
https://intheblackbilling.com/

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