How to Start a Physical Therapy Business
As an entrepreneur and physical therapist, perhaps you've considered starting a physical therapy business. Most physical therapy businesses administer treatment and training to those who are suffering from physical injuries or debilitation. There are some key ingredients to getting off to a good start, though. The hard work you put into the research can pay off over time as your business grows into a success. Follow these steps to find out more.
Things You'll Need:
Computer with Internet access
Evaluate Your Motivation for Starting a Business
1
Know that giving up a boss in the traditional sense only gets replaced by your new pool of bosses should you go out on your own. Employees and customers, in a sense, determine your hours and schedule.
2
Prepare to work long hours until your business is prosperous. When the time comes to add an additional therapist, only then will you have the benefit of shared responsibility.
3
Consult the "American Physical Therapy Association" Web site to learn more about physical therapy businesses and their practitioners (see Resources below).
Plan to Make Your Physical Therapy Business a Success by Developing a Team
1
Develop a strong business plan and have another successful entrepreneur look it over.
2
Retain legal counsel, perhaps on a limited contractual basis, to look over important business paperwork. Double-check the language written on all patient care forms to ensure compliance with regulations and care standards.
3
Hire a billing coordinator from the start. Having a trained person in this role will help eliminate improper billing for insurance claims and allow you to focus on other necessary tasks.
4
Choose a location. If your business will based out of your home, be sure to look into additional homeowner's insurance coverage.
5
Choose a name for your business and incorporate it. By becoming a corporation or an LLC, you can shield your personal assets from liability.
6
Begin a marketing campaign. Whether you want to take out television ads or simply a yellow pages listing, your marketing will be a key aspect of your eventual success.
Tips & Warnings
Trust that you can make your business a success and stick with it. Many businesses don't become profitable for 18 to 24 months.
Have a solid financial plan in the event some unexpected costs surface. Starting a business is typically an expensive prospect. You may want to seek out third-party financing.
Physical therapy isn't meant to treat emergency situations. If you experience severe vomiting or blurred vision, call your doctor or go to your local hospital.
http://www.ehow.com/how_2033133_start-physical-therapy.html
As an entrepreneur and physical therapist, perhaps you've considered starting a physical therapy business. Most physical therapy businesses administer treatment and training to those who are suffering from physical injuries or debilitation. There are some key ingredients to getting off to a good start, though. The hard work you put into the research can pay off over time as your business grows into a success. Follow these steps to find out more.
Things You'll Need:
Computer with Internet access
Evaluate Your Motivation for Starting a Business
1
Know that giving up a boss in the traditional sense only gets replaced by your new pool of bosses should you go out on your own. Employees and customers, in a sense, determine your hours and schedule.
2
Prepare to work long hours until your business is prosperous. When the time comes to add an additional therapist, only then will you have the benefit of shared responsibility.
3
Consult the "American Physical Therapy Association" Web site to learn more about physical therapy businesses and their practitioners (see Resources below).
Plan to Make Your Physical Therapy Business a Success by Developing a Team
1
Develop a strong business plan and have another successful entrepreneur look it over.
2
Retain legal counsel, perhaps on a limited contractual basis, to look over important business paperwork. Double-check the language written on all patient care forms to ensure compliance with regulations and care standards.
3
Hire a billing coordinator from the start. Having a trained person in this role will help eliminate improper billing for insurance claims and allow you to focus on other necessary tasks.
4
Choose a location. If your business will based out of your home, be sure to look into additional homeowner's insurance coverage.
5
Choose a name for your business and incorporate it. By becoming a corporation or an LLC, you can shield your personal assets from liability.
6
Begin a marketing campaign. Whether you want to take out television ads or simply a yellow pages listing, your marketing will be a key aspect of your eventual success.
Tips & Warnings
Trust that you can make your business a success and stick with it. Many businesses don't become profitable for 18 to 24 months.
Have a solid financial plan in the event some unexpected costs surface. Starting a business is typically an expensive prospect. You may want to seek out third-party financing.
Physical therapy isn't meant to treat emergency situations. If you experience severe vomiting or blurred vision, call your doctor or go to your local hospital.
http://www.ehow.com/how_2033133_start-physical-therapy.html
