Physical therapists enter the field because they are passionate about helping people, staying active, and affecting their communities in a positive way.
The challenging processes of hiring and recruiting have never made for a simple recipe. Now, just to add some flavor, throw in a global pandemic that has created new hiring challenges, and sometimes even chaos. In order to find and hire quality employees, it is now more important than ever to have a clear and concise full hiring strategy in place.
Return on investment (ROI) is defined as a ratio between net profit over a period of time and cost of an investment at a point in time. Calculating your ROI can help guide your decision making so that you are able to earn a profit while providing your patients with excellent care. There are several areas of outpatient physical therapy practices that can benefit from an ROI review.
What is your retirement vision? Do you see yourself sailing around the world playing golf or volunteering for medical missions in underserved countries? Regardless of your goals, age, and current net worth, planning now will help you realize the future you envision. This article will outline guiding suggestions to consider when preparing to sell a practice and retire.
Staff burnout, low morale, and high turnover are increasingly large problems across many professions, and physical therapy is no exception. As professionals in a business that advocates for the improved health of society as a whole, I believe that we sometimes miss the mark when it comes to fostering the health of the society within the walls of our own organizations.
