Is outsourcing your billing really more cost-effective than managing it in-house?

How can the right billing choice boost your practice's efficiency and improve cash flow?

Join Dr. Robbie Woelkers as he dives into the intricate decision-making process of whether to outsource billing services or maintain them in-house within medical practices. The episode highlights the financial implications, efficiency metrics, and practical experiences from multi-location practices to guide practice owners towards optimizing their billing strategies.

Episode Timestamp:

[00:51] Introduction to Billing Decisions

[01:54] Understanding the Cost of Outsourcing

[03:45] In-House Billing Costs and Considerations

[06:50] Efficiency in Billing: Outsourced vs. In-House

[09:24] Case Study: Real-World Billing Costs

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Thank you for joining us on this episode of the Levels podcast. Your time and attention are greatly appreciated. Tune in next time for more valuable insights and stories from the world of entrepreneurship.

What's the secret to ensuring your new PT clinic location is a success from day one?

How can PT clinic owners prepare financially before scaling their practice?

Join Dr. Robbie Woelkers for an insightful crossover episode, "The Dave Kittle Show," Dr. Robbie Woelkers joins Dave Kittle as they discuss essential strategies for physical therapy practice owners looking to expand successfully. Covering topics from risk mitigation and decision-making to the importance of having a reserve before opening new locations, Robbie emphasizes the importance of being calculated and smart about growth. He underscores the necessity of having an oversubscribed practice before expansion, details the role of planned staffing, and highlights the value of structured mentorship. The conversation also addresses common pitfalls and the significance of balancing financial stability during the growth phase.

Episode TimeStamp:

[00:00] Mitigating Risk as a Business Owner

[00:48] The Importance of Oversubscription

[02:21] Defining Oversubscription

[03:46] Patient Scheduling and Retention

[08:11] Building a Reserve for Expansion

[10:06] Hiring Strategies for New Locations

[15:30] Balancing Business Growth and Personal Life

[21:35] Shockwave Therapy Insights

[22:01] Aquatic Therapy Considerations

[22:53] Financial Concerns for Owners

[23:49] Principles of Business Advancement

[25:48] Hiring Strategies for Growth

[29:59] Free Resources and Community Support

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Thank you for joining us on this episode of the Levels podcast. Your time and attention are greatly appreciated. Tune in next time for more valuable insights and stories from the world of entrepreneurship.

Can your physical therapy practice thrive without your day-to-day involvement?

Is expanding your PT clinic always the best move?

Join Dr. Robbie Woelkers for an insightful crossover episode, "The Dave Kittle Show," Dr. Robbie Woelkers joins Dave Kittle to explore the strategic intricacies of expanding physical therapy practices. As seasoned experts in the field, they delve into essential leadership qualities, the importance of a strong management team, and the strategic considerations crucial for establishing additional clinic locations. Listen as they share insights on maximizing the potential of your first clinic before considering expansion and the impact of business valuation on your practice's worth.

Episode Timestamp:

[00:00] Introduction to Leadership Challenges in Clinics

[00:54] Welcoming Robbie Wilkers to the Podcast

[01:06] Discussing Physical Therapy Practices and Expansion

[02:34] Challenges and Opportunities in the Physical Therapy Industry

[03:49] The Importance of Vision and Leadership in Business Growth

[05:10] Understanding Business Valuation and Key Man Risk

[07:05] The Importance of Leadership Teams

[11:24] The Six Commandments for Opening New Locations

[22:23] Maximizing Clinic Potential Before Expansion

Stay updated with the latest episodes by subscribing to our podcast and if you want more free training like this one join our community https://rehabceos.com/psa

Thank you for joining us on this episode of the Levels podcast. Your time and attention are greatly appreciated. Tune in next time for more valuable insights and stories from the world of entrepreneurship.