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After 10 years in the PT field as an employee in insurance-based private practices, Bob Schroedter PT, DPT took the leap 4 years ago and started a cash-based practice in the Miami Beach area. It has gone really well and he shares his lessons learned and insights in this interview.
More specifically, we discuss these cash-based practice topics:
- The logistics of how he runs his solo practice
- How he participates with Medicare but also provides wellness and fitness services to MC beneficiaries on a cash-pay basis
- His niche in the Ballet market
- An interesting way he is found by prospective patients (hint: not his website, not other professionals, and not word of mouth)
- His experiences with providing treatment at events like marathons and CrossFit competitions
- What drove him to choose the cash-based model, his fears going into it, and how he handled it all
- His patient demographics
- Things you can do as an employee to prepare yourself for private practice ownership
- Some fantastic parting advice to those interested in the cash-based business model
Resources and Links mentioned in this episode:
- MoveThruRehab on Facebook (Bob posts great content here … worth a follow)
Interested in the cash-based private practice model?
Click Here to learn how to start your own Cash-Based Practice
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[Click to Tweet] Thank you @movethrurehab for being an awesome guest on the Cash-Based Practice Podcast w/ @DrJarodCarter
Fantastic! Thank you – Vero Beach, FL
http://vcgcb.ca.gov/docs/forms/providers/cms1500.pdf
I just tried this free fillable HCFA form. I will complete my section and email to the client to complete the top portion. It remains editable.
Thanks for sharing Tamara!
Thanks for this episode.
I’m still in the first 1/3 of this, but $160 for 1.5 hours of time? I hope you talked this guy into raising his rates.
Thanks for the comment and for listening, Todd. The interview was back in 2015 and rates did go up and operations did change somewhat since then.
It is worth mentioning that when you go out on your own part of the reasoning is to be able to spend more time with patients and sometimes that takes longer than the arbitrary 60 minutes we have all gotten used to thinking about. And while I mentioned 1.5 hours that was “up to 1.5 hours” but not necessarily always.