Show Me the Money: Navigating the Future of Physical Therapy Payment
This session is free and on Zoom
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Overview:
The physical therapy profession faces a critical payment crisis. While inflation has surged by over 32% in the past 11 years, insurance reimbursements have remained stagnant – effectively resulting in a significant pay cut for our services. This disconnect has triggered a cascade of challenges: talented therapists leaving the profession, unsustainable productivity demands, increasing burnout rates, and reduced patient access to care.
As awareness grows about these narrowing margins, it’s clear that the current trajectory is unsustainable. However, rather than dwelling on complaints, this panel discussion focuses on actionable solutions and strategic approaches to address the payment dilemma. Join our expert panel as they share practical strategies, answer your questions, and provide concrete tools to help secure appropriate compensation for the valuable care we provide.
Our Panelists:
- Dr. Michelle Collie PT, DPT, MS (https://www.highbarhealth.com/team/dr-michelle-collie-pt-dpt-ms-ocs)
- Dr. Yvonne Swanson PT, DPT, OCS (https://www.highbarhealth.com/clinicians/dr-yvonne-swanson-dpt-ocs)
- Robert Hall, Senior Payment Consultant, APTA Private Practice Section (https://aptact.org/wp-content/uploads/2024/11/Bob-Hall.pdf)
- Dr. Chris Edmundson, PT, DPT, OCS, FAAOMPT (https://www.integralphysicaltherapy.org/chris-edmundson)
Upon completion of this course, participants will be able to:
1. Understand the economic impact of current payments within their practice or setting.
2. Evaluate considering alternative payment models, including out-of-network options, cash-based services, Direct-to-Employer and hybrid approaches
3. Implement effective insurance contract negotiation strategies across various practice settings
4. Apply strategies to better understand the cost of doing business
5. Utilize SPARC resources and tools to optimize advocacy efforts and negotiation.
6. Apply best practices for communicating value proposition to payers and stakeholders.
7. Understand activities underway in other jurisdictions to improve payment environment.
