There is more research done in a year than there was around in total 30 years ago, yet the #1 predictor of injury is a prior injury. Health Care is FAILING its mission…Why?
The USA is fatter today than it was 20 years ago, yet there are more gyms and more people working out. Fitness is FAILING its mission…Why?
This week’s blog comes from a powerful Facebook post that we did recently that stirred some controversy.
It delivers a strong message about the poor performance in the Fitness Industry and Health Care Industry, particularly the Physical Therapy world, due to the economics of profit seeking through volume.
Many practitioners are starting non-traditional models of both Fitness and Health Care businesses because of the frustrations outlined below.
There is a movement happening. A shift away from the traditional commercial model of “fit as many clients as you can into a day” is going by the wayside as the statistics come out about how ineffective it is.
A new thought process around helping PEOPLE, not maximizing the lifetime value of a cold faceless client, is emerging.
In the Physical Therapy world, there is a movement to “Cash Based” practice. This means that the clinic does not participate with insurance on an “in-network” basis. You pay the clinic at the time of service and then they give you a receipt that you can submit to your insurance company for reimbursement under your “out of network” benefits.
This also means that they charge about 50% LESS than insurance providers and can do MORE for you because they are not restricted by the insurance companies. Their contract is with you, the person with the injury and goals; not the insurance company and a faceless client.
The economics of this means that “Cash Based” clinics can have at least 2 fewer employees since they don’t have to convince insurance to pay them 45-60 days later…they then pass the cost savings onto you.
The clinic also gets paid from you, personally, at the time of service and you know…wait for it…EXACTLY what your cost is going to be BEFORE the session!! You don’t have to wait 45 days for an EOB form that is more confusing than helpful. Wild, isn’t it?
The final kicker of the economics is this…
With deductibles as high as they are, the average cost for “Cash Based” Physical Therapy to you is on average 75% LESS than if you used your insurance.
Oh…and you usually need 75% FEWER visits to get better.
This is because you will be seen 1 on 1 for an hour with the actual Therapist as opposed to sharing your hour with 3 other people and being “watched” by someone with a High School Diploma.
Crazy right?
It is cheaper for you; you go less; you reach your goals quicker.
Seems like a no brainer to us, that is why we switched to this model years ago!
Oh…and you usually need 75% FEWER visits to get better.
This is because you will be seen 1 on 1 for an hour with the actual Therapist as opposed to sharing your hour with 3 other people and being “watched” by someone with a High School Diploma.
Crazy right?
It is cheaper for you; you go less; you reach your goals quicker.
Seems like a no brainer to us, that is why we switched to this model years ago!

