The third party payer system poses a variety of challenges for physical therapy clinic owners. From the cost of collecting payments to the difficulty of negotiating rates with insurance companies the traditional third party payer system can impact the bottom line of a clinic which has made a cash-based practice appealing to many physical therapy owners. Today’s expert, Aaron LeBauer, PT, DPT, LMBT owns LeBauer Physical Therapy, a cash-based physical therapy clinic.
LeBauer finds a cash-based practice to be the best fit for his treatment philosophy. In his practice, customers usually come in only once a week for a focused session instead of a couple treatments per week like traditional clinics. He believes as higher deductibles become a regular part of health care, consumers are going to look for the best value care and find the cash-based practice puts patients in control of the cost without the hassle and surprises from insurance co-pays and deductibles. Learn more by listening to the full podcast now.