While patient care remains the central focus of therapy practices, competition and reimbursement pressures have brought new importance to KPIs and the ability to better manage a practice. Manual data collection and spreadsheets are not only time-consuming and prone to error, they provide a retroactive glimpse of practice metrics that cant guide critical day-to-day decisions.
These reasons led our Founder and CEO, Sanjay M. Patel, to develop a piece for IMPACT magazine the flagship publication of the Private Practice Section (PPS) of the American Physical Therapy Association (APTA) and a leading industry source of news surrounding practice management, membership benefits, legislative updates, and committee and task force work for physical therapist-owned businesses.
Titled Using KPIs to Effectively Manage Your PT Practice, Patels commentary offers readers important reasons why understanding key performance indicators (KPIs) is a critical consideration to gauge the health of a practice, find areas for improvement, and make better decisions.
At Practice Pro, we feel its important to continuously provide the physical therapy industry with innovative, practical and cost-effective ways of managing their practices by designing elegant solutions to overcome customer challenges. Thats why our KPI dashboard offers savvy business owners who are tracking metrics such as Arrival Rate, Units Per Visit, and Collection Ratio with a platform that brings these critical metrics together in one, easy-to-use place.
Read Patels complete article in IMPACT magazine by clicking here.