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On today’s podcast I revisit therapy reimbursement issues with Steve Forbush PT, assistant professor at the University of Central Arkansa and International Spine and Pain Institute lecturer.
I had the opportunity to chat with Steve between sessions at the APTA’s Combined Sections Meeting 2015 a couple of months ago. I wanted him to update you all on what’s the latest on the reimbursement issues facing therapists and how to prepare for them.
Speaking of ISPI they will be conducting their annual clinical conference Every Joint Has a Brain June 19th through June 21st 2015 in Minneapolis Minnesota. It is a high energy and fun conference that is pain-focused with a strong clinical application. If you want to know more about it listen to the interview I did with Kory Zimney PT on episode 47.
Significant changes in reimbursement systems are on the horizon for therapists. Steve is a member of the APTA’s Reimbursement section and give us the latest scoop on what’s ahead. Steve shares practical advice to therapists that are considering opting out of third party payment with cash-based services or practice.
In this episode, Steve explains:
- The current trend in the United States towards capitated payments
- What to negioate for in the medical home payment model
- The status of the severity-intensity scales for the 2016 Medicare regulations
- The current trends in functional outcomes data
- Key practice metrics to know in a cash-based therapy practice
- The collaboration between International Spine and Pain and Evidence in Motion
Action Steps to Take:
- Attend the ISPI Clinical Conference Every Joint Has a Brain, June 19th – June 22nd, 2015
- Block out time to determine your key metrics escpecially your cost per visit
Thanks for listening to the interview with Steve. I hope his insights into what is ahead will help you take action now to prepare. I would like to reinforce what Steve said about knowing your numbers if you are considering private practice. It is very easy to become busy but not productive. I hope to have a future episode that focuses on the key metrics that are essential to a successful practice.
Tweet: It is very easy to become busy but not productive. –Paul Potter PT