If you are interested in a cash therapy practice you probably have several questions about treating Medicare patients. If you do then you are in the right place.
Even though the paperwork and administrative duties in a cash practice pales in comparison to most insurance-based clinics. When it comes to treating Medicare beneficiaries there is no escaping complex and confusing Medicare regulations.
Today we have the opportunity to learn from one of the country’s leading experts on owning and operating a successful cash-based therapy practice. Dr. Jarod Carter.
Dr. Carter began Carter Physiotherapy in April 2010 as a cash-only private practice. During today’s show Jarod will answer the key questions regarding Medicare from his soon to be released book Medicare and Cash-Pay Physical Therapy.
We do our best to dive right into clearing up some of the fog that can surround treating Medicare patients. In fact it took us two episodes to cover just the basics. I will air the second episode next week so be sure to tune in.
Jarod Carter is considered by many to be the front-runner in the cash-based physical therapy movement. Jarod began Carter Physiotherapy in April 2010 as a cash-only private practice.
Jarod graduated from University of St. Augustine Physical Therapy School in 2005. He developed his clinical expertise further by earning certifications in Manual Therapy and CSCS. Throughout his young career he purposely sought out employment opportunities where manual therapists and business experts could mentor him.
He thoughtfully went into business for himself by diving right into a cash-based solo practice. He soon developed a reputation for getting incredibly fast results through one-hour sessions of manual therapy. Creative marketing combined with solid business principles led to him being booked solid within six months.
At his website, DrJarodCarter.com, Jarod is paying it forward by helping other therapists to start their own cash-based practices. Through his podcast, blog and books he is providing the latest information on private pay physical therapy services.
He is an online mentor to many entrepreneurs who dream of spending more time with patients by owning their own cash-based therapy practice.
In this episode, here’s what we cover:
- The 3 different relationships that a therapist can have with Medicare
- The definition of skilled therapy services
- Charging for prevention and therapy services
- The therapy cap and cash payment
Purchase your copy of Jarod’s new book Medicare and Cash-Pay Physical Therapy
- Jarod’s Website, DrJarodCarter.com
- Rick Gawenda Interview: Cash Practice- Pay Attention to Medicare
- Jarod’s reference to CMS’ definition of skilled therapy services:Pub 100-02 Medicare Benefit Policy of the CMS Manual System. At the time of this writing, it is in its 179th edition. Please click the above link and go to section 220.2 Reasonable and Necessary Outpatient Rehabilitation Services, which starts on page 82.
- Jarod’s New Book, Medicare and Cash Pay Physical Therapy: A Guide to the Rules and Regulations on Taking Private Payment from Medicare Beneficiaries.
- Website for the new book. CashPTMedicare.com
- Jarod’s Ebook, My Cash-Based Practice: Essential Knowledge for Creating a Successful Private Pay Physical Therapy Practice
Action Steps to Take:
- Download Jarod’s new book Medicare and Cash-Pay Physical Therapy
- Determine if Medicare beneficiaries are key component of your target market
- Subscribe to Nancy’s Beckley’s Blog on rehab compliance and Medicare
Thanks for the podcast reviews!
As therapists we have tremendous opportunity to use our abilites, education and expertise to enhance client’s lives. What a privilege? If your are in the therapy business to serve people, then my new book On Fire: Ignite Your Passion with a Cash Therapy Practice will help you.
On Fire takes a close look at innovative therapists who are using alternative ways to deliver high-value care to their patients. Cash therapy services have emerged as a viable alternative to accepting business as usual.
If you are intrigued by the attention that cash-based practices are attracting On Fire is a great primer to help you get up to speed on the key issues and how if might impact your practice. The book is available on Amazon. If you are interested in getting your own copy join my email list and I’ll keep you up to date on the special pre-order bonuses I’m giving away.
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