3 Keys to Increasing Profit Margins Despite Declining Reimbursements

Boost Your Practice's Profitability & Overcome Financial Challenges
Cohosted by Carl Mattiola of Breakthrough and Chad Madden of Madden Physical Therapy and Breakthrough, this presentation focuses on actionable strategies to grow private practice profitability amidst financial pressures like inflation, declining reimbursements, and more.
In addition to 3 key strategies for improving profit margins, Carl and Chad introduce a new masterclass program to supercharge profit margins even more.
The 'Profitability Under Pressure' program offers a 13-week course with insights into improving profit margins, managing payer mix, and enhancing patient lifetime value. Success stories from various practice owners who implemented these strategies are shared, highlighting significant growth and financial stability achieved.
Additionally, the talk covers practical tools like a proforma for financial planning and includes a Q&A session addressing common challenges faced by practice owners. The course aims to provide a step-by-step guide to increasing profitability, with an emphasis on community, strategy, and sustainable growth.
To learn more and apply for Profitability Under Pressure, visit hubs.la/Q02sK8550 today.
00:00 Welcome & Introduction to Grow Your Practice Podcast
00:19 Introducing the Profitability Under Pressure Program
00:55 Success Stories from the Program
01:55 Webinar Kickoff: Identifying Practice Challenges
02:38 Interactive Polls: Understanding Audience Needs
05:15 Strategies for Increasing Profit Margins
08:06 Exploring Today's Market Challenges
14:33 Common Mistakes Practice Owners Make
18:26 Practical Steps to Improve Profit Margins
28:18 Navigating Patient Retention and Reactivation Strategies
30:54 Exploring Cash Pay Services and Patient Care Optimization
32:50 Leveraging Proforma for Financial Planning
36:42 Introducing Profitability Under Pressure Program
40:03 Sharing Success Stories and Program Impact
41:48 Program Eligibility and Application Process
43:17 Exclusive Bonuses and Breakthrough Pro Software Overview
53:25 Q&A Session: Addressing Participant Queries