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This episode is part 1 of my interview of Jerry Durham, co-owner of San Francisco Sport and Spine Physical Therapy who transitioned his 3-clinic practice completely out of network with all 3rd-Party payors except Medicare. We cover a wide variety of topics surrounding the transition out-of-network. More specifically…
In this episode, you’ll learn about:
- How Jerry entered his private practice partnership and the 2 keys for choosing a great business partner
- Some of the key lessons learned and mistakes made during 13 years in private practice
- The Key Performance Indicators he pays attention to in his business, and why he transitioned his practice from in-network to out-of-network (OON)
- How his billing team still has a key role in his business even though the clinic is OON – especially in terms of customer service
- The most important things to do when dropping an insurance contract
- How to discuss your transition OON with referring providers to minimize loss of referrals
- Why he does not notify former patients when he has gone out of network with their insurance
- How he goes about finding, interviewing, and training office coordinators, sales staff, and PT staff
Resources and Links mentioned in this episode:
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[Click to Tweet] Thank you @Jerry_DurhamPT for being an awesome guest on the Cash-Based Practice Podcast w/ @DrJarodCarter