Let’s talk about the profitability myth (PIN #19)

Practice Independence

There’s a destructive myth bouncing around the healthcare industry: Pursuing profitability inherently compromises patient care. 

Many independent rehab therapy practices have absorbed this belief so deeply that even discussing profit can trigger suspicions of cutting corners. 

But working with independent practices has also shown our CEO and co-founder, Eddie Czech, that this assumption couldn’t be further from the truth.

Stay informed, stay innovative.

On Today’s Rotation 🏅 

• The Remedy: It’s time to bust some myths.

• Clinical Intelligence: Get the latest on physical therapy workforce trends.

• Indie Insider: Get a comprehensive operational audit of your administrative workflows today.

• Pulse Check: AI-powered diagnosis and treatment or telemedicine?

The Remedy 💪

The profitability myth carries real weight. 

Independent practices care deeply about their patients, so they internalize the message that focusing on profit is harmful.

As a result, many overlook revenue-generating activities, leaving their finances highly susceptible to external market forces. In challenging times, like right now, this is catastrophic.

While reimbursement rates fall, insurance policies are becoming more complex, sending administrative costs through the roof. The practices that haven’t prioritized profitability face unbearable pressure on their margins. 

But the underlying belief that profit hurts patient care still remains unchanged, leading many practices to ignore the internal levers they can pull for relief.

This avoidance weakens their financial position, threatening business continuity and, in an ironic twist, their ability to care for patients.

Profitability is an essential element of patient care

Czech argues that practices must recognize that profitability and quality patient care are not mutually exclusive.

They actually reinforce one another, particularly through operational efficiency.

When practices generate profit by elevating operational efficiency, they aren’t cutting corners. They’re eliminating administrative waste and allowing staff to focus on patients while building the financial strength to invest in better care. 

Czech has developed a framework that shows practices how to treat efficiency as a gateway to profitability and better patient outcomes.

Check out our latest playbook to get all the details.

Clinical Intelligence 💡

• Hiring physical therapists is tough right now… to put it mildly. But there are steps you can take to attract and retain top talent.

• The American Physical Therapy Association (APTA) and APTA Private Practice have released their annual survey of outpatient physical therapy facilities. Want to know more about hiring and workforce trends? This is where you need to look.

• The physical therapist shortage is expected to persist through 2037. Explore the data.

Want to learn more about Indie Health?

Indie is on a mission to improve the quality of life for rehab providers and their patients by combining technology with world-class rehab therapy. 

Click here to join the waitlist. We have limited spots available!