Should you choose private practice, hospital-based, or physician-owned practice physical therapy? Based on the results from several studies, the choice is clear.
- Patients had 39-45% more visits when treated at physician-owned practices and those practices gained 30-40% more revenue per patient than with private practice therapy clinics. Additionally, private practice therapists spent on average 60% more time treating patients than therapists treating in physician-owned practices. In other words, patients receive more care and require fewer visits with private practice clinics like Cornerstone Physical Therapy.
- Based on insurance claims, hospital-based outpatient physical therapy clinics have been found to charge on average 50% more than private practice clinics for the same services, such as manual therapy and therapeutic exercise.
- Patients who self-refer to physical therapy through direct access receive fewer medications and had less imaging with similar or better outcomes and lower overall health care costs than those referred by a physician.
At Cornerstone Physical Therapy, we are committed to providing the most comprehensive, high-quality care in the most cost-effective manner.
- 1 Mitchell, J.M., & Scott, E. (1992). Physician ownership of physical therapy services. Effects on charges, utilization, profits, and service characteristics. JAMA, 268(15), 2055-9.
- 2 Reschovsky JD., White C (2014, June). Location, Location, Location: Hospital Outpatient Prices Much Higher than Community Settings for Identical Services (NIHCR Research Brief No. 16). Retrieved from https://www.nihcr.org/analysis/improving-care-delivery/prevention-improving-health/hospital-outpatient-prices/
- 3 Ojha, H.A., Snyder, R.S., & Davenport, T.E. (2014). Direct access compared with referred physical therapy episodes of care: a systematic review. Physical therapy, 94(1), 14-30.