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Brick by Brick on ADVANCE for Physical Therapy & Rehab Medicine. Vol. 11 •Issue 7 • Page 19 Brick by Brick Productivity is a key to profitability. John G. Wallace Jr., PT, MS, OCS Employees are the fundamental building blocks of every practice. They implement the vision of management. In health care, where controlling costs can be the difference between financial success and failure, it's essential to manage your human resources effectively. In most cases, personnel costs comprise the largest percentage of practice operating expenses and can range from 30 percent1 to 70 percent2 of operating costs. The goal of financial management is to maximize net income or profit, which means increasing the difference between revenue and expenses.
The two most common are patient visits and treatment units. Patient visits are easier for therapists and rehab professionals to define and understand. On the other hand, treatment units account for treatment density and make it easier to account for time. Visits per hour. A clinical productivity calculation can help on ADVANCE for Physical Therapy & Rehab Medicine. A clinical productivity calculation can help A clinical productivity calculation can help you allocate resources TO SURVIVE IN BUSINESS, you must be able to offer your product while operating at a profitable level.
In health care, that can be tougher than ever. And in private practice, where operating margins can be extremely tight, every penny and every minute of the day count. As a result, you must focus on the core operations of your business by using measuring tools. Any facility analysis should begin by looking at variables that can affect productivity, some of which can be controlled and some of which can't.
Among those variables that can't be controlled are cancellations and no-shows, which create gaps in the treatment schedule. The best remedy for dealing with both situations is instituting financial penalties for no-shows and cancellations that occur without adequate notice. Although cancellations and no-shows are out of your control, labor productivity isn't. Franklin J. Measuring Productivity in Rehabilitation, Part II Rethinking Productivity on ADVANCE for Physical Therapy & Rehab Medicine. By Danna D.
Mullins, MHS, PT, and Pauline Watts, MCSP, PT Editor's note: Part I of this two-part series appeared in the May 21 issue and discussed the findings of a non-scientific productivity survey published in print and online in October 2000 in this publication and its sister publications, ADVANCE for Occupational Therapy Practitioners, and ADVANCE for Directors of Rehabilitation. In all, 284 readers voluntarily completed the survey. Most therapists are familiar with the concept of productivity. In the strictest financial sense, productivity is the measurement of employees' ability to deliver revenue-generating services to clients. Most survey respondents indicated that productivity in their facility was measured as a percentage, in a manner consistent with this strict interpretation, using some variation of the following formula: productivity = billable time time worked In the survey, time was usually measured in minutes, hours or units (usually one unit = 15 minutes).
1242.full.pdf (application/pdf Object) GetTRDoc (application/pdf Object) GetTRDoc (application/pdf Object) View topic - Productivity standards. I think you will find the industry standard is to calculate productivity/efficiency based on CPT codes assuming that each is a value of 15 minutes. The calculation is total CPT codes x 15 Min = total Minutes of therapy delivered / total therapist hours worked x 60 min = % productivity. ie 24 CPT codes is (360 min) / 8 hours x 60 min is (480 min) = .75 or 75% this is the expected IP acute or SNF bench mark. This means that for every therpist hour they should provide 3 CPT codes/units. The OP bench mark is 100% or 4 CPT codes for each Hour. Obtaining higher productivity levels would suggest that a portion of patient care is allocated to non one on one CPT codes ie ES 97014 etc.
Most PT/OTs with any concept of accountability can meet these bench marks. As always patient Dx, condition, need should always be the primary concern. LaGanga__Lawrence_-_Appointment_Overbooking_-_DSJ07.pdf (application/pdf Object) How to Calculate Overall Productivity.
Reversals. Gravitational Insecurity. On February 8th, I shared how children with sensory issues can be classified as having sensory defensiveness, registration problems, modulation issues, and sensory integration problems. In that blog entry, I reviewed tactile defensiveness (sensitivity to touch), which falls under the category of sensory defensiveness. Today, I’m going to talk about another type of sensory defensiveness, specifically gravitational insecurity. A child with gravitational insecurity typically responds to movement activities with exaggerated emotional responses. This is because their vestibular system is not functioning properly. (For more information about the vestibular system, see the entry on Feb. 11th) Gravitationally insecure children prefer to stay low to the ground. You will typically find them lying down or seated, trying to prevent any possibility of movement. Don’t forget to sign up as a “follower” on the right for a chance to win this 16-inch therapy ball, or the book "The Out of Sync Child"!
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