A conversation (podcast/video) led by Will Humphreys about the role of private physical therapy practice and medical billing in reducing healthcare costs. Humphreys argues that making physical therapy the first-line treatment for musculoskeletal issues can save hundreds of billions in wasted healthcare spending; the discussion closes with practical advice for practice owners about managing billing (in-house vs. outsourced).
Chapters
Our whole industry lives or dies by private practice. Our whole country lives or dies by business, small business. And so what we care about, whether it's on the billing side with you two or on just the. The business side of it in general, on my end, is that we're really making the biggest impact in the industry because we believe that physical therapy is the solution. Like, if we can get PT again to be the first line of thought for medical, for the public, for. In terms of musculoskeletal issues, we are going to reduce billions, billions, like hundreds of billions of dollars of wasted health care costs. So if we can just get the insurance to help, not hurt, think about how much more we could impact. But in the short term, at least we're getting in our small way. 10 or 15 companies every year up and going. Right? Yeah. So very good. All right, so final thoughts, guys. What would you want the audience to know? You've got many men and women who own practices listening to this, and they're thinking about their billing, and they're just like, maybe they're struggling with it. What just kind of general advice would you give them in terms of, like, helping them navigate the future of medical billing?
My general advice would be to work with whoever you have doing your billing, whether it's in house or outsourced or you want to outsource.
If you want to outsource and you're smaller. Yeah.
Just to get the tools that you need to hold them accountable with as little headache to you as possible.