Oct. 25, 2024

2024's BEST Physical Therapy Hiring Strategies EXPOSED

2024's BEST Physical Therapy Hiring Strategies EXPOSED

Jimmy McKay and Tony Maritato dive deep into one of the biggest challenges facing physical therapy clinics in 2024 — hiring and retaining top Physical Therapy talent. 


00:00 – Introduction: Tackling the PT Staffing Crisis

02:35 – The Current PT Job Vacancy Rate: 10% and Rising

05:58 – Creative Referral Programs: Avengers Assemble Strategy

09:45 – Leveraging Non-Licensed Staff and Telehealth for Efficiency

15:29 – Flexibility and Profit-Sharing: Long-Term Retention Strategies

19:45 – Using Social Media for Recruitment and Branding

23:00 – Bonus Tips: In-House Mentorship & CEU Programs

26:45 – Final Thoughts: Adapt or Get Left Behind


Backed by fresh research from the American Physical Therapy Association, Jimmy and Tony outline practical and innovative strategies to help clinic owners not only fill positions but also keep their therapists happy and motivated.


From creative referral programs and profit-sharing models to exploring non-licensed staff and telehealth solutions, these ideas are designed to revolutionize your hiring and retention process. If you're a clinic owner or manager looking to overcome staffing shortages and build a stronger, more profitable clinic, this episode is for you!


Key Points Discussed:


The current PT job vacancy rate and its impact on clinics.

Creative referral bonuses to incentivize staff and bring in top talent.

Delegating tasks to non-licensed staff and leveraging telehealth to reduce workload.

The importance of flexibility and profit-sharing models to retain therapists.

Using social media and content creation to boost your clinic’s brand and recruit the best.

Special Guests:


Tony Maritato, PT, Business Coach

Jimmy McKay, PT, DPT, Host of PT Pintcast


Target Audience:

Physical therapy clinic owners, PT professionals, healthcare recruiters, and business managers in the healthcare field.




WEBVTT

00:00:01.721 --> 00:00:04.585
All right, Tony Meritato here with myself,

00:00:04.626 --> 00:00:05.105
Jimmy McKay.

00:00:05.607 --> 00:00:06.408
Welcome back to the show.

00:00:07.009 --> 00:00:07.870
We've alluded to this on a

00:00:07.910 --> 00:00:09.452
few live streams, right?

00:00:09.473 --> 00:00:10.333
We're tackling one of the

00:00:10.394 --> 00:00:13.398
biggest problems and it-

00:00:15.330 --> 00:00:16.611
isn't or wasn't just one of

00:00:16.631 --> 00:00:17.812
the biggest problems we saw

00:00:17.852 --> 00:00:19.253
maybe at pps or we thought

00:00:19.312 --> 00:00:20.814
or felt now we're backed by

00:00:21.013 --> 00:00:22.695
research tony we can point

00:00:22.714 --> 00:00:24.876
to like a published uh

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resource from the american

00:00:26.257 --> 00:00:26.897
physical therapy

00:00:26.917 --> 00:00:28.018
association in the private

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practice section and they

00:00:29.320 --> 00:00:30.161
they came out with this

00:00:30.181 --> 00:00:31.321
essentially this this

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resource that highlighted

00:00:32.542 --> 00:00:34.384
these statistics right that

00:00:34.524 --> 00:00:37.265
hiring and retaining top pt talent

00:00:37.545 --> 00:00:38.106
is a big,

00:00:38.146 --> 00:00:40.128
big problem right now as we talk

00:00:40.149 --> 00:00:41.490
in October of twenty twenty four.

00:00:41.871 --> 00:00:43.432
That benchmark report

00:00:43.472 --> 00:00:44.533
reveals that clinics are

00:00:44.554 --> 00:00:46.415
dealing with a nine point five percent.

00:00:46.496 --> 00:00:47.838
Let's just round it, make it ten,

00:00:48.198 --> 00:00:49.539
ten percent vacancy rate.

00:00:50.259 --> 00:00:51.579
meaning one in ten positions

00:00:51.600 --> 00:00:52.960
that you're actively trying

00:00:53.000 --> 00:00:54.960
to fill is empty and you can't fill it.

00:00:55.060 --> 00:00:55.121
Now,

00:00:55.161 --> 00:00:56.722
that's nearly double the national

00:00:56.801 --> 00:00:58.603
average outside of our profession.

00:00:58.682 --> 00:00:59.524
So this is a big problem.

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We're double the average and

00:01:00.584 --> 00:01:01.183
not in a good way.

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And this means, in layman's terms,

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so people like me can understand,

00:01:04.766 --> 00:01:06.087
filling positions and

00:01:06.126 --> 00:01:07.427
keeping therapists on board

00:01:07.628 --> 00:01:08.548
is a real challenge,

00:01:08.808 --> 00:01:09.849
and it doesn't just feel bad.

00:01:10.088 --> 00:01:11.969
It costs clinics money.

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Now, if you solve this problem,

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you're ahead of the game by miles.

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To help solve this problem,

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Tony and I are gonna come

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in and we're each gonna

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share three innovative

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ideas that we've sort of

00:01:22.228 --> 00:01:23.009
come up with their spit

00:01:23.028 --> 00:01:23.989
ball and how to attract and

00:01:24.030 --> 00:01:25.109
retain the best therapist

00:01:25.129 --> 00:01:25.709
for your clinic.

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We'll go back and forth like

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we do six pack style

00:01:28.230 --> 00:01:30.272
offering up practical, but creative.

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Hopefully maybe it's outside

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the box or maybe we're

00:01:32.572 --> 00:01:33.433
stealing from people who've

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been creative and

00:01:34.893 --> 00:01:36.373
thoughtful either in our

00:01:36.414 --> 00:01:37.813
profession or out of our profession,

00:01:37.853 --> 00:01:38.775
which you should be doing

00:01:38.795 --> 00:01:39.594
on a regular basis.

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No need to reinvent the wheel.

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Steal someone's wheels.

00:01:43.537 --> 00:01:44.317
So we didn't talk about this.

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Do you want to flip a coin?

00:01:45.018 --> 00:01:45.698
Who wants to go first?

00:01:45.718 --> 00:01:46.120
You want to go first?

00:01:46.140 --> 00:01:46.760
You go first.

00:01:46.819 --> 00:01:47.320
You go first.

00:01:47.340 --> 00:01:47.740
I'll go first.

00:01:50.034 --> 00:01:50.873
And I'm going to do mine in

00:01:51.093 --> 00:01:53.194
a superhero theme, Tony.

00:01:53.594 --> 00:01:54.915
Superhero theme, okay?

00:01:55.314 --> 00:01:56.016
So my first one,

00:01:56.036 --> 00:01:57.975
I'm going to go with a short-term win,

00:01:58.355 --> 00:01:58.575
okay?

00:01:58.615 --> 00:02:00.216
So something you can do that

00:02:00.257 --> 00:02:02.656
will help to get people in

00:02:02.677 --> 00:02:03.617
the door quickly,

00:02:03.718 --> 00:02:05.018
but knowing that's only half the battle.

00:02:05.058 --> 00:02:06.397
So it's attract and retain.

00:02:06.778 --> 00:02:08.818
So my superhero theme is

00:02:09.139 --> 00:02:11.359
Avengers Assemble.

00:02:11.639 --> 00:02:12.280
Like you were waiting

00:02:12.300 --> 00:02:13.300
through the whole franchise

00:02:13.780 --> 00:02:15.320
for Captain America to say those words.

00:02:15.401 --> 00:02:17.001
Avengers Assemble.

00:02:18.421 --> 00:02:22.044
The idea is being able to

00:02:22.305 --> 00:02:24.447
create your own bonus team.

00:02:24.766 --> 00:02:26.229
Could you offer a bonus

00:02:26.588 --> 00:02:27.969
referral program where

00:02:28.030 --> 00:02:29.752
staff can refer their colleagues?

00:02:30.092 --> 00:02:31.913
I liked to work at places

00:02:32.294 --> 00:02:34.575
with people I liked to work with.

00:02:34.616 --> 00:02:35.736
Who knows therapists?

00:02:35.956 --> 00:02:36.818
Who knows who's good?

00:02:37.318 --> 00:02:38.739
Who knows who's not so good?

00:02:39.039 --> 00:02:40.401
Then the people that are

00:02:40.441 --> 00:02:41.262
actually working there.

00:02:41.481 --> 00:02:42.582
How many times have you seen

00:02:42.603 --> 00:02:43.984
a resume come across and you're like,

00:02:44.183 --> 00:02:44.364
hey,

00:02:44.403 --> 00:02:46.064
you two worked together here or you

00:02:46.085 --> 00:02:47.045
went to school together.

00:02:47.667 --> 00:02:48.747
What do you know about Jimmy?

00:02:48.787 --> 00:02:49.768
And you're like, oh,

00:02:49.807 --> 00:02:50.568
I'm going to save you a

00:02:50.628 --> 00:02:51.729
year's worth of problems.

00:02:51.770 --> 00:02:52.509
Get rid of Jimmy.

00:02:52.530 --> 00:02:53.871
This kid is a pain in the butt.

00:02:54.191 --> 00:02:54.951
Or, oh my gosh,

00:02:54.991 --> 00:02:55.953
that person's on the market.

00:02:56.332 --> 00:02:56.913
Grab them.

00:02:57.313 --> 00:02:57.514
Now,

00:02:57.854 --> 00:03:00.656
we've said before publicly what

00:03:00.795 --> 00:03:02.856
staffing agencies will charge, right?

00:03:02.877 --> 00:03:03.858
So you can go pay a staffing

00:03:03.918 --> 00:03:05.019
agency or you can pay to

00:03:05.038 --> 00:03:07.300
put a job on LinkedIn or

00:03:07.341 --> 00:03:08.341
Indeed or whatever.

00:03:08.641 --> 00:03:10.622
I'm not saying don't do that.

00:03:10.643 --> 00:03:12.024
But if you know it's worth a lot,

00:03:12.084 --> 00:03:12.985
why do we offer like,

00:03:14.146 --> 00:03:15.127
two hundred bucks or

00:03:15.167 --> 00:03:15.887
something like that to

00:03:15.907 --> 00:03:16.548
someone to refer a

00:03:16.608 --> 00:03:17.728
colleague why not put skin

00:03:17.747 --> 00:03:18.987
in the game and people get

00:03:19.027 --> 00:03:20.288
serious so if you want a

00:03:20.348 --> 00:03:22.229
serious bounty like if

00:03:22.248 --> 00:03:23.889
you're in the wild west if

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someone had if someone

00:03:24.909 --> 00:03:25.669
really wanted to get

00:03:25.710 --> 00:03:26.890
someone else caught they'd

00:03:26.911 --> 00:03:28.270
put more money up so the

00:03:28.330 --> 00:03:29.450
idea there is a referral

00:03:29.491 --> 00:03:30.972
bonus program but don't

00:03:30.991 --> 00:03:32.931
make it lip service and you

00:03:32.951 --> 00:03:34.413
can also like make it real

00:03:34.473 --> 00:03:35.772
right like double the bonus

00:03:36.233 --> 00:03:37.592
or put some contingencies

00:03:37.673 --> 00:03:39.473
on it that makes sense like

00:03:39.574 --> 00:03:40.875
The person's got to stay for a year,

00:03:41.034 --> 00:03:41.175
right?

00:03:41.194 --> 00:03:41.794
You're not just going to try

00:03:41.814 --> 00:03:42.955
to get a couple grand out

00:03:42.996 --> 00:03:44.436
of a company just to bring a friend in.

00:03:44.475 --> 00:03:46.116
But maybe say like, hey,

00:03:46.157 --> 00:03:47.358
if they stay a year, it's this.

00:03:47.598 --> 00:03:48.457
And then give them more

00:03:48.518 --> 00:03:50.038
money if they stay for three years.

00:03:50.058 --> 00:03:51.500
You found me a home run employee.

00:03:51.840 --> 00:03:53.961
Why aren't our successes tied together?

00:03:54.020 --> 00:03:55.341
So this is a short term

00:03:55.681 --> 00:03:57.102
suggestion to get a lot of apps in.

00:03:57.481 --> 00:03:58.703
But if it works out, man,

00:03:59.362 --> 00:04:01.024
what's that great higher worth?

00:04:01.364 --> 00:04:03.125
Is it worth tens of thousands of dollars?

00:04:03.344 --> 00:04:04.885
So give them some skin in the game.

00:04:06.079 --> 00:04:07.139
I think you're right in the

00:04:07.199 --> 00:04:08.721
sense that what is it worth

00:04:09.782 --> 00:04:10.943
putting something out there?

00:04:12.044 --> 00:04:13.205
I've just never seen it work.

00:04:13.585 --> 00:04:15.006
I've never seen, you know,

00:04:15.045 --> 00:04:17.007
there are referral bonuses out there.

00:04:17.108 --> 00:04:18.028
Everybody's offering.

00:04:18.129 --> 00:04:19.228
I remember skilled nursing

00:04:19.269 --> 00:04:20.269
was offering like twelve

00:04:20.290 --> 00:04:21.391
thousand dollar sign on

00:04:21.430 --> 00:04:22.911
bonuses and six thousand

00:04:22.932 --> 00:04:24.312
dollar referral bonuses.

00:04:25.814 --> 00:04:26.915
I basically think that if

00:04:26.954 --> 00:04:28.036
you're working somewhere

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and you have a buddy who, you know,

00:04:29.377 --> 00:04:30.317
is a great therapist.

00:04:31.166 --> 00:04:32.086
You're going to try to bring

00:04:32.107 --> 00:04:34.968
them onto the team anyway.

00:04:34.987 --> 00:04:36.689
This would be a situation where,

00:04:37.428 --> 00:04:39.230
I don't know, I think it's been done.

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I like it.

00:04:40.370 --> 00:04:41.310
It should work.

00:04:41.410 --> 00:04:42.310
I want it to work.

00:04:42.891 --> 00:04:46.172
I just don't see it actually working.

00:04:46.331 --> 00:04:49.072
I'm going to zig when you're zagging,

00:04:49.252 --> 00:04:50.213
and I'm going to say, look,

00:04:50.333 --> 00:04:51.533
I think the solution is

00:04:51.593 --> 00:04:52.694
going away from...

00:04:53.314 --> 00:04:55.615
trying to find licensed therapists.

00:04:55.696 --> 00:04:55.836
Now,

00:04:55.875 --> 00:05:00.038
my third offer will be to attract

00:05:00.077 --> 00:05:00.598
therapists.

00:05:00.678 --> 00:05:02.220
But my first offer is,

00:05:03.139 --> 00:05:04.221
let's go the other direction.

00:05:04.740 --> 00:05:06.062
Let's take a look at what we're doing.

00:05:06.101 --> 00:05:06.843
And I know we're all in

00:05:06.862 --> 00:05:07.543
different settings.

00:05:07.583 --> 00:05:08.403
And I know we all see

00:05:08.444 --> 00:05:10.745
different clienteles and patients.

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But for me,

00:05:12.665 --> 00:05:14.507
there's probably a lot that I

00:05:14.526 --> 00:05:16.608
could delegate out to a non-therapist.

00:05:17.348 --> 00:05:19.630
And so if I could build a model,

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and I've said this before, where...

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I know I can open a clinic tomorrow.

00:05:24.374 --> 00:05:26.555
I know I could fill the clinic tomorrow,

00:05:27.137 --> 00:05:28.838
but I don't have a licensed

00:05:28.918 --> 00:05:31.761
therapist to work the clinic tomorrow.

00:05:32.341 --> 00:05:34.223
So maybe I look at, well,

00:05:34.262 --> 00:05:35.624
what's the problem I'm solving?

00:05:35.663 --> 00:05:37.425
I'm solving shoulder pain or

00:05:37.446 --> 00:05:38.125
knee replacement,

00:05:38.906 --> 00:05:40.028
my niche knee replacement.

00:05:41.468 --> 00:05:42.209
How do I do that?

00:05:42.771 --> 00:05:43.932
Maybe I bring a remote

00:05:43.992 --> 00:05:46.173
therapist in Ella health.

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They come into my clinic

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without ever leaving their home.

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They do the evaluation.

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They develop the plan of care.

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And then I have a

00:05:53.761 --> 00:05:55.781
non-licensed clinician

00:05:56.281 --> 00:05:57.442
delivering self-paced

00:05:57.482 --> 00:05:59.202
services that's following

00:05:59.262 --> 00:06:00.483
the prescribed protocol.

00:06:01.322 --> 00:06:02.903
And I think this is where we

00:06:02.944 --> 00:06:04.824
start to try to define the

00:06:04.884 --> 00:06:06.985
line that maybe is a little blurry.

00:06:07.024 --> 00:06:08.886
It's like, well, what needs a therapist?

00:06:08.985 --> 00:06:10.146
What can be delegated?

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Right.

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If that evaluating therapist says,

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I've evaluated them, they're safe,

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they need to do this, this, and this,

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I can train a non-licensed

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individual to do this, this, and this.

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And when you look at the self-pay costs,

00:06:24.074 --> 00:06:24.934
so somebody who has a

00:06:24.973 --> 00:06:26.115
Medicare Advantage plan,

00:06:26.134 --> 00:06:26.995
they have a fifty dollar

00:06:27.035 --> 00:06:28.255
copay for every visit,

00:06:28.276 --> 00:06:28.935
they're going to go to an

00:06:28.995 --> 00:06:31.577
in-network provider for eighteen visits,

00:06:31.598 --> 00:06:32.398
they're going to pay nine

00:06:32.458 --> 00:06:33.298
hundred dollars.

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Can I get a non-licensed individual

00:06:37.500 --> 00:06:39.983
to deliver an equal plan of

00:06:40.023 --> 00:06:41.684
care that's less than nine

00:06:41.723 --> 00:06:42.264
hundred dollars.

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So I don't even have to bill

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insurance for that time.

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You know,

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that's the direction that I

00:06:47.223 --> 00:06:48.723
immediately go every time I

00:06:48.764 --> 00:06:50.283
think there's a staffing shortage.

00:06:50.343 --> 00:06:51.084
What are we going to do?

00:06:51.343 --> 00:06:53.004
Deliver the outcome in a different way.

00:06:53.305 --> 00:06:56.204
In an opportunity to sort of

00:06:56.225 --> 00:06:57.084
bolster that idea,

00:06:57.144 --> 00:06:58.365
I mentioned at the top of

00:06:58.406 --> 00:07:00.305
this video that one in ten

00:07:00.446 --> 00:07:02.387
physical therapist jobs was vacant.

00:07:02.807 --> 00:07:04.206
But it looks like for

00:07:04.247 --> 00:07:05.807
physical therapist assistants,

00:07:06.086 --> 00:07:07.148
it's close to twenty.

00:07:07.208 --> 00:07:08.668
It's seventeen point two

00:07:08.708 --> 00:07:10.608
percent of physical

00:07:10.648 --> 00:07:12.848
therapist assistants jobs are vacant.

00:07:12.889 --> 00:07:13.028
So.

00:07:13.728 --> 00:07:15.610
you're going to have to, they're, they're,

00:07:15.690 --> 00:07:16.911
they're being sought for,

00:07:17.012 --> 00:07:18.713
but they're not filling those roles.

00:07:19.273 --> 00:07:20.454
And so, I mean,

00:07:20.473 --> 00:07:21.475
we've talked about this before.

00:07:21.574 --> 00:07:22.855
I think they're the,

00:07:22.875 --> 00:07:24.437
they're one of the cheat codes on,

00:07:24.497 --> 00:07:25.879
can you provide great care?

00:07:26.358 --> 00:07:27.600
But we've also talked about,

00:07:27.639 --> 00:07:28.901
you need to emotionally let

00:07:28.940 --> 00:07:30.122
go that you're the secret

00:07:30.161 --> 00:07:31.103
sauce that everything you

00:07:31.122 --> 00:07:32.444
have to do every single step.

00:07:32.723 --> 00:07:34.185
If you keep doing every single step,

00:07:35.386 --> 00:07:36.107
you're going to continue to

00:07:36.146 --> 00:07:37.408
do every single step forever.

00:07:37.767 --> 00:07:38.528
And you're going to get paid.

00:07:38.588 --> 00:07:39.889
Like you produce less cars

00:07:39.930 --> 00:07:41.411
per year versus working in

00:07:41.451 --> 00:07:42.891
some sort of team or assembly line.

00:07:43.415 --> 00:07:45.017
And I'm shocked because

00:07:45.158 --> 00:07:46.298
everybody freaked out when

00:07:46.319 --> 00:07:47.759
Medicare cut reimbursement

00:07:47.800 --> 00:07:50.302
for services delivered by an assistant.

00:07:50.802 --> 00:07:52.685
Yet we see the need for

00:07:52.745 --> 00:07:54.507
assistance now higher than ever.

00:07:54.968 --> 00:07:55.827
I love assistance.

00:07:55.928 --> 00:07:57.269
I only work with assistance

00:07:57.290 --> 00:07:58.610
in my practice these days.

00:07:59.812 --> 00:08:01.673
But yeah, I would have been surprised.

00:08:01.754 --> 00:08:02.454
I would have thought there

00:08:02.475 --> 00:08:03.875
was a surplus of assistance

00:08:03.896 --> 00:08:05.158
on the market because of

00:08:05.197 --> 00:08:06.278
the reduced reimbursement.

00:08:06.791 --> 00:08:07.333
All right,

00:08:07.512 --> 00:08:09.654
my second suggestion would be

00:08:09.975 --> 00:08:11.596
pay attention to what people gripe about.

00:08:11.697 --> 00:08:13.158
We do this a lot in Facebook groups.

00:08:13.238 --> 00:08:14.279
Facebook groups are really

00:08:14.319 --> 00:08:15.000
good for gripes.

00:08:15.461 --> 00:08:16.781
Sometimes they're good for solutions.

00:08:16.841 --> 00:08:17.322
Most of the time,

00:08:17.343 --> 00:08:18.204
they're just good for gripes.

00:08:18.624 --> 00:08:20.425
But people are talking about flexibility.

00:08:20.505 --> 00:08:21.908
And a statistic I saw the other day,

00:08:21.927 --> 00:08:23.329
I think it was Harvard Business Review.

00:08:24.149 --> 00:08:25.069
They asked people,

00:08:25.230 --> 00:08:27.512
if I offered you the same exact job,

00:08:27.632 --> 00:08:30.512
but one was in person and one was remote,

00:08:31.052 --> 00:08:32.193
what do you value that as?

00:08:32.254 --> 00:08:32.614
Essentially,

00:08:32.634 --> 00:08:33.374
if I was going to offer you a

00:08:33.394 --> 00:08:35.034
hundred thousand dollars for this job,

00:08:35.534 --> 00:08:36.235
how much would you be

00:08:36.255 --> 00:08:37.316
willing to take in terms of

00:08:37.395 --> 00:08:38.817
less money to do the job

00:08:38.876 --> 00:08:40.258
either partially or fully remote?

00:08:40.418 --> 00:08:41.398
It was close to ten percent.

00:08:41.577 --> 00:08:42.399
So people would take a ten

00:08:42.438 --> 00:08:44.279
percent pay cut for flexibility.

00:08:44.639 --> 00:08:45.899
So how are you doing that?

00:08:45.980 --> 00:08:46.139
I mean,

00:08:46.581 --> 00:08:48.360
I in a previous life worked for Fox

00:08:48.400 --> 00:08:49.042
Rehabilitation.

00:08:49.701 --> 00:08:52.283
They looked at this gripe or

00:08:52.322 --> 00:08:54.403
this problem in a PT's life and said,

00:08:54.423 --> 00:08:55.004
we're going to sort of

00:08:55.043 --> 00:08:56.004
build a foundation on this.

00:08:56.423 --> 00:08:57.583
They're based on house calls.

00:08:57.744 --> 00:08:59.644
So like that's messy anyway.

00:09:00.105 --> 00:09:00.625
And they were like,

00:09:00.845 --> 00:09:02.905
if we had to schedule this person out,

00:09:03.025 --> 00:09:04.245
like we couldn't do that.

00:09:04.265 --> 00:09:04.985
That's infrastructure.

00:09:05.245 --> 00:09:05.866
So you do it.

00:09:05.966 --> 00:09:07.147
At the end of the week or month,

00:09:07.386 --> 00:09:08.486
you've got to hit this.

00:09:09.427 --> 00:09:10.327
It wasn't productivity.

00:09:10.347 --> 00:09:11.388
It was just the number of units.

00:09:11.847 --> 00:09:12.827
And if you want to work

00:09:12.888 --> 00:09:14.089
twenty four hours straight

00:09:14.129 --> 00:09:15.708
and your patients agree to that, great.

00:09:16.089 --> 00:09:16.830
So I think that my

00:09:16.870 --> 00:09:17.769
suggestion number two is.

00:09:18.649 --> 00:09:20.990
How can you make the job more attractive?

00:09:21.130 --> 00:09:21.831
Again, I just said,

00:09:21.931 --> 00:09:22.611
people are willing to take

00:09:22.672 --> 00:09:24.611
ten percent less if they

00:09:24.631 --> 00:09:25.712
perceive it as flexible.

00:09:26.092 --> 00:09:27.013
So that's what people want

00:09:27.033 --> 00:09:27.833
in twenty twenty four.

00:09:27.854 --> 00:09:29.134
If you're not if you're not

00:09:29.193 --> 00:09:31.034
delivering on this and

00:09:31.355 --> 00:09:33.176
advertising just because you do it,

00:09:33.676 --> 00:09:34.235
put that in,

00:09:34.275 --> 00:09:35.956
put that out there on the hook like.

00:09:36.317 --> 00:09:37.798
flexibility instantly

00:09:38.438 --> 00:09:39.719
improves work-life balance,

00:09:39.739 --> 00:09:40.440
or at least gives the

00:09:40.480 --> 00:09:41.500
person the opportunity or

00:09:41.520 --> 00:09:42.321
the illusion that it does,

00:09:42.721 --> 00:09:43.481
making your clinic more

00:09:43.522 --> 00:09:44.623
attractive to job seekers.

00:09:44.962 --> 00:09:47.644
So you'll get more people in the pipeline.

00:09:47.845 --> 00:09:48.566
It doesn't mean better.

00:09:48.586 --> 00:09:49.365
It just means more.

00:09:49.886 --> 00:09:50.427
But to me,

00:09:50.466 --> 00:09:51.967
if you want to attract and retain,

00:09:52.168 --> 00:09:52.808
work with me.

00:09:53.149 --> 00:09:54.070
Remember, if you own a clinic,

00:09:54.090 --> 00:09:55.070
your job is to sort of make

00:09:55.591 --> 00:09:56.991
my life easier so I can go

00:09:57.032 --> 00:09:58.092
make those patients happy

00:09:58.373 --> 00:09:59.092
and those patients come

00:09:59.133 --> 00:09:59.874
back and make you money.

00:10:00.764 --> 00:10:01.264
Yeah,

00:10:01.326 --> 00:10:03.047
we know that therapists are motivated

00:10:03.086 --> 00:10:04.707
by more than just the money.

00:10:04.889 --> 00:10:05.749
Has to be.

00:10:06.090 --> 00:10:06.769
Forever.

00:10:06.830 --> 00:10:08.010
Like we started our private

00:10:08.030 --> 00:10:09.091
practice in two thousand

00:10:09.131 --> 00:10:10.833
two from the first

00:10:11.014 --> 00:10:12.775
therapist to the last therapist.

00:10:12.875 --> 00:10:14.356
Everybody we've ever recruited,

00:10:14.397 --> 00:10:15.618
we've always said the same thing.

00:10:15.817 --> 00:10:18.320
I cannot pay you as much as

00:10:18.379 --> 00:10:19.400
home health is paying.

00:10:19.461 --> 00:10:20.741
I cannot pay you as much as

00:10:20.782 --> 00:10:21.802
skilled nursing is paying.

00:10:22.283 --> 00:10:23.445
But what I can do is I can

00:10:23.585 --> 00:10:25.306
offer you other things of value.

00:10:25.846 --> 00:10:26.506
So for us.

00:10:27.441 --> 00:10:28.421
I have a therapist that's

00:10:28.461 --> 00:10:29.682
going to a football game.

00:10:30.182 --> 00:10:31.322
He needs to take Monday and

00:10:31.363 --> 00:10:32.423
Tuesday off next week.

00:10:43.027 --> 00:10:44.988
vacate his monday tuesday he

00:10:45.008 --> 00:10:45.808
doesn't even have to use

00:10:45.849 --> 00:10:47.250
pto if he doesn't want to

00:10:47.629 --> 00:10:48.571
because he has that

00:10:48.591 --> 00:10:49.932
flexibility we have other

00:10:49.971 --> 00:10:51.793
therapists who are like I

00:10:51.852 --> 00:10:53.053
love outpatient I love

00:10:53.134 --> 00:10:54.254
ortho I love the stuff that

00:10:54.293 --> 00:10:55.815
I'm doing at tony's clinic

00:10:56.235 --> 00:10:57.275
but I'm not making as much

00:10:57.336 --> 00:10:59.518
money as I need so I say

00:10:59.538 --> 00:11:01.519
look take fridays work four

00:11:01.538 --> 00:11:03.100
tens take fridays and go

00:11:03.120 --> 00:11:04.201
work at skilled nursing or

00:11:04.240 --> 00:11:06.101
home health and you get the

00:11:06.322 --> 00:11:08.123
increased income but then

00:11:08.143 --> 00:11:09.504
you got the satisfaction

00:11:09.663 --> 00:11:10.605
when you're working here

00:11:11.004 --> 00:11:13.044
And your dollar cost average and overall,

00:11:13.105 --> 00:11:14.145
you're going to make up ten

00:11:14.166 --> 00:11:16.046
percent or more in that time.

00:11:16.885 --> 00:11:18.647
So having that kind of

00:11:18.667 --> 00:11:20.807
flexibility would be amazing.

00:11:20.966 --> 00:11:23.067
And I think we can do it in

00:11:23.148 --> 00:11:24.388
smaller practices,

00:11:24.447 --> 00:11:26.927
privately owned practices, hospital,

00:11:26.988 --> 00:11:27.807
skilled nursing.

00:11:27.868 --> 00:11:29.009
These other facilities just

00:11:29.068 --> 00:11:29.828
aren't going to do it.

00:11:30.528 --> 00:11:32.328
They're going to throw more money, maybe,

00:11:32.870 --> 00:11:33.809
but they're never going to

00:11:33.830 --> 00:11:34.970
give you that flexibility.

00:11:35.355 --> 00:11:36.116
Hamster wheel, man.

00:11:36.336 --> 00:11:36.537
I mean,

00:11:37.458 --> 00:11:38.799
solving the money is a short-term

00:11:38.879 --> 00:11:40.022
fix and it attracts the

00:11:40.062 --> 00:11:41.783
people that are attracted by money.

00:11:42.063 --> 00:11:42.945
It's going to attract good,

00:11:43.004 --> 00:11:43.525
but it's also going to

00:11:43.546 --> 00:11:44.927
attract equal parts bad.

00:11:44.966 --> 00:11:46.830
And in terms of bad, like not a good fit.

00:11:47.745 --> 00:11:50.846
So my number two is going to be, okay,

00:11:50.865 --> 00:11:52.666
number one was let's figure

00:11:52.686 --> 00:11:53.985
out a different way to

00:11:54.025 --> 00:11:55.647
deliver the outcome and the service.

00:11:55.687 --> 00:11:55.866
Right.

00:11:56.326 --> 00:11:58.988
Number two is let's consider

00:11:59.607 --> 00:12:01.087
treating a different population.

00:12:01.148 --> 00:12:01.868
Like I know a lot of

00:12:01.908 --> 00:12:03.207
clinicians that are amazing

00:12:03.288 --> 00:12:04.328
lymphedema therapists,

00:12:04.389 --> 00:12:05.629
oncology therapists,

00:12:05.948 --> 00:12:07.129
pelvic floor therapists.

00:12:07.168 --> 00:12:08.169
These are therapists that

00:12:08.210 --> 00:12:09.710
are seeing a population for...

00:12:10.470 --> 00:12:13.272
long, really, really long plans of care.

00:12:13.631 --> 00:12:13.971
Right.

00:12:13.993 --> 00:12:16.153
That becomes high risk

00:12:16.333 --> 00:12:17.495
because the longer you're

00:12:17.534 --> 00:12:19.216
treating someone compared to your peers,

00:12:19.576 --> 00:12:20.596
the more chance of a

00:12:20.657 --> 00:12:21.878
Medicare audit or third

00:12:21.898 --> 00:12:23.759
party payer audit.

00:12:24.019 --> 00:12:25.580
We know that typically four

00:12:25.639 --> 00:12:27.000
unit follow up visits tend

00:12:27.020 --> 00:12:29.023
to be less profitable than

00:12:29.202 --> 00:12:31.823
shorter visits or evaluation visits.

00:12:32.205 --> 00:12:33.065
There's all these

00:12:33.105 --> 00:12:34.905
complications that come in

00:12:35.427 --> 00:12:37.227
choosing to treat a patient

00:12:37.268 --> 00:12:39.830
demographic that's highly complex.

00:12:40.730 --> 00:12:41.791
especially if you're not

00:12:41.870 --> 00:12:43.051
adding in any self-paced

00:12:43.091 --> 00:12:44.172
services on top of it.

00:12:44.851 --> 00:12:46.533
So what if you took twenty,

00:12:46.592 --> 00:12:47.913
thirty percent of the

00:12:48.494 --> 00:12:51.154
available slots and said, OK,

00:12:51.195 --> 00:12:52.416
if we want to treat this

00:12:52.456 --> 00:12:53.535
special population that

00:12:53.576 --> 00:12:55.037
we're uniquely trained for,

00:12:55.798 --> 00:12:57.538
why don't we take twenty or

00:12:57.557 --> 00:12:58.418
thirty percent of our

00:12:58.458 --> 00:13:00.399
schedule and just focus on

00:13:00.419 --> 00:13:02.900
the high margin, high profit, you know,

00:13:03.221 --> 00:13:04.642
lowest hanging fruit?

00:13:05.221 --> 00:13:05.922
And for me,

00:13:06.403 --> 00:13:08.724
even staying in insurance only is

00:13:09.283 --> 00:13:12.466
These are like single visit evaluation,

00:13:12.546 --> 00:13:14.427
prescribe a home exercise program,

00:13:14.466 --> 00:13:16.668
discharge with RTM in place,

00:13:17.249 --> 00:13:18.249
and the patient is done.

00:13:18.288 --> 00:13:18.929
These are the high

00:13:18.970 --> 00:13:20.831
functioning geriatric individuals.

00:13:20.870 --> 00:13:21.931
They're playing pickleball

00:13:21.971 --> 00:13:22.711
and they're golfing and

00:13:22.731 --> 00:13:23.971
they're traveling and

00:13:23.991 --> 00:13:25.332
they're squeezing in a

00:13:25.373 --> 00:13:27.134
physical therapy evaluation

00:13:27.554 --> 00:13:28.595
just to make sure there's

00:13:28.654 --> 00:13:29.895
no major red flags.

00:13:30.375 --> 00:13:31.136
But really,

00:13:32.042 --> 00:13:32.903
This would be a twenty

00:13:33.102 --> 00:13:34.964
thirty minute session,

00:13:35.244 --> 00:13:37.264
single visit plan of care.

00:13:37.345 --> 00:13:38.546
I do the evaluation.

00:13:38.625 --> 00:13:40.547
I screen out any major complication.

00:13:40.687 --> 00:13:42.528
I prescribe two or three

00:13:42.587 --> 00:13:44.729
simple home exercises and

00:13:44.789 --> 00:13:46.490
put them on an RTM program

00:13:46.630 --> 00:13:48.091
to continue to advance and

00:13:48.130 --> 00:13:49.331
do their home exercise.

00:13:49.913 --> 00:13:51.312
I would typically generate

00:13:51.332 --> 00:13:52.274
about two hundred,

00:13:52.354 --> 00:13:53.774
two hundred to three

00:13:53.815 --> 00:13:55.735
hundred dollars for about

00:13:55.796 --> 00:13:56.917
twenty minutes of my time.

00:13:57.662 --> 00:13:58.001
You know,

00:13:58.062 --> 00:13:59.802
you put twenty percent of my

00:13:59.863 --> 00:14:02.024
caseload or my schedule doing that.

00:14:02.804 --> 00:14:05.206
Now I can afford to pay the

00:14:05.265 --> 00:14:06.765
expertise for the better

00:14:06.865 --> 00:14:07.966
therapists that are doing

00:14:08.006 --> 00:14:09.307
the more complex cases,

00:14:09.648 --> 00:14:11.688
even if I'm losing money on

00:14:11.749 --> 00:14:12.708
those other cases.

00:14:13.090 --> 00:14:13.409
Yeah.

00:14:13.470 --> 00:14:14.870
It's so funny where

00:14:15.691 --> 00:14:17.971
therapists and we can talk

00:14:18.011 --> 00:14:19.032
trash because we are them.

00:14:19.091 --> 00:14:19.273
Right.

00:14:19.293 --> 00:14:20.773
Like that's like the biggest hall pass.

00:14:21.212 --> 00:14:22.854
It's like I have more education.

00:14:22.994 --> 00:14:23.654
I have more skill.

00:14:23.674 --> 00:14:24.495
I have more knowledge.

00:14:24.575 --> 00:14:25.195
I'm more niche.

00:14:25.995 --> 00:14:26.196
But.

00:14:27.155 --> 00:14:28.017
third-party payers don't

00:14:28.057 --> 00:14:29.558
care and they'll say like

00:14:29.578 --> 00:14:30.259
well how do we make them

00:14:30.299 --> 00:14:31.662
care and I'm like spoiler

00:14:31.682 --> 00:14:32.342
alert I want you to look

00:14:32.383 --> 00:14:34.905
come here closer deeper into my eyes

00:14:39.144 --> 00:14:40.004
This is a way to say,

00:14:40.085 --> 00:14:41.164
how can I leverage that?

00:14:41.466 --> 00:14:42.566
And so so ultimately,

00:14:42.586 --> 00:14:43.886
like the final part in that

00:14:43.947 --> 00:14:45.048
loop is you're going to pay

00:14:45.067 --> 00:14:45.869
those people more because

00:14:45.889 --> 00:14:46.828
you're making more with them.

00:14:47.269 --> 00:14:49.230
So it's the rising tide lifts all ships,

00:14:49.291 --> 00:14:51.091
which is let's figure out ways.

00:14:51.231 --> 00:14:51.611
Again,

00:14:51.993 --> 00:14:54.313
people have to sort of sever that

00:14:54.354 --> 00:14:54.695
emotional.

00:14:54.995 --> 00:14:56.655
I need one on one care for

00:14:56.716 --> 00:14:58.736
an hour every single visit.

00:14:58.996 --> 00:14:59.278
Do you?

00:14:59.878 --> 00:15:01.479
Like I remember as a student,

00:15:01.558 --> 00:15:02.480
I watched some really great

00:15:02.519 --> 00:15:03.600
clinical instructors like

00:15:04.041 --> 00:15:06.503
do a lot more with a lot less,

00:15:06.623 --> 00:15:08.705
a lot less words, a lot less motion,

00:15:08.804 --> 00:15:10.405
a lot less instruction,

00:15:10.446 --> 00:15:11.486
like the right ones.

00:15:11.586 --> 00:15:12.506
So if that's you,

00:15:12.586 --> 00:15:13.947
I don't care what discipline you're in.

00:15:14.428 --> 00:15:15.610
Are there ways to make that

00:15:15.649 --> 00:15:16.389
more profitable?

00:15:16.570 --> 00:15:16.890
Yes.

00:15:17.691 --> 00:15:18.292
Are there ways to make

00:15:18.312 --> 00:15:19.211
people get better faster?

00:15:19.292 --> 00:15:19.692
Yes.

00:15:20.273 --> 00:15:21.374
Can all these things be true?

00:15:21.854 --> 00:15:22.414
Also, yes.

00:15:22.514 --> 00:15:23.796
But you have to think outside the box.

00:15:23.816 --> 00:15:24.596
You can't just wait for

00:15:24.615 --> 00:15:25.496
someone to pay you more

00:15:25.817 --> 00:15:26.518
because you think you're

00:15:26.538 --> 00:15:27.258
better and smarter.

00:15:27.317 --> 00:15:28.239
You have to sort of do more.

00:15:28.820 --> 00:15:29.659
I'm going to correct you on

00:15:29.679 --> 00:15:30.399
just one thing.

00:15:30.821 --> 00:15:31.740
My number three,

00:15:31.780 --> 00:15:33.421
which I'll get to it after yours,

00:15:33.701 --> 00:15:34.981
is how to pay more.

00:15:35.442 --> 00:15:37.142
The number two is not about paying more.

00:15:37.182 --> 00:15:38.182
The number two is about

00:15:38.221 --> 00:15:39.263
giving the therapist the

00:15:39.302 --> 00:15:41.523
freedom to treat more

00:15:41.602 --> 00:15:45.083
complex cases without penalizing them,

00:15:45.104 --> 00:15:45.943
because we know if they're

00:15:45.964 --> 00:15:48.764
going to other busier practices,

00:15:49.125 --> 00:15:49.764
they're not going to have

00:15:49.825 --> 00:15:51.065
the freedom to do what they want,

00:15:51.186 --> 00:15:52.905
how they want, as long as they want.

00:15:53.265 --> 00:15:54.265
So this is more of a,

00:15:54.466 --> 00:15:55.726
I want to be this type of PT.

00:15:55.846 --> 00:15:55.966
Yes.

00:15:56.606 --> 00:15:56.826
Okay.

00:15:56.866 --> 00:15:57.147
Got it.

00:15:57.226 --> 00:15:57.547
Perfect.

00:15:57.687 --> 00:15:57.927
Awesome.

00:15:58.267 --> 00:15:59.246
All right.

00:15:59.346 --> 00:16:00.668
I'm going to go long-term

00:16:00.727 --> 00:16:01.727
impact and I'm going to say

00:16:01.768 --> 00:16:02.567
shared victory.

00:16:02.927 --> 00:16:04.148
And I've seen this work and

00:16:04.187 --> 00:16:05.008
I've seen this not work,

00:16:05.107 --> 00:16:07.428
which is bonuses in my

00:16:07.489 --> 00:16:09.629
opinion are like too much

00:16:09.769 --> 00:16:11.590
like a treat for a trick, right?

00:16:11.629 --> 00:16:13.230
Don't treat your therapist like a dog.

00:16:13.950 --> 00:16:15.610
I heard a great line, which is, you know,

00:16:15.711 --> 00:16:16.390
I ran today,

00:16:16.410 --> 00:16:17.591
which means I can eat this donut.

00:16:17.630 --> 00:16:18.610
It's like, dude, you're not a dog.

00:16:18.630 --> 00:16:19.650
You don't do tricks for food.

00:16:20.111 --> 00:16:21.711
I don't do tricks for money.

00:16:22.572 --> 00:16:24.793
except I would do tricks to feel like,

00:16:24.812 --> 00:16:25.793
or I would do a little bit

00:16:25.873 --> 00:16:27.573
extra work or think outside

00:16:27.614 --> 00:16:29.274
the box if I feel like I'm invested.

00:16:29.674 --> 00:16:30.955
So my third suggestion is,

00:16:31.174 --> 00:16:33.035
can you share the victory, right?

00:16:33.535 --> 00:16:34.456
The idea here is,

00:16:35.037 --> 00:16:36.297
can you implement a profit

00:16:36.317 --> 00:16:36.777
sharing or

00:16:36.817 --> 00:16:38.258
performance-based bonus so that

00:16:38.278 --> 00:16:39.138
your therapists feel

00:16:39.197 --> 00:16:40.298
invested in the clinic's

00:16:40.318 --> 00:16:41.278
financial success?

00:16:41.578 --> 00:16:42.340
So when I feel like my

00:16:42.379 --> 00:16:43.940
little things are adding up to big things,

00:16:43.960 --> 00:16:45.360
I'm like, why don't I get a part of that,

00:16:45.500 --> 00:16:45.721
right?

00:16:46.260 --> 00:16:47.181
We talked about it on a live

00:16:47.201 --> 00:16:48.101
stream just the other day,

00:16:49.001 --> 00:16:49.782
They said some of these big

00:16:49.822 --> 00:16:50.682
chains will do that.

00:16:50.763 --> 00:16:50.883
Hey,

00:16:50.903 --> 00:16:53.104
we're opening a new clinic or you've

00:16:53.124 --> 00:16:54.085
hit your ceiling at this

00:16:54.125 --> 00:16:55.225
clinic and the person above

00:16:55.245 --> 00:16:56.466
you like we love them and

00:16:56.485 --> 00:16:57.365
we don't want to like get

00:16:57.405 --> 00:16:58.147
rid of them and they don't

00:16:58.167 --> 00:16:58.966
want to go any higher.

00:16:59.346 --> 00:17:00.727
So let's move you laterally.

00:17:00.988 --> 00:17:02.808
But let's have you invested

00:17:02.928 --> 00:17:03.729
instead of like, well,

00:17:03.788 --> 00:17:04.930
I get paid to unlock the

00:17:04.970 --> 00:17:05.809
door and make sure the

00:17:05.849 --> 00:17:06.750
therapists are here.

00:17:07.191 --> 00:17:08.652
The rising tide lifts all ships.

00:17:08.811 --> 00:17:09.672
So this would be like a more

00:17:09.692 --> 00:17:10.833
of a long term profit

00:17:10.873 --> 00:17:12.614
sharing performance based bonus.

00:17:13.213 --> 00:17:14.515
So they understand what

00:17:14.595 --> 00:17:15.855
needles need to be moved

00:17:15.935 --> 00:17:16.977
because this is a business.

00:17:17.278 --> 00:17:18.117
And here's the M word.

00:17:18.137 --> 00:17:18.999
It's a dirty word, money.

00:17:19.660 --> 00:17:21.141
If this organization makes more money,

00:17:21.221 --> 00:17:22.281
why shouldn't you too?

00:17:22.461 --> 00:17:23.522
So profit sharing would be

00:17:23.563 --> 00:17:24.364
my third suggestion.

00:17:25.124 --> 00:17:26.945
And there's that long term.

00:17:27.105 --> 00:17:29.048
Let's keep those good people around.

00:17:29.508 --> 00:17:30.229
If those people are getting

00:17:30.269 --> 00:17:32.009
poached or they're getting emails like,

00:17:32.049 --> 00:17:32.790
want to come work for us?

00:17:32.911 --> 00:17:33.191
Good.

00:17:33.211 --> 00:17:34.251
It means you have a good person.

00:17:34.551 --> 00:17:36.094
Give them a reason to stay.

00:17:37.221 --> 00:17:39.203
And my number three grows on that.

00:17:39.765 --> 00:17:41.826
In order to profit share, you need profit.

00:17:42.488 --> 00:17:43.308
Like most of us are

00:17:43.429 --> 00:17:45.770
operating with virtually no profit.

00:17:46.352 --> 00:17:48.554
So this is where I'm looking at this.

00:17:48.614 --> 00:17:49.414
And one of my favorite

00:17:49.434 --> 00:17:50.695
YouTube channels outside

00:17:50.756 --> 00:17:52.337
the profession of PT is

00:17:52.739 --> 00:17:53.799
Jared the Plumber.

00:17:53.819 --> 00:17:55.240
It's not called Jared the Plumber,

00:17:55.260 --> 00:17:56.362
but his name's Jared and

00:17:56.402 --> 00:17:57.963
he's a plumber on YouTube.

00:17:57.983 --> 00:17:58.064
Okay.

00:17:59.444 --> 00:17:59.644
Excuse me.

00:17:59.664 --> 00:18:02.326
And he talks about paying his plumbers,

00:18:02.766 --> 00:18:04.527
his contractors twice what

00:18:04.606 --> 00:18:05.807
they get paid anywhere else.

00:18:05.826 --> 00:18:07.407
And he said as soon as he did that,

00:18:07.488 --> 00:18:09.567
his business exploded

00:18:09.627 --> 00:18:11.709
because now and this goes

00:18:11.729 --> 00:18:12.388
to your first

00:18:13.410 --> 00:18:15.130
recommendation when you're

00:18:15.170 --> 00:18:16.590
paying literally double.

00:18:16.631 --> 00:18:17.971
So imagine the going rate

00:18:17.990 --> 00:18:19.270
for a therapist these days

00:18:19.371 --> 00:18:20.652
is seventy dollars an hour.

00:18:21.211 --> 00:18:21.811
And you're going to pay one

00:18:21.872 --> 00:18:24.333
hundred and forty and no

00:18:24.573 --> 00:18:25.952
increased expectation of

00:18:26.012 --> 00:18:27.473
productivity like standard

00:18:27.513 --> 00:18:28.794
productivity applies.

00:18:28.854 --> 00:18:30.275
But you're going to pay

00:18:30.355 --> 00:18:32.954
double every single one on your team,

00:18:33.015 --> 00:18:33.976
especially once they

00:18:34.135 --> 00:18:35.736
realize you're doing this for real.

00:18:36.236 --> 00:18:36.796
They're going to tell

00:18:37.016 --> 00:18:38.297
everybody else about it.

00:18:38.757 --> 00:18:40.277
Everybody's going to want to come to you.

00:18:40.317 --> 00:18:41.397
So now the question is,

00:18:41.998 --> 00:18:42.978
how the heck do you do that?

00:18:43.077 --> 00:18:44.459
How do you pay a therapist

00:18:44.558 --> 00:18:46.378
double what they would have been making?

00:18:47.038 --> 00:18:48.779
Well, there's a couple options in here.

00:18:49.680 --> 00:18:50.641
You guys know I love the

00:18:50.681 --> 00:18:52.082
social media side of things.

00:18:52.701 --> 00:18:54.584
I shared a YouTube video

00:18:55.144 --> 00:18:57.086
where it was an eight minute clip.

00:18:57.346 --> 00:18:58.326
I think it generated like

00:18:58.346 --> 00:18:59.728
five hundred dollars in

00:19:00.008 --> 00:19:01.788
Google and YouTube ad revenue.

00:19:02.569 --> 00:19:03.431
I had another.

00:19:03.651 --> 00:19:04.111
Yeah, yeah.

00:19:04.211 --> 00:19:05.592
It was a tens unit video.

00:19:05.672 --> 00:19:07.292
I was showing a patient how

00:19:07.334 --> 00:19:08.954
to use a tens unit, recorded it.

00:19:09.454 --> 00:19:11.376
in real time, posted it to YouTube,

00:19:11.757 --> 00:19:12.738
generated five hundred

00:19:12.778 --> 00:19:14.239
dollars in ad revenue,

00:19:14.579 --> 00:19:15.921
generated another five

00:19:15.961 --> 00:19:16.902
hundred dollars in

00:19:17.001 --> 00:19:18.502
affiliate income from tens

00:19:18.603 --> 00:19:20.944
units that were sold on Amazon this year,

00:19:21.586 --> 00:19:23.126
generated eight hundred and

00:19:23.207 --> 00:19:24.167
like fifty something

00:19:24.208 --> 00:19:26.150
dollars from tens units

00:19:26.190 --> 00:19:27.750
that were sold last year.

00:19:28.270 --> 00:19:30.232
So that eight minutes of a

00:19:30.353 --> 00:19:31.814
sixty minute treatment

00:19:32.255 --> 00:19:35.637
generated over fifteen hundred dollars

00:19:37.199 --> 00:19:39.340
And I said you can't do this

00:19:39.381 --> 00:19:41.801
with every session, but why can't you?

00:19:42.021 --> 00:19:42.782
Maybe you can.

00:19:43.242 --> 00:19:46.325
Maybe we can capture that content,

00:19:46.885 --> 00:19:48.366
monetize it across multiple

00:19:48.406 --> 00:19:50.768
social media platforms, affiliate links,

00:19:50.847 --> 00:19:52.409
paid content, RTM,

00:19:52.509 --> 00:19:53.630
all of these other things.

00:19:54.290 --> 00:19:55.692
And now you don't have a

00:19:55.811 --> 00:19:58.513
therapist that's generating one hour,

00:19:58.534 --> 00:20:00.575
one hundred and fifty dollars in revenue.

00:20:00.615 --> 00:20:01.816
You have a therapist that's

00:20:01.836 --> 00:20:03.156
generating hundreds of

00:20:03.217 --> 00:20:04.897
dollars every single month

00:20:04.958 --> 00:20:06.298
for the one hour they gave you.

00:20:07.037 --> 00:20:07.336
You know,

00:20:07.396 --> 00:20:09.557
and that's where I think we can

00:20:09.597 --> 00:20:10.758
go and double the rate

00:20:11.179 --> 00:20:13.058
because now we're creating celebrities.

00:20:13.098 --> 00:20:14.160
We've talked about this.

00:20:14.660 --> 00:20:17.780
Now we're creating information, education,

00:20:17.961 --> 00:20:19.821
and we're finding other

00:20:19.902 --> 00:20:21.282
consumers of that

00:20:22.262 --> 00:20:23.423
information and content.

00:20:23.884 --> 00:20:25.183
YouTube is a consumer of

00:20:25.203 --> 00:20:26.184
that content because

00:20:26.224 --> 00:20:27.224
YouTube is buying that

00:20:27.265 --> 00:20:28.545
content and selling it to

00:20:28.605 --> 00:20:29.566
other advertisers.

00:20:30.165 --> 00:20:31.407
Amazon is buying that

00:20:31.448 --> 00:20:32.949
content and selling it to

00:20:33.068 --> 00:20:35.451
product sales cycles.

00:20:36.012 --> 00:20:37.614
Like there's other ways for

00:20:37.773 --> 00:20:39.916
us to monetize that hour of time,

00:20:40.497 --> 00:20:41.878
which would allow us to pay double,

00:20:42.298 --> 00:20:43.320
which would allow us to

00:20:43.381 --> 00:20:44.481
recruit the best in the

00:20:44.582 --> 00:20:46.344
area and just create a

00:20:46.403 --> 00:20:48.145
vacuum that just socks all

00:20:48.226 --> 00:20:49.586
of these amazing therapists

00:20:49.626 --> 00:20:50.729
into our organization.

00:20:51.633 --> 00:20:52.794
Do you when you approach a

00:20:52.834 --> 00:20:53.694
patient and you say, hey,

00:20:53.714 --> 00:20:54.977
do you mind if I record this?

00:20:56.417 --> 00:20:57.058
What's the what's the

00:20:57.078 --> 00:20:58.079
ballpark batting average?

00:20:58.099 --> 00:20:59.181
Like, do most of them say yes?

00:20:59.240 --> 00:21:00.722
Is it one hundred percent?

00:21:00.823 --> 00:21:02.085
I have never been in a

00:21:02.144 --> 00:21:04.386
situation in all of my time

00:21:04.446 --> 00:21:07.109
recording where someone said, no,

00:21:07.230 --> 00:21:08.050
absolutely not.

00:21:08.151 --> 00:21:09.313
Now, full disclosure.

00:21:09.813 --> 00:21:11.473
there are those patients

00:21:11.894 --> 00:21:13.494
that I know ahead of time,

00:21:13.556 --> 00:21:14.976
they are not going to be a

00:21:15.017 --> 00:21:16.277
good social media patient.

00:21:16.317 --> 00:21:17.097
They don't want it.

00:21:17.117 --> 00:21:17.698
They don't, you know,

00:21:17.718 --> 00:21:18.679
they have zero interest.

00:21:19.519 --> 00:21:20.660
So I'm selective.

00:21:21.080 --> 00:21:23.781
I pre-screen, but seriously,

00:21:23.801 --> 00:21:24.982
like if I think somebody is

00:21:25.042 --> 00:21:26.423
inclined to saying, yes,

00:21:26.584 --> 00:21:28.986
I just did this twice yesterday.

00:21:29.026 --> 00:21:31.587
And today I said, Hey, here's the deal.

00:21:31.607 --> 00:21:33.028
We're getting a new device in the clinic.

00:21:33.068 --> 00:21:34.690
It's a shockwave therapy device.

00:21:34.710 --> 00:21:35.569
This is how it works.

00:21:35.589 --> 00:21:36.510
This is what it does.

00:21:37.371 --> 00:21:39.192
I want to record you.

00:21:40.250 --> 00:21:41.332
receiving the,

00:21:41.471 --> 00:21:42.752
the treatment intervention

00:21:42.792 --> 00:21:43.432
for the first time,

00:21:43.792 --> 00:21:45.555
you could be totally transparent.

00:21:45.575 --> 00:21:46.275
You could be real.

00:21:46.315 --> 00:21:47.336
If you don't feel like it helps,

00:21:47.375 --> 00:21:48.797
I want you to absolutely tell me,

00:21:49.396 --> 00:21:50.998
but I want to share this

00:21:51.077 --> 00:21:52.798
with other people on my YouTube channel.

00:21:52.999 --> 00:21:54.901
Every single patient is like, yes,

00:21:54.941 --> 00:21:55.780
that'd be awesome.

00:21:56.541 --> 00:21:57.961
Even the ones that are embarrassed,

00:21:58.262 --> 00:21:59.262
secretly love it.

00:21:59.604 --> 00:22:01.125
And they all signed the media release.

00:22:01.164 --> 00:22:02.244
It's all HIPAA compliant.

00:22:02.265 --> 00:22:03.566
They all have the right to refuse.

00:22:03.586 --> 00:22:04.886
They all have a chance in

00:22:04.926 --> 00:22:05.928
the future to tell me to

00:22:05.968 --> 00:22:07.147
take the content down.

00:22:07.888 --> 00:22:09.329
Um, we do it properly.

00:22:10.438 --> 00:22:11.077
but they all love it.

00:22:11.117 --> 00:22:12.318
They all love being the

00:22:12.358 --> 00:22:13.579
celebrity of their story.

00:22:13.960 --> 00:22:15.080
Yeah.

00:22:15.101 --> 00:22:16.421
Uh, so that's our six suggestions.

00:22:16.441 --> 00:22:18.201
Some bonus ones that I didn't, you know,

00:22:18.241 --> 00:22:19.202
get into my top three cause

00:22:19.222 --> 00:22:19.962
we're supposed to be limited,

00:22:19.982 --> 00:22:20.763
but this is our show so we

00:22:20.784 --> 00:22:22.464
can go beyond three, um,

00:22:23.005 --> 00:22:24.125
in-house residency or

00:22:24.144 --> 00:22:25.026
mentorship programs.

00:22:25.046 --> 00:22:25.786
A lot of people are coming

00:22:25.826 --> 00:22:27.186
out of school and saying like,

00:22:27.247 --> 00:22:29.147
do I go residency mentorship?

00:22:29.347 --> 00:22:30.088
Like at a, like,

00:22:30.729 --> 00:22:31.749
really honestly put some

00:22:31.788 --> 00:22:32.829
time into that because

00:22:32.849 --> 00:22:34.049
they're looking for that, right?

00:22:34.130 --> 00:22:35.390
And people can sniff this out.

00:22:35.430 --> 00:22:36.090
If you say this on an

00:22:36.131 --> 00:22:38.131
interview or a posting,

00:22:38.151 --> 00:22:38.971
like we have mentorship,

00:22:39.751 --> 00:22:40.652
but be good consumers.

00:22:40.731 --> 00:22:41.511
Explain that to me.

00:22:41.852 --> 00:22:42.811
What am I going to be getting?

00:22:42.852 --> 00:22:44.012
Because that was the

00:22:44.093 --> 00:22:45.452
buzzword of a year and a half ago,

00:22:45.472 --> 00:22:47.153
which was mentorship and

00:22:47.413 --> 00:22:48.374
professional development.

00:22:48.634 --> 00:22:49.794
And then beyond the mentorship,

00:22:50.374 --> 00:22:51.674
what are you giving me beyond that?

00:22:52.194 --> 00:22:54.035
So you should always be comparing salary,

00:22:54.215 --> 00:22:55.776
but like flexibility, schedule,

00:22:55.816 --> 00:22:56.695
what's responsible.

00:22:57.997 --> 00:22:59.396
Go beyond the benefits package.

00:22:59.537 --> 00:23:00.778
which is really important.

00:23:00.857 --> 00:23:01.898
I know when you're twenty years old,

00:23:01.959 --> 00:23:02.318
I didn't care.

00:23:02.338 --> 00:23:03.220
I was just like, salary,

00:23:03.299 --> 00:23:03.940
is there insurance?

00:23:03.980 --> 00:23:04.980
Yes, great, check.

00:23:05.320 --> 00:23:06.521
Look into those different things.

00:23:07.423 --> 00:23:08.804
Does this come with CEU money?

00:23:08.903 --> 00:23:09.044
Like,

00:23:09.064 --> 00:23:10.305
because I'm going to need to stay up

00:23:10.404 --> 00:23:10.744
to date.

00:23:10.765 --> 00:23:11.846
Can you solve that problem

00:23:12.165 --> 00:23:12.786
for me together?

00:23:12.806 --> 00:23:14.367
A lot of large organizations

00:23:14.807 --> 00:23:16.429
will approach a MedBridge

00:23:16.828 --> 00:23:18.009
and they'll get a group discount.

00:23:18.170 --> 00:23:19.570
Smart on MedBridge's part, right?

00:23:19.631 --> 00:23:22.073
And now for pennies on the

00:23:22.113 --> 00:23:23.574
dollar or a little bit less,

00:23:23.634 --> 00:23:25.615
they're able to use that as bait.

00:23:25.655 --> 00:23:27.297
We asked this on a previous episode,

00:23:27.336 --> 00:23:28.718
would APTA membership

00:23:29.218 --> 00:23:30.837
If my clinic paid that for you,

00:23:30.857 --> 00:23:31.638
would that be valuable?

00:23:31.878 --> 00:23:33.878
To some people and some people like, okay,

00:23:33.898 --> 00:23:34.519
I guess that's nice,

00:23:34.538 --> 00:23:35.660
but I'm never going to see the value.

00:23:35.920 --> 00:23:37.500
So pay attention to what they ask for,

00:23:37.759 --> 00:23:39.200
what they're paying for themselves.

00:23:39.579 --> 00:23:40.780
Can you deliver that for a

00:23:40.800 --> 00:23:41.980
little less and then use it

00:23:42.641 --> 00:23:44.721
on the value side instead

00:23:44.741 --> 00:23:45.602
of just focusing on the

00:23:45.662 --> 00:23:49.143
price side of that seesaw?

00:23:49.262 --> 00:23:50.303
I got my seesaw.

00:23:50.803 --> 00:23:52.522
It's going back and forth.

00:23:52.743 --> 00:23:53.804
Just focus on one.

00:23:53.844 --> 00:23:54.824
Don't always focus on one

00:23:54.864 --> 00:23:55.624
side of that seesaw.

00:23:55.983 --> 00:23:56.924
Any other bonus suggestions

00:23:56.944 --> 00:23:58.845
that come to mind before we hit stop?

00:23:59.340 --> 00:24:00.082
Yeah, heck yeah.

00:24:00.102 --> 00:24:01.782
Since you got bonus, I'll get bonus.

00:24:02.044 --> 00:24:03.265
I would say, you know,

00:24:04.326 --> 00:24:06.207
most clinicians tend to be

00:24:07.208 --> 00:24:08.368
the personality type that

00:24:08.388 --> 00:24:10.671
avoids conflict and avoids risk, right?

00:24:10.951 --> 00:24:11.551
Risk averse.

00:24:12.133 --> 00:24:14.315
So I know when I'm looking

00:24:14.434 --> 00:24:15.976
at making a major investment,

00:24:16.076 --> 00:24:17.817
I want to know what's my exit strategy.

00:24:17.857 --> 00:24:18.878
If I'm starting a business,

00:24:18.919 --> 00:24:20.039
what's my exit strategy?

00:24:20.119 --> 00:24:21.821
If I'm getting into a relationship, I'm

00:24:22.301 --> 00:24:23.724
I just did an onboarding call.

00:24:23.765 --> 00:24:24.886
I was like, this is amazing.

00:24:24.926 --> 00:24:27.371
Best onboarding call I have ever had.

00:24:27.912 --> 00:24:29.173
But how do I get out of this

00:24:29.234 --> 00:24:30.477
if things don't go well?

00:24:31.198 --> 00:24:32.961
I always want to see the exit.

00:24:33.896 --> 00:24:35.699
In a situation like employment,

00:24:35.739 --> 00:24:38.281
I think a huge value add, if nothing else,

00:24:38.342 --> 00:24:39.303
is just to say, look,

00:24:39.824 --> 00:24:41.005
I don't expect you to be

00:24:41.046 --> 00:24:42.207
with us for forty years.

00:24:42.287 --> 00:24:43.729
You're early in your career.

00:24:43.788 --> 00:24:44.809
You're late in your career.

00:24:44.849 --> 00:24:45.911
You're in the middle of your career,

00:24:45.951 --> 00:24:46.692
whatever it is.

00:24:47.333 --> 00:24:48.413
I understand there is going

00:24:48.433 --> 00:24:50.276
to be a time for you to be here, to grow,

00:24:50.336 --> 00:24:51.577
to thrive, to excel,

00:24:51.597 --> 00:24:52.598
and then you're going to leave.

00:24:53.039 --> 00:24:53.460
And that's OK.

00:24:54.320 --> 00:24:55.821
And I want to plan that

00:24:55.882 --> 00:24:58.462
conversation before you even start,

00:24:58.823 --> 00:24:59.923
because I want you to know

00:24:59.962 --> 00:25:01.784
that I expect the best

00:25:01.844 --> 00:25:03.483
people to outgrow this

00:25:03.523 --> 00:25:05.845
position to expand and go

00:25:05.924 --> 00:25:06.846
into other things.

00:25:07.326 --> 00:25:09.487
It's totally fine because I

00:25:09.527 --> 00:25:10.326
think a lot of us feel

00:25:10.406 --> 00:25:11.928
guilted into staying into a

00:25:11.988 --> 00:25:13.907
position way longer than we

00:25:14.008 --> 00:25:15.669
ever would have simply

00:25:15.709 --> 00:25:16.749
because we like our,

00:25:16.868 --> 00:25:18.109
we like our coworkers.

00:25:18.150 --> 00:25:19.450
We like maybe the managers,

00:25:19.490 --> 00:25:21.411
maybe we love the patients, but we don't,

00:25:21.431 --> 00:25:23.372
we're always feeling that obligation.

00:25:23.711 --> 00:25:25.673
Or we don't know how to properly break up.

00:25:25.794 --> 00:25:26.554
Like how many times have you

00:25:26.574 --> 00:25:27.275
been someone you're like,

00:25:27.494 --> 00:25:28.816
I don't know how to get out of this.

00:25:28.855 --> 00:25:31.557
Like there's no, this goes back to,

00:25:31.657 --> 00:25:32.778
and I've given Jamie Schreier,

00:25:32.818 --> 00:25:34.681
who we just saw PPS on the

00:25:34.721 --> 00:25:35.902
fly there last week.

00:25:37.063 --> 00:25:37.563
One of the greatest

00:25:37.583 --> 00:25:38.503
questions I've ever heard

00:25:38.564 --> 00:25:39.384
on an interview.

00:25:39.444 --> 00:25:40.224
It's so great.

00:25:41.145 --> 00:25:42.626
I call it a ricochet question,

00:25:42.666 --> 00:25:43.367
but apparently it's called

00:25:43.387 --> 00:25:45.169
a framing question, like in real talk,

00:25:45.189 --> 00:25:47.211
which is if you were to

00:25:47.250 --> 00:25:48.592
take this job and three

00:25:48.612 --> 00:25:50.053
years from now you were to leave or quit,

00:25:50.192 --> 00:25:51.755
what do you think that reason is?

00:25:52.355 --> 00:25:53.736
would be and whatever that

00:25:53.776 --> 00:25:55.076
person says that's the

00:25:55.116 --> 00:25:55.978
thing that they're worried

00:25:56.018 --> 00:25:58.019
about or looking for and if

00:25:58.058 --> 00:25:59.319
you don't have that be up

00:25:59.380 --> 00:26:00.181
front don't take that

00:26:00.221 --> 00:26:01.182
person on even if it's for

00:26:01.342 --> 00:26:02.521
you know even if it's for

00:26:02.563 --> 00:26:04.084
two years because remember

00:26:04.104 --> 00:26:05.325
when someone's ramping up

00:26:05.464 --> 00:26:06.746
they're not as productive

00:26:06.766 --> 00:26:07.885
they don't know a lot right

00:26:08.227 --> 00:26:09.106
and when they're ramping

00:26:09.146 --> 00:26:10.667
down and you never you know

00:26:10.688 --> 00:26:11.469
when they're ramping up

00:26:11.489 --> 00:26:12.390
because they've just started

00:26:12.829 --> 00:26:14.631
you never know when they're ramping down,

00:26:14.830 --> 00:26:15.051
right?

00:26:15.071 --> 00:26:16.553
Cause when they're mentally checked out,

00:26:17.073 --> 00:26:17.932
they're going to be

00:26:17.993 --> 00:26:19.193
requiring more resources

00:26:19.253 --> 00:26:20.575
and they're going to be dragging ass.

00:26:20.595 --> 00:26:21.675
So they're going to be, you know,

00:26:21.715 --> 00:26:23.297
pissing people off in the organization.

00:26:23.696 --> 00:26:24.718
So I like that question

00:26:24.758 --> 00:26:26.118
because it says like, well, I don't,

00:26:26.219 --> 00:26:27.259
I want to open my own clinic.

00:26:27.559 --> 00:26:28.820
Well, actually my five-year plan,

00:26:28.861 --> 00:26:29.681
I want to, I'm going to open it.

00:26:29.701 --> 00:26:30.721
I'm going to second location.

00:26:30.761 --> 00:26:31.923
So this might be a good match,

00:26:31.962 --> 00:26:33.163
but that's not on the application.

00:26:33.183 --> 00:26:33.263
So

00:26:33.604 --> 00:26:34.484
I love that cheat question

00:26:34.505 --> 00:26:35.224
from Jamie Schreier.

00:26:35.244 --> 00:26:35.785
If you were to leave,

00:26:35.805 --> 00:26:36.525
what would the reason be?

00:26:37.046 --> 00:26:38.987
I think this is and will be

00:26:39.166 --> 00:26:41.827
a problem for the foreseeable future.

00:26:42.387 --> 00:26:44.128
I think AI, apps,

00:26:44.429 --> 00:26:46.849
RTM can help all these things,

00:26:46.890 --> 00:26:48.871
but I think the basics are going to win.

00:26:48.951 --> 00:26:50.051
The organizations that paid

00:26:50.092 --> 00:26:52.073
attention to what people are looking for

00:26:52.873 --> 00:26:54.394
And I know it's the, now we're in,

00:26:54.493 --> 00:26:55.394
I feel like I'm in the age

00:26:55.414 --> 00:26:56.516
of these kids today.

00:26:56.556 --> 00:26:57.696
They want something different.

00:26:57.777 --> 00:26:58.477
Yes, they do.

00:26:58.616 --> 00:26:59.617
And the organizations that

00:26:59.637 --> 00:27:01.499
will create that for those

00:27:01.538 --> 00:27:02.880
people in the next generation,

00:27:03.060 --> 00:27:04.000
it's not you anymore.

00:27:04.422 --> 00:27:05.342
I'm in my mid forties.

00:27:05.362 --> 00:27:06.502
It's not me in the,

00:27:06.583 --> 00:27:08.003
in the middle of the bell curve anyway,

00:27:08.364 --> 00:27:10.286
of the, of the biggest portion of this.

00:27:10.385 --> 00:27:13.367
Um, in terms of, uh, um,

00:27:13.428 --> 00:27:14.989
lack of positions being filled,

00:27:15.369 --> 00:27:16.150
pay attention to what the

00:27:16.190 --> 00:27:17.090
next generation is.

00:27:17.151 --> 00:27:18.051
It's different than the one

00:27:18.071 --> 00:27:20.512
that we just came from.

00:27:20.553 --> 00:27:21.074
Sounds good.