Members of the OT Entrepreneurs Facebook Group Chat #2 – Focus on Billing, Fees, Monetizing Your Skill Sets

July 25th- 7:30- 8:30 EST

Moderated by Iris Kimberg MS PT OTR , the focus of the second Group Chat will be on monetary  issues that are commonly faced by therapists in the private sector:
-Considerations in  Billing –in and out of network, fee schedules, what to charge, how to protect yourself, pros and cons of  in house vs. outsourcing your billing
-Legal Considerations/Obligations in Billing – collecting vs waiving co-pays, co-insurances, deductibles, medical indigence,  how to increase the likelihood of getting paid
-Putting a price tag on your services, determining the value of what you offer,  and monetizing your skill sets. There is a reason why this group is not free, and what you can learn from that!

Therapists will have an opportunity to ask questions live, and  submit revelant questions prior to the meeting. The group meeting will be recorded and available 24/7/365. Group size will be limited to 25 therapists to ensure participation.

Please note that this group is for informational purposes only and does not replace consultations with an attorney or an accountant.

Members of the OT Entrepreneurs Facebook Group Chat #2 - Focus on Billing, Fees, Monetizing Your Skill Sets
Members of the OT Entrepreneurs Facebook Group Chat #2 - Focus on Billing, Fees, Monetizing Your Skill Sets
Price: $20.00

Pediatric OT Practice for Sale in Midtown Manhattan

Due to the owner’s relocation, a well established pediatric OT practice is available for sale. Located in an ADA compliant Grade A building, this 1500 square foot office with numerous windows and high ceilings is fully equipped as a sensory gym and also has separate treatment rooms currently being sublet by other disciplines.

The practice has multiple part time OTs and enjoys long term relationships with many long term referral sources, both private and through the Department of Education. Currently there are approximately 30 productive sessions provided each week, with approximately 3 new patients per month. There is a fully integrated EMR system in place.  Gross revenue is consistently over $200,000.00 annually.  This is a great opportunity to gain a strong foundation for a practice or to establish a fantastic second location.  The lease is reasonable, transferrable and renewable.

Ask price is  $75,000.00 and owner is willing to stay on for a reasonable transition period.

Serious inquiries only, please contact Iris Kimberg, MS PT OTR on behalf of the owner at infonytherapy@aol.com or iris@nytherapyguide.com :

Ready Set Grow, a Pediatric Occupational Therapy Private Practice in Rego Park Queens has two opportunities available

(1) SUBLET OPPORTUNITIES FOR OTHER PROFESSIONALS

Located in the lower level of a residential family friendly Rego Park, Queens building, this  900 square foot space has a fully equipped sensory gym, waiting room with wifi for parents and siblings,  as well as a separate table top area suitable for writing and desk top activities.

The space can be sublet monthly and is suitable for a physical therapist,  speech pathologist, play therapist or special educator. There is tremendous opportunity for cross referrals from existing caseload.

(2) PER DIEM OT POSITION STARTING IN SEPTEMBER!

Suitable for a  non-DOE  therapist who is an independent provider for DOE for CPSE and CSE school age children, hours are flexible but can include day and early evening hours working with children ages 3-12 with handwriting delays, sensory integration processing delays, fine motor, and gross motor delays.  There are also opportunities for  school placements with DOE preschool and school age schools.

 Rego Park is centrally located, close to the LIE and 2 blocks away from Queens Blvd which makes it easier for families that rely on mass transportation, bus and train.   The 63rd Drive Train Station is only 2 blocks away from the office.  Families travel from all over Queens:  Middle Village, Maspeth, Glendale, Ridgewood, Williamsburg, Sunnyside, Woodside, Forest Hills, Howard Beach, etc. It is close to LIJ Forest Hills Hospital.
To discuss the specifics of either the  sublet or the Fall  job opportunity, please contact the practice owner directly! Visit our website for more information and pictures!
Ana C. Leguisamo, M.S., OTR/L

65-11 Booth Street, Unit CA
Rego Park, NY 11374
Phone: (718) 406-9296

readysetgrowot@yahoo.com

NO!!!!! The New York Freelance Law Now in Effect in NYC DOES NOT INCLUDE Therapists who are Independent Contractors

Lots of therapists sending me questions about  this new law in NYC  protecting Independent Contractors ( free lance workers)  that went into effect May 16, 2017, BUT IT DOES NOT PERTAIN to Independent Contractors who are licensed medical professionals. Here is the link to the bill. You will see that licensed medical professionals have been carved out and are not included in or protected by this new law.

http://www1.nyc.gov/assets/dca/downloads/pdf/about/Freelance-Law.pdf

Part Time Pediatric OT position in Prestigious Private School in Riverdale, NY available for September 2017.

Join a team of talented OTs working in a fully equipped Sensory Gym within a private school in Riverdale NY.  The position is part time starting in September 2017  but will likely increase to full time during the Fall/Winter academic year.  This is a opportunity to work with both pre school and school aged children (3- 14 years of age) with sensory processing disorders, learning disabilities and ADHD.  It is a per diem position with flexible scheduling and ongoing supervision.

The Riverdale( Bronx) NY is convenient to NYC, lower Westchester and New Jersey.

For details, questions and to discuss the position, please contact the practice owner and submit a resume.

Shula Spivack MA OTR
Shuli4ot@gmail.com
PH: 718-213-8852; 718-581-0518
www.sensoryplay.com

Today is the Last Day for Early Rate Registration – Live Webinar June 8th! The Ins and Outs of Selling Your Private Practice

 

Live interactive webinar 6.8.2017 7:30-9:30 PM EST

If you envision a time when you will sell your practice, never forget that the best way to build a practice is to build it as if you’re going to sell it. It has to be built to last.

The sale of your practice should start long before it is announced publicly. Proper preparation is essential.
Not since the consolidation in our industry back in the 90’s has there been so much interest in therapy practice sales, mergers and consolidations.  Regardless of whom you might end up selling to, two points to always keep in mind are that (1) anything that increases the volume or the security of future revenue will increase the value of your practice, and (2) what makes your practice valuable to you will make it valuable to a buyer.

Learning Objectives:

1) Understand the specific criteria used to determine the valuation of a practice, including EBITDA, goodwill, infrastructure etc. and what are viewed as value makers versus value takers in the industry.
2) Understand the steps necessary  to prepare your practice to bring it to market and when to get this process started
3) Find out the financial preparation and forms you need to have in place and for review during   due diligence
4) Discuss differences between an outright acquisition, merger, and structured buy in and what determines the best fit for your scenario
5)  Discuss the pros and cons of using a broker or intermediary and what makes a qualified buyer
6)  See what you need to do so that you can answer the #1 question: “Can this practice exist without you?”
7)  Understand the steps necessary in selling a practice including non disclosure agreements (NDA), letters of intent (LOI) and purchase agreements.

This webinar is to take the angst out of selling a practice and present the information in user friendly, logical steps. The issue will be presented from both the perspective of the buyer and the seller. Live Q/A!

This webinar is presented by Iris Kimberg, MS PT OTR
CEO of NYTherapyguide.com who, on her own, sold her therapy agency in a multi million $ deal to a Fortune 500 company. She has worked on valuations of many  practices and helped sell over a dozen OT PT and ST practices in the last 7 years.

If you cannot make the live webinar, you will be able to access the recorded version 24/7/365.  All registrants will have access to the recording.
Ask questions live.  Watch from your home on your desktop, laptop, ipad or smart phone. Iris has presented this material for the APTA PPS conference and privately to over 300 therapists.

Today is the last day for early rate registration.

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Where are the Children??? A Letter to Congress and the White House from the Nation’s Children’s Hospital

Reprinted from April 23rd’s Sunday NY Times because it is just that important.

The health care debates for the past decade have focused on adults – their coverage, their benefits and how to pay for it. Medicaid, providing health care for over 70 million Americans, has been front and center of the Affordable Care Act and American Health Care Act debates. The fact that 30 million children receive their health care through Medicaid is almost never discussed. We are dismayed and alarmed national policy debates over Medicaid continue without the needs of nearly half of our country’s children considered first and foremost.
Children represent the future of the United States.

Where are kids in these discussions? Do Congress and the White House see safeguarding children’s health care as a national priority?  The reality is although children are 25 percent of the population, we spend less than 10 percent of the federal budget on them. And, kids can’t vote.

As the debate about health care for adults continues, the risk of collateral damage to children through inadvertent budget cuts is high and unrecognized. Our nation’s leaders should be protecting children, and the decisions you make now will impact their lifetime health. A child today has on average 60 or more years of productive life ahead if we choose wisely.

A stronger future for the United States depends on the health and well-being of today’s children. On behalf of the millions of children and families we serve, we call on Congress and the White House to make children the strong bipartisan priority they must become for our nation to have a brighter future.

Sincerely,
The Presidents, CEOs and Executive Directors of the nation’s children’s hospitals

Craig T. Albanese, M.D. NewYork-Presbyterian
Steve Allen, M.D. Nationwide Children’s Hospital
Michael R. Anderson, M.D. UCSF Benioff Children’s Hospitals
Meri B. Armour Le Bonheur Children’s Hospital
Michael D. Aubin Wolfson Children’s Hospital  of Jacksonville
Richard G. Azizkhan, M.D. Children’s Hospital &  Medical Center
David J. Bailey, M.D. Nemours Children’s Health System
Madeline Bell The Children’s Hospital  of Philadelphia
John Bishop Earl and Lorraine Miller Children’s Hospital
Robert I. Bonar, Dr. H.A. Children’s Minnesota
Patrick J. Cawley, M.D. Medical University of South Carolina Health and Children’s Hospital
Bob Connors, M.D. Helen DeVos Children’s Hospital
William H. Considine Akron Children’s Hospital
Kimberly Chavalas Cripe CHOC Children’s
James D. Dahling Children’s Hospital  of The King’s Daughters
Christopher G. Dawes Lucile Packard Children’s Hospital and Stanford Children’s Health
Susan Distefano Children’s Memorial  Hermann Hospital
Marcy Doderer Arkansas Children’s Hospital
Jonathan M. Ellen, M.D. Johns Hopkins  All Children’s Hospital
Luanne M. Thomas Ewald Children’s Hospital of Michigan
Mike Farrell Advocate Children’s Hospital
Deborah Feldman Dayton Children’s Hospital
Sandra L. Fenwick Boston Children’s Hospital
Michael Fisher Cincinnati Children’s Hospital  Medical Center
Christopher A. Gessner Children’s Hospital of Pittsburgh  of UPMC
Guy Giesecke Children’s of Mississippi University of Mississippi  Medical Center
Keith D. Goodwin East Tennessee Children’s Hospital
Luke Gregory Monroe Carell Jr. Children’s Hospital at Vanderbilt
Kimberly Guy St. Joseph’s Children’s Hospital
Jena Hausmann Children’s Hospital Colorado
Donna Hyland Children’s Healthcare of Atlanta
Barbara Walczyk Joers Gillette Children’s Specialty Healthcare Minnesota
Paul A. King University of Michigan C.S. Mott Children’s Hospital
Narendra Kini, M.D. Miami Children’s Health System
Thomas D. Kmetz Norton Children’s Hospital
Larry Levine Blythedale Children’s Hospital
Patrick M. Magoon Ann & Robert H. Lurie Children’s Hospital of Chicago
Joan Magruder St. Louis Children’s Hospital
Rick W. Merrill Cook Children’s Health Care System
Robert L. Meyer Phoenix Children’s Hospital
Donald Mueller Children’s Hospital at Erlanger
John D. Nash Franciscan Children’s
Elias J. Neujahr The Children’s Hospital of San Antonio
Kurt Newman, M.D. Children’s National Health System
Randall L. O’Donnell, Ph.D. Children’s Mercy Hospital  and Clinics Kansas City
Giovanni Piedimonte, M.D. Cleveland Clinic Children’s Cleveland Clinic Children’s Hospital for Rehabilitation
Jeff Poltawsky UW Health American Family Children’s Hospital
David L. Reich, M.D. The Mount Sinai Hospital/Kravis Children’s Hospital
Charles L. Schleien, M.D. Cohen Children’s Medical Center
Mark Shen, M.D. Dell Children’s Health
James E. Shmerling, DHA Connecticut Children’s  Medical Center
Edwin Simpser, M.D. St. Mary’s Healthcare System  for Children
Martha B. Smith Kapi’olani Medical Center  for Women and Children
Cynthia N. Sparer Yale New Haven Children’s Hospital
Jeff Sperring, M.D. Seattle Children’s
Johnese Spisso UCLA Health UCLA Mattel Children’s Hospital
Sheldon Stein Mt. Washington Pediatric Hospital
Todd A. Suntrapak Valley Children’s Healthcare
Peggy Troy, RN Children’s Hospital of Wisconsin
Paul S. Viviano Children’s Hospital Los Angeles
Mike Wagner, M.D. Floating Hospital for Children  at Tufts Medical Center
Mark A. Wallace Texas Children’s Hospital
William Michael Warren, Jr. Children’s of Alabama
Steve Woerner Driscoll Children’s Hospital
Brenda J. Wolf La Rabida Children’s Hospital
Mark Wietecha Children’s Hospital Association

Manage Your NYC DOE Contract in the Most Efficient Way Possible

eWebStaffing Medical Staffing (Web Based) Management System was designed specifically to help  small, midsize and growing Contract Agencies manage their New York City Board of Education Contracts in the most efficient, compliant and cost effective manner.  By utilizing eWebStaffing, you can make sure you are in total compliance with your DOE contract and:

  1. Securely “Import” your Agency’s Assigned Mandates/Students directly from SESIS extract file
  2. Fully enforce Mandated Session’s Frequency, Duration and Group Size
  3. Prevent Therapy Sessions from “Overlapping”
  4. Attach Session “Notes Image” for each Therapy Session
  5. Generate “RSA 7a” Forms with “Electronic Signatures”
  6. Allow Therapists to enter their own Completed Session’s information into eWebStaffing via Therapists Portal
  7. Generate DOE Billing Portal Upload File directly from eWebStaffing

Right now the following agencies are currently using eWebStaffing System to manage their NYC DOE Contracts:

      1.  Gotham Per Diem        2.  Legendary Therapy   3.  Perfect Playground
4.  Salveo Healthcare        5.  Greatest Tutors
6.  Aim High Speech & OT Services

We would welcome the opportunity to work in conjunction with you and help you avoid the “now what” moment when it comes to fulfilling the DOE contract you worked so hard to get. Please contact PS Medical Systems at your convenience to discuss ways your Agency can potentially benefit from utilizing our eWebStaffing System.

 Thank you.

Alex Plotkin

PS Medical Systems LLC
75 Maiden Lane  3rd Floor
New York, NY 10038
(212) 379-6445 Office  (201) 458-4203 Mobile
info@psmedicalsys.com
www.psmedicalsys.com

Immediate Opening for a PT in a Dynamic Multi-Disciplinary Practice in Upper Westchester NY

A very well established multi -disciplinary PT/OT  practice in Cross River, Westchester County is seeking a permanent per diem physical therapist to join our team. We are looking for an experienced therapist who is available to work a combination of morning and evening shifts; typically 7:30AM-3:30PM or 11 AM- 7:30 PM.  Ideal candidate will possess extraordinary interpersonal skills, at least 2-3 years of experience, and will be joining a team of four physical therapists and one occupational therapist.

We see a traditional cross section of patients of all ages with various types of acute and sports related injuries, with about  30% Medicare patients and the rest  private insurance or self pay. The office is an easy reverse commute from NY and very close to Connecticut.

Must be able to work independently with minimal supervision. Competitive compensation offered. Please email resumes and any questions you may have  to: frontdeskresumes1@gmail.com .

For additional information about the practice and its affiliates, please visit http://www.yorkvillept.com/

Two GREAT WEBINARS this Spring – Sign up for both and get 15% back

Upcoming Spring Webinars – listen from the comfort of your home or office. have access to the recording  and powerpoint 24/7/365.  Register for both and get 15% back

(1) April 26th- 7:00- 9:00 PM  Ask Questions Live.  

All About the Legal and Financial Implications of Insurance Audits and How to Prepare.  Guest speakers – Barry Cepelewitz MD Esq. and Roy  W. Breitenbach, Esq

(2) June 8th 7:30-9:30 PM – The Ins and Outs of Selling a Private Practice