Great Office Shares Available next to Established Speech Therapy Practice* in Central New Jersey

Professional Office building – Manalapan, NJ

There is currently 800 square feet available which can be subdivided into (2) 400 square foot spaces. The space offers a common waiting room and 2 bathrooms, and is ADA compliant. The asking rent $500 for 400 square foot unit or $1100 for whole 800 sq. feet. This space is ideal for any type of allied healthcare professional including OT, PT, ABA, psychological, nutritional, and academic support professionals. The surrounding area is home to two local hospitals, many day care centers, and schools. There is a great deal of foot traffic in the area because of shopping venues close by.

*The speech practice in the adjacent space is a long term and well established private practice specializing in providing diagnostic and therapeutic services for children with speech, language and feeding delays. The speech practice has a steady flow of referrals from surrounding pediatricians, day care centers, schools, and families in the community. Majority of children present with global delays and often require additional services, so there is a built in referral source.

For info: please contact the landlord directly at:
732-513-1554. or EliBlitzer@aol.com

Complaining is Hard to Avoid, but Try to Do it With a Purpose

We may all dread the patient or family member who complains, yet there are ways to make complaints in positive experiences, or as this great NYTimes article details:
some complaints can serve as icebreakers or bonding experiences.
Check out the full article.   The concept of complaints, service recovery models and how to encourage your staff to “embrace” the complaint are covered in the webinar, Put a Little Disney in Your Practice – Looking at the Service Experience you Provide  now available on demand 24/7/365.

Boutique Pediatric Practice/Sensory Gym for Sale – Riverdale NY

Kids in Motion, a wonderfully designed, fully equipped, pediatric sensory gym is available for purchase, as the owners explore other options after serving this community for the last 8 years. This is an Occupational Therapy practice but is also very suitable for pediatric physical and speech therapists. It is located in a Class A ADA compliant professional building, in the highly desirable Riverdale section of the Bronx. The gym is accessible via mass transit by the BX 20, BX 10, BXM1 and BXM2. By car, it is adjacent to the Henry Hudson Parkway a couple of blocks from the 232nd street exit.

The office is approximately 2000 sq. feet and has a large well lit sensory motor room with many pieces of equipment to provide vestibular and proprioceptive input. There is a large, comfortable waiting room and two wheelchair accessible bathrooms within the office. In addition, there are two separate rooms that can serve speech therapists, social workers or psychologists as sub renters. The sensory gym has a Southpaw support structure with multiple extensions for a variety of equipment options such as a rock wall, 5 foot loft, and a scooter board and ramp which can be connected to a wall ladder or used alone. The gym can accommodate 4 practitioners: 3 practitioners in the sensory motor area and one practitioner in a fine motor area. There is an active data base of long time referral sources and past patients. Owners are willing to stay on for a reasonable transition period.
This practice represents a wonderful opportunity for an existing pediatric practice to add on a new satellite location, or for a pediatric therapist looking for a very solid foundation upon which to instantly jumpstart a private practice. This opportunity is full of potential for the right therapist and can generate a tremendous return on investment.

Serious inquiries please
contact:

Sam Noronha, OTR/L
Kids In Motion OT, PLLC
718-601-7400
postkr54@msn.com

Asking Price: $75,000

Great Sublet /Office Share Available in Tribeca 6.15.2013

Well established pediatric physical therapist/biodynamic craniosacral therapist has a lovely workspace to share in Tribeca (convenient location on lower Broadway). Ideal for pediatric physical/occupational therapist or or massage therapist, body worker, acupuncturist, private yoga classes etc.
7oo square feet with 2 separate rooms, small gym area with suspension system from the ceiling and another room for bodywork with massage/ treatment table. Internet also available. There are beautiful views from both rooms of lower Manhattan and the Hudson.

The space is 2 days per week at a very reasonable rent or on an hourly basis.
For details, please contact the practice owner directly at cprocopio@dolphinwisdom.net. or call 917-548-3664.

The Under Utilized Buy in- Buy Out Option

When the older  TV doctor Marcus Welby MD, took on the younger, dashing Steve Kiley MD as a partner, beside being a rating coup, he probably orchestrated  the first televised  buy in to a medical  practice  ( sorry readers born after 1970, you may have to Google them). Many physician medical groups are set up to potentially allow other physicians  to become partners  (or buy in) to  the medical group if both sides are amenable, over a period of time. This affords the older physician to ability have a balanced  lifestyle, a  contributor to the generation of revenue for the practice, a built in colleague, someone to share overhead expenses, and the right person who can pay them to own a portion, and then buy them out upon retirement.

There are  many established, well seasoned  therapists in private practice that  do not  have an exit strategy, built in or otherwise in their practice model, and an outright sale to a third party may be difficult to bring to fruition. Likewise, many younger therapists are on the fence about taking the plunge into private practice because of economic concerns, the competitive market place and the lack of access to start up funds to build or buy an existing practice outright.  The buy in may be a viable, workable option for both parties. It is never too late for any private practice to do some restructuring and offer a buy in option ( either for existing staff or a therapist new to the practice).  It is never too early for any therapist seeking employment in a private practice to inquire whether a buy in option does, or potentially could, exist.

Structuring the Buy In – There are many ways the buy in can be structured. The basics typically include multifaceted mutual decisions, including  what the buy in price is, which requires a practice valuation by the primary owner. Ownership  price should include, at a minimum, the value of the practices’ furniture, fixtures and equipment ( FFE) allocable to the equity interest being purchased by the new owner – for example, 30% of the FFE if the new owner is purchasing a 30% interest in the practice.   The buy in price will be a percentage of the total value, usually divided equally among all of the partners. Thus, if there are already two partners, you would be the third partner, and the total practice value would be divided by 3 to determine your buy-in amount.  Group practices have different cultures that influence how the ownership is divided. The price should also account for the new owner’s pro-rata interest in the practice’s accounts receivable (AR). The practice can either require the new equity owner to purchase the value of the AR allocable to the equity interest it is purchasing or allocate the existing collectible accounts receivable directly to the existing owners, payable to them over a pre determined period of  time ( ie.12-24 months).

Realistically it almost always  make the most sense for the  buy-in  to occur over several years. If  the buy-in is structured over 3 years, every year a  third of the total buy-in price is paid until. you become an equal partner with the others in the group. Additionally, buy-ins spanning several years are often structured as deductions from your annual salary. So if the buy-in payment is $50,000 for each year, instead of paying cash, your salary would be reduced by $50,000 each year.

If you are paying the amount of the buy-in during a period of time, the agreement should specify the interest rate, frequency, and duration of your payments.

As an equity shareholder you will also be responsible for buying out the share of any partner leaving the group. The buy-out structure is equally important, and often times what is called a  force buy-sell. If someone leaves for any reason (retirement, death, moving ) the remaining shareholder(s) is obligated to buy that party out. The buy-out is typically paid over time and, for tax purposes, usually part of it is structured as a combination  of stock  and deferred compensation.

In addition to consulting with the right attorney and accountant, it is equally important that the therapist on both side of the equation are a good fit. A brilliantly crafted contract will be meaningless if there is not first a sound compatibility on practice standards,and  ideas for growth and development between the parties.

This will appear in the May 13th edition of OT Advance, Taking Care of Business column, which Iris has been writing since 2004.  The complete set of 76 columns – When a Column Becomes a Body of Work is available for sale ($45)

Great Opportunity for a PT to partner with an Existing Practice – Queens NY

Outpatient Occupational Therapy office looking to expand and include PT services.
Currently the practice is a PLLC, established for Hand therapy, Lymphedema therapy, Upper extremity rehabilitation outpatient office servicing Bayside, Queens and neighboring towns. The office began in Flushing but has since relocated.

The office is about 1500 sq ft, ADA compliant and is in a great location in Bayside, Queens with treatment rooms, gym, equipment, and parking for clients. It is located near several major medical office buildings in busy section of town. Office is centrally located and easily accessible by public transportation. This is a great opportunity for someone who is interested in joining a private practice but lacks their own capital to start from scratch. Office/business has been up and running for almost 2 years and has recently relocated offices in order to accommodate increasing volume.

Practice has a strong referral base from local physician groups including several orthopedists.

The practice is looking for a committed and skilled candidate who is interested in joining a private practice partnership as part of the PLLC.

For more information please contact Amy 718-888-7727. Serious Inquiries Only.

Fantastic Opportunity for Peds OTR to become Director of Clinical Services for Pediatric Center in New Tampa, Florida

Seeking a motivated, self directed and experienced pediatric Occupational Therapist to oversee the management and running of a new state of the art pediatric therapy center. This includes setting and implementing guidelines for the program. We are truly committed to giving you the technologies and the resources you need to make a difference.
Must have 7 plus years supervisory experience, and in state contacts for staffing, as well as strong clinical, communication and organizational skills for working with patients, families and caregivers.

We are offering a $10,000 Sign On Bonus and we’ll reward your dedication and performance with a comprehensive benefits package that includes medical insurance, retirement savings plans, and paid time off. All qualified applicants will receive consideration for employment without regard to, age, race, color, religion, gender, sexual orientation, national origin, disability or veteran status. Drug-Free Workplace.

Email your resume directly to Alan at bitbybit22@verizon.net

Table of Contents – When a column becomes a body of work

TABLE OF CONTENTS- 76 columns. 76 actionable ideas. Purchase the book now!

PAGE
Introduction 4
Make it Your Business 5-6
The Shape of Things to Come 6-7
What’s Your Marketing Plan Going to Be 8-9
Independent Contractors vs. Employees 9-10
Can You Replicate Success in Another Location 9-11
Choosing the Legal Structure for Your Practice 12-13
Evaluating Your Position in Managed Care Contracts 14-15
The Fiscally Fit Practice Part I and II 15-18
Protecting Your “Ship” from Mutiny 18-19
Everything You Need to Know about Coding Part I and II 20-23
Preparing to Sell Your Practice 24-25
Applying Stark Law in Your Practice 25-26
Practicing as a Partnership 27-28
Location, Location, Location 29-30
Your Moral Compass 31-32
Opening Your Own Contract Agency.32-33
Medicare Part B Exceptions 33-34
Understanding the Medicare Cap 35-36
Handling No Shows and Cancellation 37-38
Intellectual Property and Copyrights 38-40
Trademarks 101 40-41
Beyond Your Website, Succeed Online 42-43
Global Fees/Flat Fee Methodology, We Must Say No 43-44
Participating IN CMS’s QM Reporting 45-46
Practice Management Software Options Available 46-47
Practice Vital Signs to Be Aware Of 48
Risk Management When Offering Related Services in Your Practice 49-50
NPI Numbers – What You Need to Know 50-51
Understanding Your Malpractice and General Liabilities Insurance Policies 52-53
Value Purchasing Part I and II 53-56
Planning For a Crisis – The Need for a Continuity of Operations Plan 56-57
Private Practice Questions and Answers 58-59
Business Communications Strategies Part I and II 60-63
Managing In Hard Economic Times 63-64
Health Insurance for the Self Employed 65-66
Private Practice – a Family Matter 66-67
Retirement Plans for the Self Employed 67-68
Keeping Employee Records – What You Need to Know Part I and II 69-72
Maintaining Financial Health in Your Practice 73-74
The Need for a Policy and Procedure Manual 74-75
How We Are Shaping OT’s Personna 75-76
Compliance with Marketing and Advertising Plans 76-77
If Disney Ran Your Practice 77-78
Are OT’s Ready to Embrace Direct Access 79-80
Healthcare Reform and Private Practice 80-81
What the New ICD-10 Means to You 82-83
Pursuing a More Perfect Practice 84-85
Plan for Summer 2013 Now 85-86
Whys OTs Need a National Directory to Reach Consumers 86-87
Strategic Alliances in Healthcare – Lessons Learned from the Wizard of Oz 88-89
Patient Satisfaction Takes Center Stage in the Healthcare Arena 89-90
The New Look of Competition.91-92

Two New Physical Therapy Overseas Volunteer Opportunities Launched by HVO

HVO Launches Physical Therapy Program in

Blantyre, Malawi 

[Washington, DC - April 9, 2013] Health Volunteers Overseas is delighted to announce the launch of its new physical therapy program in Blantyre, Malawi at the College of Medicine Programme in Physiotherapy (COMPT).Blantyre, Malawi

COMPT has launched a Physiotherapy BSc (Hons) Programme to provide the Malawi health sector physiotherapists with knowledge, skills and relevant competencies to provide rehabilitation services, supervise diploma level technicians and manage district and central hospital rehabilitation services. The course will produce graduates to form a pool of students for further training into MSc and PhD programmes.  

 

The goals of this program include providing evidence-based continuing professional development courses for academicians and clinicians to improve teaching, clinical reasoning and/or clinical practice in the areas of: foundational sciences, cardiovascular and respiratory physiotherapy, integumentary physiotherapy, musculoskeletal physiotherapy, neuromuscular physiotherapy, obstetrical-gynecological physiotherapy and pediatric physiotherapy. In addition, volunteers may also assist with the education of the BcS students.

Volunteers for this program may be retired or in active practice with a current license. All areas of expertise are accepted and prior teaching/training experience is preferred. Volunteers will be required to submit their CV and a letter detailing the content they are qualified to teach. Volunteers involved in clinical teaching and training may be required to complete registration with the Malawi Medical Council. Those volunteers teaching non-clinical courses will not be required to complete this registration. Standard assignments are 4 weeks, though 2 week assignments may be considered depending on the course.

 

HVO Launches Physical Therapy Program in

La Paz, Bolivia

[Washington, DC - April 4, 2013] Health Volunteers Overseas is delighted to announce the launch of its new physical therapy program in La Paz, Bolivia at Hospital Arco Iris (HAI) in partnership with HOPE worldwide.
La Paz, Bolivia

This program seeks to improve the quality of physical therapy services to patients at HAI by updating and broadening local therapists’ skills and knowledge of physical therapy theory. Specific clinical training is needed in cardiopulmonary, stoke/trauma, orthopaedics and pediatrics. HVO volunteers will spend four days a week in the clinic providing demonstrations and consultations with therapists and physical therapy students rotating through HAI. One day a week will be set aside for formal lectures, case presentations, etc. Assignments will be two to four weeks in length.

Volunteers should have a minimum of 3 years experience. They must be able to speak Spanish at an intermediate level in order to communicate with the staff and patients in the clinic. A translator will be provided for formal lectures.

HAI is a large component of Foundation Arco Iris (FAI), a non-governmental organization that strives to serve the poor and homeless population of children, teenagers, and young adults living on the streets in La Paz. FAI provides many services to these youth including a place to sleep, food, health care, clothing, education, technical training, and psychological support for their personal improvement. Children make up the majority of the patients seen at HAI with a large number suffering from respiratory illness, trauma, and orthopaedic issues. However, patients of all ages are seen at HAI. Learn more by visiting the FAI website.

HOPE worldwide is an international charity that changes lives by harnessing the compassion and commitment of dedicated staff and volunteers to deliver sustainable, high-impact, community-based services to the poor and needy. You can learn more about the charity and their partnership with FAI by visiting their website.

For Immediate Release
Health Volunteers Overseas

Contact: April Pinner 
Phone: 202-296-0928 ext 15

 

Health Volunteers Overseas is a private, nonprofit organization founded in 1986 to improve global health through the education of local health care providers. In 26 years of service, HVO’s training has transformed lives through the design and implementation of clinical and didactic education programs in child health, primary care, trauma and rehabilitation, essential surgical care, oral health, blood disorders and cancer, infectious disease, nursing education and wound management. In more than 25 resource-poor countries, HVO volunteers train, mentor and provide critical professional support to health care providers who care for the neediest populations in the most difficult of circumstances. For more information, visit the HVO website.