As a therapist, there is no question that you are making a difference in the lives of the patients you work with. While it is great to know you are having a positive impact for others, it is also important that you are bringing in a sufficient income to support your needs and interests and that you continue your career and personal life growth.

You may, at times, find yourself in a rut – facing the challenge of looking to improve your finances or your career interest but feeling like the options are limited in your current work setting.

1. Multiple Streams of Income: Don’t put your “eggs in one basket” by limiting your income to a single paycheck. Use your therapist skills to build additional streams of income, helping to diversify the money that you receive each month. These options open up financial possibilities and add personal satisfaction for the future.
2. Higher Earning Potential: Most people mistakenly assume they need complex new skills or a big financial investment, such as one would find with a purchase of property, to boost their income. The truth is that alternative options are available within the profession that are not complex and utilize current skills, with only a small amount of additional training. Adding that additional stream of income, however, puts the power back in your hands to give yourself a raise and take more control of your earning power.
3. Avoid Traditional Medical Insurance Billing: A recent survey found that many medical professionals are facing issues due to declining reimbursements and increasing insurance regulations. It can be a challenge to maintain a profitable therapy clinic when you are battling the frustration of dealing with stubborn insurance companies. Instead of dealing with the headache of traditional medical insurance billing, alternative income options are available.
4. Industrial Therapy … The Void is There – The Need Exists: Creating a new stream of income is the best pathway forward if you want to ensure more freedom of time and opportunities. If you are or are NOT providing Industrial Therapy, consider the following…
   • Same Product/New Market: If you are already delivering FCAs/FCEs to Workers’ Comp primarily through physician referrals, reach out to the Auto Insurance market to facilitate accuracy and expediency of claims closure.
   • New Product/Same Market: If you are already working with Employers with Prior-to-Hire Assessments, add Healthy Worker Audits and Return from Family & Medical Leave Assessments.  Also, move into ergonomic screens and employee health and well-being education programs.
   • New Product/New Market: Are you not doing Industrial Therapy yet?  Employers need you and your skills.  Add an established successful product/service to a market that is delightful to work with.  Build a professionally rewarding and profitable business model around it.

At KEY Network, we’ve developed a proven system that can be used by Physical Therapists, Occupational Therapists, Athletic Trainers and other medical professionals. These employee assessments can be used to build this additional stream of revenue – while improving workplace safety, decreasing the risk of Employee injury, and helping Employers minimize the cost of Workers’ Compensation Insurance. For more information about using these assessments in your therapy career or business, contact us today!