Hit the Ground Running: 4 Steps to Take NOW As Businesses Open Back Up
May 27, 2020Industrial Therapist Interventions: What Are the Benefits to Employers?
June 26, 2020As a market changes, so must businesses. Flexibility and responsiveness to market conditions have long been recognized as foundations of success.
In our industry, we are currently witnessing a dramatic shift away from the old model of physician-based referrals and insurance-based revenues. As the market provides more industry-based referrals and direct cash-pay revenues, are you ready to cross the bridge and explore this fulfilling and profitable new frontier?
The KEY Network is designed to help you smoothly transition into this new business model, by…
- Giving you the tools to access expanding industrial Direct Pay markets
- Helping you develop additional revenue streams
- Positioning you to compete in today’s markets
- Protecting you from trends in declining treatment reimbursements
- Providing long term revenue security
Old market versus new market. If you were working under the old business model prior to Covid 19, you were already experiencing declining revenue trends, with significantly reduced reimbursements and heavily delayed payments.
By contrast, in the new model we are enjoying expanding revenue trends. Health care reforms have created more demand for illness- and injury-prevention services, with Industry paying directly for Pre and Post Rehab Ability Management interventions.
These Ability Management programs reduce Workers’ Compensation injuries and medical insurance costs for Industry. Meanwhile, fewer work days are lost due to illness and injury.
Most importantly, Ability Management programs are not tied to physician referrals or insurance reimbursement.
In that a .5 FTE Industrial Therapy employee can generate $208,000 annually, just administering RTW Functional Capacity Assessments, now is the time to cross the bridge into a market full of exciting new opportunities! Contact us to learn more about the KEY Functional Assessments Network and how it can help you revamp your business model.