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The Hard Facts: If you listen close enough, punctuating every one of the statements above you will hear the sound of another nail being driven into that practices coffin Unlike other, largely cash-based healthcare professionals, therapists in particular have built a dependency on insurance companies over the years With the advent of managed care and reimbursement problems a different operating basis is needed To avoid rationalizing the situation and thus continuing to decline, a practice owner should have a mix of pro-active solutions This would include financial planning for profitability, methods of attracting cash-paying patients, tight control over billings and collections, and ensuring that staff are accountable for productivity
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