cost per visit calculation

[Guest guest]

Hello all,

 

For those that do this, do you include owner's bonuses in your cost per visit or

back that out of the expense portion of the calculation?

 

Thanks,

 

Steve Rapposelli, PT, OCS

Performance PT

Delaware

[Guest guest]

Owner profit or bonus is usually backed out, but for comparison purposes, a

standardization is made for owners salary.  Chuck Felder at HCS

Consulting (HCSconsulting.com) does a great job of compiling PT benchmarking

data and might be a good resource for you.  FYI - I am not financially

associated with Chuck in any way, but I do participate in his

annual benchmarking projects.

 

D. Judd, PT, MPT, OCS

Board Certified Orthopedic Clinical Specialist

Owner/Director:  Colleyville Physical Therapy & Sports Rehab, P.C. 

Work:      Cell:      Fax:  

www.colleyvillept.com   

To: PTMAnager

Sent: Monday, June 27, 2011 10:35 AM

Subject: cost per visit calculation

 

Hello all,

 

For those that do this, do you include owner's bonuses in your cost per visit or

back that out of the expense portion of the calculation?

 

Thanks,

 

Steve Rapposelli, PT, OCS

Performance PT

Delaware

[Guest guest]

In my PT Benchmark studies I standardize the owners wage to cover the labor

they provide to the practice, just as if they were a non active owner and

had to hire a manager. Any compensation above that is part of the profit

and not part of the expenses used to calculate cost per visit or cost per

licensed hour.

We also remove any " perks " they may take that they would not provide a staff

person.

Chuck

R. Felder, PT, SCS, MBA

HCS Consulting, Inc.

2275 S Main St, Ste 102 (New address effective 1/3/2011)

Corona, CA 92882

Mobile: (Pacific Time Zone)

Personal Fax:

Office:

EM: CFelder@...

<http://www.HCSconsulting.com> www.HCSconsulting.com

This message is personal & confidential.

From: PTManager [mailto:PTManager ] On Behalf

Of Rapposelli

Sent: Monday, June 27, 2011 8:36 AM

To: PTMAnager

Subject: cost per visit calculation

Hello all,

For those that do this, do you include owner's bonuses in your cost per

visit or back that out of the expense portion of the calculation?

Thanks,

Steve Rapposelli, PT, OCS

Performance PT

Delaware