Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 321

Third Annual Industry Report

Posted by fidest press agency su giovedì, 20 giugno 2019

WebPT, the market-leading software platform for outpatient rehab therapists, released its 2019 State of Rehab Therapy report detailing the findings from its recent industry-wide survey of more than 6,000 physical therapy, occupational therapy and speech-language pathology professionals from an array of specialties, settings and geographic locations. According to the report, the biggest challenges facing the rehab therapy industry today include provider burnout, increasingly complex payer relationships and mounting student debt.Organized into five sections — demographics, business and financials, challenges and opportunities, salary, and technology — the report presents data on job satisfaction, billing and reimbursements, revenue, practice size, patient volume, career outlook, top challenges and technology preferences. Key findings include:Within the next five years, more than 51.9 percent of rehab therapy professionals are considering a career change, with many looking to either reduce work hours or move into non-clinical roles.
As organizations get larger, they are increasingly participating — or planning to participate — in value-based payment programs. In fact, more than 25 percent of 21-plus-provider companies report that they already participate in such programs.
About 23 percent of all respondents reported being involved in a merger or acquisition within the last five years.
More than half of rehab therapy graduates will have more than $70,000 in student loan debt, and nearly 25 percent will owe more than $100,000. However, overall, students reported slightly lower levels of debt in 2019 compared to 2018, with the percentage of students owing $0 at graduation jumping from 8.3 percent in 2018 to 13.5 percent in 2019.
Nearly 80 percent of organizations require a physician referral for new patients even though some form of direct access to physical therapy is available in all 50 states.
High copays and coinsurances were the top-ranked regulatory issue in terms of impact to the rehab therapy community, regardless of respondent role, longevity or sex.

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