Guest guest Posted March 13, 2006 Report Share Posted March 13, 2006 My understanding is that yes, you can sell bands, balls, etc. but then you have to report state sales tax, keep additional accounting, etc. It seems to be a bigger bother than it's worth unless you sell a lot of " the stuff " . Matt Capo, PT Accelerated Physical Therapy and Occupational Health, Inc. Kiln and Bay St. Louis, Mississippi Charging for therabands/non DME supplies in PT clinic Hi Group, 1. Just wondering if it we can charge (from patient) for products like therabands? 2. Also, can PT clinics sell related exercise products like physioballs, hot/cold packs and other non DME products (like canes, tennis elbow bands, wellness/fitness books etc.) to patients/non patients? Philips, PT Please identify yourself, your discipline and your location in all posts to PTManager Looking to start and own 100% of your own Practice? Visit www.InHomeRehab.com. PTManager encourages participation in your professional association. Join and participate now! Please identify yourself in all postings to PTManager. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 14, 2006 Report Share Posted March 14, 2006 Suzy-- I hope your CPA has warned you to pass the sales tax on to the State after the transaction and after obtaining a state sales tax permit. Otherwise, the service is a great help to your patients Norton, PT Suzy Powers wrote: We do sell take home supplies to patients and it seems fairly simple to me. We charge next to nothing in terms of a mark up so that we stay " ethical. " We cost out the product, and then add tax to the item and we sell it as the total cost. For example, athletic tape at cost of $2.00 plus 8%(WA state rate) sales tax equals $2.16 so we sell the roll of tape for $2.20. Our book-keeper tracks it in our books as income, balancing against our " cost of goods sold. " The CPA knows what to do for our end of the year returns. So, talk to your CPA in case mine has misinformed me on anything but it is a tremendous convenience for our patients. Then after discharge they wander back in once in awhile to p.u. supplies and they get to see all the new things we are doing and be reminded of us! Suzy Powers, PT New Motion Physical Therapy, Inc Bainbridge Island, WA Charging for therabands/non DME supplies in PT clinic Hi Group, 1. Just wondering if it we can charge (from patient) for products like therabands? 2. Also, can PT clinics sell related exercise products like physioballs, hot/cold packs and other non DME products (like canes, tennis elbow bands, wellness/fitness books etc.) to patients/non patients? Philips, PT Please identify yourself, your discipline and your location in all posts to PTManager Looking to start and own 100% of your own Practice? Visit www.InHomeRehab.com. PTManager encourages participation in your professional association. Join and participate now! Please identify yourself in all postings to PTManager. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 22, 2006 Report Share Posted March 22, 2006 I don't see the point in making our patients go to the billing department and paying for equipment out of pocket. In an attempt to be more service oriented, we distribute the items and incorporate the costs of the equipment into our budget. We re-evaluate our general fees yearly and adjust as needed. For braces, orthotics, etc., we send onto our ortho clinic who can bill for them. I am in a hospital based department. I have found a greater patient satisfaction this way, with less hassle for the patient. Just a suggestion. Matt Dvorak, PT Yankton, SD ________________________________ From: PTManager on behalf of Suzy Powers Sent: Wed 3/15/2006 1:47 PM To: PTManager Subject: RE: Charging for therabands/non DME supplies in PT clinic We do sell take home supplies to patients and it seems fairly simple to me. We charge next to nothing in terms of a mark up so that we stay " ethical. " We cost out the product, and then add tax to the item and we sell it as the total cost. For example, athletic tape at cost of $2.00 plus 8%(WA state rate) sales tax equals $2.16 so we sell the roll of tape for $2.20. Our book-keeper tracks it in our books as income, balancing against our " cost of goods sold. " The CPA knows what to do for our end of the year returns. So, talk to your CPA in case mine has misinformed me on anything but it is a tremendous convenience for our patients. Then after discharge they wander back in once in awhile to p.u. supplies and they get to see all the new things we are doing and be reminded of us! Suzy Powers, PT New Motion Physical Therapy, Inc Bainbridge Island, WA Charging for therabands/non DME supplies in PT clinic Hi Group, 1. Just wondering if it we can charge (from patient) for products like therabands? 2. Also, can PT clinics sell related exercise products like physioballs, hot/cold packs and other non DME products (like canes, tennis elbow bands, wellness/fitness books etc.) to patients/non patients? Philips, PT Please identify yourself, your discipline and your location in all posts to PTManager Looking to start and own 100% of your own Practice? Visit www.InHomeRehab.com. PTManager encourages participation in your professional association. Join and participate now! Please identify yourself in all postings to PTManager. Quote Link to comment Share on other sites More sharing options...
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