Re: U.S. Physical Therapy

[Guest guest]

I had a PT friend who went in partnership with them in a rural area many

years ago and for the first few years it was OK, but then the crunch started

and

it really wasn't a partnership. It was corporate healthcare and lots of

managers sitting around making decisions based on numbers. The end result was

not good.

Bubba Klostermann OT, CVE, CEAS

CEO, WORK & REHAB

4546 South 14 th

Abilene, Texas 79605

phone:

fax:

email: bubklo@...

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[Guest guest]

RUN! Run as fast as you can the other way! I know someone local who went

through them and regrets it everyday. I checked into them, did the visit here,

did the tour and interviews in Houston. I saw a big production, a lot of show,

a lot of talk. But the bottom line was, at that time, they get 70%, you get

30%. I ended up buying my own clinic and don't owe anyone! Call me if you have

other questions.

Amy Marshall, PT

Fred wrote:

Can anyone comment on U.S. Physical Therapy?

Thank you.

Fred Shonkwiler, MPT

St. ph, MO

---------------------------------

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[Guest guest]

Fred,

They are a decent company. They will pay for the set up and help you

manage your new facility. They will even help you hire and fire.

The general schtick is that they will pay you $5K over what you are

making in your current job and take a percentage of the profits of your

new clinic.

I looked into them a couple of years ago. I was impressed ... to a

point.

What you have to watch out for is the extra % that they take. They

will allude to it when you come to interview (they pay for that as

well - travel is covered to Houston). Instead of them taking the

percentage that they initially discuss, there are a few more percentage

points that come up later that will reduce your take.

Like I said, they are very nice and helpful. I genuinely like the

staff and the administration. If you want someone to hold your hand

and you do not mind REALLY paying for it, then it is for you.

My best suggestion is that you do it yourself. If you are not business

savvy, then there are resources out there to help you that will not

cost you as much in the long run.

And remember, US Physical Therapy is doing this for profit. They want

you to be genrally happy, but they will also want you to be productive

and work along certain guiderlines with certain equipment that helps to

maximize their (and your) profit. It is a business...period.

Lane Blondheim, PT, MT

Active Health and Rehab

Montgomery, AL

>

> Can anyone comment on U.S. Physical Therapy?

> Thank you.

>

> Fred Shonkwiler, MPT

> St. ph, MO

>

[Guest guest]

On the surface they look good --- but when you really investigate--they run

their stuff like any other big corp does---they want to see volume---and then

quality goes downhill--then you say to yourself ---what the heck was I thinking

getting involved in something like this------U ARE BETTER OFF ON YOUR OWN----ALL

PT PRACTICES SHLD BE PRIVATELY OWNED

RON

bubklo@... wrote:

I had a PT friend who went in partnership with them in a rural area

many

years ago and for the first few years it was OK, but then the crunch started and

it really wasn't a partnership. It was corporate healthcare and lots of

managers sitting around making decisions based on numbers. The end result was

not good.

Bubba Klostermann OT, CVE, CEAS

CEO, WORK & REHAB

4546 South 14 th

Abilene, Texas 79605

phone:

fax:

email: bubklo@...

This e-mail and any files transmitted with it are the property of WORK &

REHAB, are confidential, and are intended solely for the use of the

individual or entity to whom this e-mail is addressed. If you are not

one of the named recipient(s) or otherwise have reason to believe that

you have received this message in error, please notify the sender and

delete this message immediately from your computer. Any other use,

retention, dissemination, forwarding, printing, or copying of this

e-mail is strictly prohibited.

[Guest guest]

I saw some news item that they closed 190 clinics in the US. The clinics

closed were seeing only 8-10 patients per day.

Hiten Dave' PT

Re: U.S. Physical Therapy

RUN! Run as fast as you can the other way! I know someone local who went

through them and regrets it everyday. I checked into them, did the visit

here, did the tour and interviews in Houston. I saw a big production, a lot

of show, a lot of talk. But the bottom line was, at that time, they get 70%,

you get 30%. I ended up buying my own clinic and don't owe anyone! Call me

if you have other questions.

Amy Marshall, PT

Fred <fredandtricia@ <mailto:fredandtricia%40sbcglobal.net> sbcglobal.net>

wrote:

Can anyone comment on U.S. Physical Therapy?

Thank you.

Fred Shonkwiler, MPT

St. ph, MO

---------------------------------

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[Guest guest]

US PHYSICAL THERAPY

Sounds great on the surface but really read the fine print. Owning your own

practice is a great thing but focus on that OWN word. You are a part owner but

only if you consider 35% ownership fair. You do all the work, you have all the

connections, you do all the marketing and give 65% of your revenue to a major

healthcare corporation. Oh, but they will tell you that they will guarantee you

a salary (you're lucky if you get 60-70k to start--but you'll have bonuses). I

say that if you have the connections and the drive to open your own practice

then do it yourself. For what it takes to open a practice, take the risk

yourself and just do it!!

Just my 2 cents.

Mike Connors, PT

Lancaster, PA

_____________________________________________________________________

PrivatePhone - FREE telephone number & voicemail.

A number so private, you can make it public.

http://www.privatephone.com

[Guest guest]

I agree with Dave, Run as fast as you can. If you are looking to open your own

clinic,contact the Private Practice of the APTA and they will help and give you

all the information you need and contacts to help you. Why owe someone 70% of

your hard work????????????? Good luck

Russ Nieland, PT,Cht,CEO

Northern Arm and Hand Center

NorthStar Rehab and Sports Med.

Re: U.S. Physical Therapy

RUN! Run as fast as you can the other way! I know someone local who went

through them and regrets it everyday. I checked into them, did the visit

here, did the tour and interviews in Houston. I saw a big production, a lot

of show, a lot of talk. But the bottom line was, at that time, they get 70%,

you get 30%. I ended up buying my own clinic and don't owe anyone! Call me

if you have other questions.

Amy Marshall, PT

Fred <fredandtricia@ <mailto:fredandtricia%40sbcglobal.net> sbcglobal.net>

wrote:

Can anyone comment on U.S. Physical Therapy?

Thank you.

Fred Shonkwiler, MPT

St. ph, MO

---------------------------------

Cheap Talk? Check out Yahoo! Messenger's low PC-to-Phone call rates.

[Guest guest]

To All;

Before I weigh in on this issue, I would like to say the following:

1. I do not have any personal experience with US Physical Therapy.

2. I do not know anyone personally that works for USPT (or, if I do, I'm not

aware of it-I used to work in Wharton, TX, about an hour SW of Houston. So

there might be someone from an old employer that is now employed by USPT. But

again, if they are, I am not aware of it).

3. I do not have any financial holdings/interest in USPT.

4. I'm not sure I've read any posts yet from someone that has worked

directly with USPT, just individuals that knew of someone or heard of someone

that

did.

That said, I would point out the following:

1. USPT is a company that works in the Therapy industry. Their presence in

the marketplace is driven by their knowledge and expertise in the industry...,

and their ability to market that to the therapy community at large.

2. Not all PT's have the business knowledge, drive, financial resources or

other qualifications that USPT offers to the industry.

3. Not all PT's have the desire to tackle all of the issues surrounding the

start up issues facing a new PT business.

4. Not all PT's want to own their own practice outright.

I could go on and on. There are a number of reasons why a PT would want to

start a practice on their own and many reasons why they wouldn't. If I had

ownership aspirations, but didn't have a clue on how to get started, USPT might

be an opportunity I would be willing to explore. From what I have read on this

list, they offer 30-35% ownership, a higher salary than if I was an employed

PT and I would receive training in how to do business. In a nutshell, I would

be an apprentice without necessarily having to pay some costs of an

apprenticeship.

Before I have a bunch of people jump on me, I want to point out again that I

do not have any inside knowledge of USPT nor am I endorsing them. However, I

can see a potential win win situation here for certain types of individuals.

While this might not be the route for some, it might be a viable option for

others. I think it would be particularly helpful to hear from someone that

directly worked with USPT rather than from people sharing their thoughts on what

they think of USPT.

Finally, I think there have been abundant words of wisdom offered on the list

serv about reading through all of the documentation that USPT has to

offer..., that is good advice for any company you chose to do business with. I

want

to reiterate one more time before I close-I am neither endorsing USPT or

commenting negatively about them. They have a product to offer and I think it

would

be helpful for all to hear from someone who has had a business relationship

with them.

Jim <///><

[Guest guest]

Thanks for your neutral input; I too would appreciate also hearing from

someone & their opinion who actually works for the company. I have two

friends who are PTs that have clinics through USPT...as far as i'm

aware, both are very satisfied with the relationship and for many of the

reasons you've mentioned. There are pros and cons to every business

relationship i'm sure.

>>> JHall49629@... 12/15/06 11:18PM >>>

To All;

Before I weigh in on this issue, I would like to say the following:

1. I do not have any personal experience with US Physical Therapy.

2. I do not know anyone personally that works for USPT (or, if I do,

I'm not

aware of it-I used to work in Wharton, TX, about an hour SW of Houston.

So

there might be someone from an old employer that is now employed by

USPT. But

again, if they are, I am not aware of it).

3. I do not have any financial holdings/interest in USPT.

4. I'm not sure I've read any posts yet from someone that has worked

directly with USPT, just individuals that knew of someone or heard of

someone that

did.

That said, I would point out the following:

1. USPT is a company that works in the Therapy industry. Their presence

in

the marketplace is driven by their knowledge and expertise in the

industry...,

and their ability to market that to the therapy community at large.

2. Not all PT's have the business knowledge, drive, financial resources

or

other qualifications that USPT offers to the industry.

3. Not all PT's have the desire to tackle all of the issues surrounding

the

start up issues facing a new PT business.

4. Not all PT's want to own their own practice outright.

I could go on and on. There are a number of reasons why a PT would want

to

start a practice on their own and many reasons why they wouldn't. If I

had

ownership aspirations, but didn't have a clue on how to get started,

USPT might

be an opportunity I would be willing to explore. From what I have read

on this

list, they offer 30-35% ownership, a higher salary than if I was an

employed

PT and I would receive training in how to do business. In a nutshell, I

would

be an apprentice without necessarily having to pay some costs of an

apprenticeship.

Before I have a bunch of people jump on me, I want to point out again

that I

do not have any inside knowledge of USPT nor am I endorsing them.

However, I

can see a potential win win situation here for certain types of

individuals.

While this might not be the route for some, it might be a viable option

for

others. I think it would be particularly helpful to hear from someone

that

directly worked with USPT rather than from people sharing their

thoughts on what

they think of USPT.

Finally, I think there have been abundant words of wisdom offered on

the list

serv about reading through all of the documentation that USPT has to

offer..., that is good advice for any company you chose to do business

with. I want

to reiterate one more time before I close-I am neither endorsing USPT

or

commenting negatively about them. They have a product to offer and I

think it would

be helpful for all to hear from someone who has had a business

relationship

with them.

Jim <///><

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[Guest guest]

Ownership of a practice is not for everyone. There is a place for those who

want to work with a Rehab Company, managed ownership, hospital, staff in a

private practice, or owners. I know the title of this group is PTManager so

maybe we tend to get a higher percentage of owners.

I remember years ago working for PT Associates and having them set me up in

a hospital practice where I had to manage for a percentage of the profits.

It was a great learning experience and a way for me to take my career in a

new direction… without betting the bank on it. After nearly 30 years as a

PT, I now own my own business (although it’s a sideline of clinical

practice).

I don’t know anything about USPT but they have found a niche. The key is if

you can maintain quality and build you reputation, without trashing the

competition. If your practice or company works on this model, you have a

winner. I just glad we have opportunities for all types of practices.

Steve Passmore PT, CEO

Healthy Recruiting Tools

Phone:

Fax:

HYPERLINK " mailto:spass@... " spass@...

" What We Did For You Yesterday is History,

What Can We Do For You Today. "

_____

From: PTManager [mailto:PTManager ] On Behalf

Of JHall49629@...

Sent: Friday, December 15, 2006 11:19 PM

To: PTManager

Subject: Re: U.S. Physical Therapy

To All;

Before I weigh in on this issue, I would like to say the following:

1. I do not have any personal experience with US Physical Therapy.

2. I do not know anyone personally that works for USPT (or, if I do, I'm not

aware of it-I used to work in Wharton, TX, about an hour SW of Houston. So

there might be someone from an old employer that is now employed by USPT.

But

again, if they are, I am not aware of it).

3. I do not have any financial holdings/interest in USPT.

4. I'm not sure I've read any posts yet from someone that has worked

directly with USPT, just individuals that knew of someone or heard of

someone that

did.

That said, I would point out the following:

1. USPT is a company that works in the Therapy industry. Their presence in

the marketplace is driven by their knowledge and expertise in the

industry...,

and their ability to market that to the therapy community at large.

2. Not all PT's have the business knowledge, drive, financial resources or

other qualifications that USPT offers to the industry.

3. Not all PT's have the desire to tackle all of the issues surrounding the

start up issues facing a new PT business.

4. Not all PT's want to own their own practice outright.

I could go on and on. There are a number of reasons why a PT would want to

start a practice on their own and many reasons why they wouldn't. If I had

ownership aspirations, but didn't have a clue on how to get started, USPT

might

be an opportunity I would be willing to explore. From what I have read on

this

list, they offer 30-35% ownership, a higher salary than if I was an employed

PT and I would receive training in how to do business. In a nutshell, I

would

be an apprentice without necessarily having to pay some costs of an

apprenticeship.

Before I have a bunch of people jump on me, I want to point out again that I

do not have any inside knowledge of USPT nor am I endorsing them. However, I

can see a potential win win situation here for certain types of individuals.

While this might not be the route for some, it might be a viable option for

others. I think it would be particularly helpful to hear from someone that

directly worked with USPT rather than from people sharing their thoughts on

what

they think of USPT.

Finally, I think there have been abundant words of wisdom offered on the

list

serv about reading through all of the documentation that USPT has to

offer..., that is good advice for any company you chose to do business with.

I want

to reiterate one more time before I close-I am neither endorsing USPT or

commenting negatively about them. They have a product to offer and I think

it would

be helpful for all to hear from someone who has had a business relationship

with them.

Jim <///><