The Healthcare Entrepreneur Blog » Finance

Vantage Clinical Solutions principal and clients highlighted in PT in Motion magazine

Carrie Grubbs — Fri, 17 Jun 2011 19:30:30 +0000

Improving healthcare through entrepreneurship speaks to the core mission of Vantage Clinical Solutions. Our mission is focused on providing solutions which foster an entrepreneurial spirit within the healthcare arena in order to support the success of businesses with a healthcare focus.

An article in the June 2011 edition of PT in Motion, titled “Good Business: When it comes to the business of physical therapy, a little analysis can go a long way,” by Chris…

Upcoming Seminar: Finance 101 for PT’s: Understanding and Using Basic Financial Statements in Physical Therapy | February 10, 2011

Carrie Grubbs — Tue, 18 Jan 2011 17:56:59 +0000

PT’s in administrative, ownership, and program development roles are often required to decipher information found within the balance sheet and income statement (P&L) of a private practice or rehabilitation department. The PT’s ability to understand these common statements is critical to making important business decisions as well as to comprehending the true financial status of a business or organizational unit.

In the upcoming seminar, “Finance 101 for PT’s: Understanding and Using Basic Financial…

Tannus Quatre to speak at the 2011 American Physical Therapy Association Combined Sections Meeting

Carrie Grubbs — Thu, 13 Jan 2011 20:11:07 +0000

Tannus Quatre PT, MBA, principal and consultant for Vantage Clinical Solutions, is scheduled to speak at the American Physical Therapy Association’s (APTA) Combined Sections Meeting (CSM) in New Orleans, Louisiana on February 10^thand 11^th, 2011.

Tannus’ presentations will include “Finance 101 for PTs: Understanding and Using Basic Financial Statements in Physical Therapy” on Thursday, February 10^th and “The Power of Branding: Making a Difference with Your PT Brand” on Friday, February…

Strategic Planning by the Numbers

Tannus Quatre PT, MBA — Sat, 15 May 2010 22:10:40 +0000

I authored the following article which published in the February 2009 issue of Impact Magazine, a publication of the Private Practice Section of the American Physical Therapy Association.

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Strategic planning by the numbers
By Tannus Quatre PT, MBA

For some, the concept of strategic planning might conjure up images of board rooms, executives, complex graphs, and detailed reports. While this picture of strategic planning may hold true in the world of big…

Vantage client, Leg Up Farm, prepares for opening in May

Tannus Quatre PT, MBA — Mon, 05 Apr 2010 16:48:36 +0000

A Vantage Clinical Solutions client, Leg Up Farm, plans to open its doors to a new 20,250 square-foot facility this May.

A culmination of the decade-plus vision of the project by its founder, Lou Castriota, Jr., the planning for the facility that will serve the rehabilitation requirements of more than 1,000 special needs children has been in the woks since 1997. Funding has included $2.7 million raised by Castriota’s family, friends, and project…

Productivity Question

Tannus Quatre PT, MBA — Fri, 12 Mar 2010 22:42:49 +0000

The following is a Q&A with a seminar attendee (CSM 2010, San Diego, CA) on the topic of productivity:

Q: On the financial production assumptions, my productivity is showing 236%. What does this mean?

A: Productivity is defined in this model as billed hours divided by total hours worked. If a PT bills out 4 hours in a day and worked 8, they would have a productivity of 50% for that day (4/8 = 50%).…

Vantage Forums: Breakeven analysis for medical practices

Tannus Quatre PT, MBA — Sat, 06 Feb 2010 19:06:57 +0000

For those starting a new medical practice, program or medical service, knowing at what point your investment will “break even” is important to determining whether or not the venture will be economically feasible. The breakeven analysis provides medical practice owners with valuable information with regard to the production and time factors involved with starting a new medical practice, program or service.

Here is a link to a free breakeven analysis calculator tool (http://bit.ly/Breakeven) which…

Breakeven analysis for medical practices

Tannus Quatre PT, MBA — Wed, 14 Oct 2009 19:13:41 +0000

Here is a link to a free breakeven analysis calculator…

Medical practice management 101: Budgeting

Tannus Quatre PT, MBA — Wed, 07 Oct 2009 17:37:10 +0000

Creating a medical practice budget is one of the most important elements of running a profitable physician practice, doctor’s office, or physical therapy clinic. The medical practice budget provides physicians, office managers and administrators with a gauge from which financial performance can be measured and operational issues identified.

There are many ways to create a medical practice budget, however our firm often recommends use of a budgeting format which clearly distinguishes those revenues…

A Doctor by Choice, a Businessman by Necessity

Tannus Quatre PT, MBA — Thu, 09 Jul 2009 17:24:36 +0000

A good essay in the NYTimes.com which speaks to the rising commercialism of healthcare.

I didn’t bother to disillusion him, but the reality is that most doctors today, whether in academic or private practice, constantly have to think about money. Last January, Dr. Pamela Hartzband and Dr. Jerome Groopman, physicians at Beth Israel Deaconess Medical Center in Boston, wrote in The New England Journal of Medicine that “price tags are being applied to

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