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Record Keeping

articles saving Sep 17, 2019

Hi, this is Dave Kats with Therapist Consultants and I have a tip for you.

You know they say record keepers are record breakers, so I have to ask you a question. What records do you keep? Well, there are certain statistics that I think every therapist needs to keep to know where they stand. First of all, you should track how many new patients you get each month. Second, how many patient visits you've had each month, and third, how many services you've rendered.

In other words, how many dollars worth of services you've rendered, and number four, how much you've collected. Now, what good do those do? Well, after you have amassed a group of about six or eight months, you can see whether your practice is going up or down or staying the same. You can also see what areas you're weak in and what areas you're strong in. Let me give you an example. The average therapist gets seven new patients a month.

If you average 10 or 12, you're above average. If you average four or five, you're below average and probably have to work on that. Here's another example, patient visits. The average therapist sees about 25 patient visits each week. If you see more than that, you're above average. If you see less, you're below that. You can see how using these statistics tells you what you need to work on.

You'll know if your weak in new patients, weak in patient visits, or weak in the services that you render or your collections, and then you'll know which ones to work on. Right now, start making not only a chart, but start making a graph of what you have for new patients, patient visits, services rendered, and collections. You'll see that if you're a record keeper, you'll be a record breaker.

This is Dave Kats. Thanks for listening.

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