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Business and Marketing

Carl DeRosa, PT, PhD, DPT, FAPTA

Course Description

This course provides a comprehensive analysis of factors that influence physical therapy economics and organizational and management principles, which impact the ethical and legal aspects of health care delivery. The course objectives are designed to allow the learner to recognize their roles and responsibilities in regards to cost effective delivery of physical therapy services and the business principles, economics, and culture that influence success.

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Objectives

  • Understand the tools used for business analysis, including Profit/Loss statements, Balance Sheets, and Value Propositions.
  • Develop a Value Proposition relevant to his/her particular area of physical therapy practice.
  • Understand the purpose of a Core Value system within business and how they are used to direct it.
  • Understand the relationship between autonomy, professional ownership and the concept of reinvestment of surplus value.
  • Describe the different ways in which equity is determined for business value and the methodology used to use equity determination for business purchases or partnerships and list the elements necessary for an Operating Agreement.
  • Describe Porter’s Five Force Model.
  • Develop a logical and structured Strategic Plan for a unique business venture.
  • Describe the differences between advertising and marketing and relate this to push and pull technologies as they are used to improve a business.
  • List and describe economic indicators of practice.
  • List and describe indicators of a business that is a learning organization and that has the mechanisms in place for a perpetually successful business model.

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