Mastering Cashflow: The Lifeline of Your Clinic (feat. Ben Galin)

On this episode of Strata Stories, we talk with Ben Galin PT and the owner of Evolution Rehab Group.

We dive into:
1. The difference between profit and cash flow
2. The impact of accounts receivable on cash flow
3. Why you must fix your cancel and no-show rate
4. And How payment delays have huge effects on your business

Episode Highlight: “People create their monthly budget and they don’t take in account that they have certain things due at different times of the month. I know I’m gonna have a budget surplus of $2,200 this month, but yet why am I literally not able to pay my bill on the 15th? Well, it’s because you didn’t account for the fact that those come due at different times. You calculated your net for the month on an accrual basis.”

Strata Stories are conversations between Strata’s CEO, Paul Singh, and leaders in the OT & PT world. We interview practice owners, therapists, consultants, and coaches disrupting healthcare to make a positive change!

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If you’d like to learn more about Strata EMR & RCM and achieving a 99.99% reimbursement rate for your PT, OT or SLP Clinic head over to stratapt.com and book a call with our team! 

If you have any questions, comments, or ideas, reach out to Thomas Schreiber, our Director of Marketing at hello@stratapt.com