Lessons You Can Learn as a PT Clinic Owner From the Book ‘Buy Back Your Time’

Dan Martell’s book “Buy Back Your Time” struck a chord with NeuPTtech’s MVP members. The book delves into how to maximize your work efforts while reclaiming your personal time and without cutting corners. We thought this message would resonate with other clinicians fighting the constant burnout battle. 

As a physical therapy clinic owner, you might also find valuable tips in these other books we recommend. Here are a few key takeaways from “Buy Back Your Time” below. 

What Does It Mean To Buy Your Time Back?

When Martell waxes on buying back time, he refers to hiring methods business owners can use to craft a reliable, productive staff that alleviates them from a growing list of responsibilities. Since many PT clinicians struggle to balance their personal and professional calendars, they can broadly benefit from the book’s recommendations. First, you must calculate your time and its worth. 

Working Out the Buyback Rate

Calculate your average annual income and divide it by 2,000. Why 2,000? Most people with full-time jobs work about 2,000 hours annually. 

Then, divide the answer by four. When you buy back your time, you want your ROI to quadruple. For example, as a practice owner, you should be taking home at least $120,000 yearly. When you complete the equation, you’ll get 15. If you can pay someone or subscribe to a solution that costs only $15 per hour to handle a task, you should delegate that task accordingly. 

>> Are you a practice owner making less than $120,000 per year? Join the MVP program to boost your bottom line!

How To Buy Back Your Time as a Physical Therapy Clinic Owner

What does this equation have to do with your overall clinic design? Think about the number of seemingly menial but necessary tasks you and your clinicians take on to keep the practice running smoothly. Could someone or something else tackle those duties for a small cost instead?

Overcoming business challenges means working smarter, not harder. Although an investment may seem expensive upfront, consider its long-term impact and savings opportunities. Some examples of this school of thought include:

• Implementing PT technology: Physical therapy technology can lighten your clinicians’ loads while increasing patient satisfaction, lending to better employee retention and increased profits. 
• Using continuous staff training programs: You want to keep your current, trustworthy staff in the know about new therapeutic techniques and equipment. Therefore, ongoing training courses from knowledgeable third parties will give you more time. 
• Improving the staff onboarding experience: As a physical therapy clinic owner, you need candidates who offer more than credentials. You need experience, confidence, and shared values to ensure they’ll be as committed to the clinic as you are. 
• Making the most of software solutions: Is there a task, like billing or coding, that an affordable software subscription could streamline? If so, integrate it into your staff’s tech tools. 

How Reclaiming Your Time Should Look

Let’s examine how the recommendations listed above could alleviate burnout, exhaustion, and lost time. 

• PT technology allows clinicians to assist multiple patients without overextending their personal resources. They’ll enjoy their jobs more without needing you to pick up the slack. 
• Training programs equip your staff with more resources to handle the challenges of the PT industry. You’ll spend less time brainstorming solutions and more time delegating your fully prepared staff to tackle obstacles.
• Staff retention is staggeringly low in your industry. That shouldn’t stop you from building a dream team that lightens your burdens. 
• Mitigate staff shortages with solutions designed to handle various duties, keeping you away from your screen and in the field. 

Join the MVP Program So That You and Your Team Can Learn More About How To Optimize Your Time With Technology

NeuPTtech designed our MVP Program to help you buy back your time. This program provides access to solutions a physical therapy clinic owner needs to sustain themselves and their clinics. It includes robust training, support, and coaching to optimize the success of your physical therapy business.

If you are struggling to find time to work on your business, we can help provide you with the roadmap for scaling your physical therapy clinic. There are different membership tiers available, each offering a range of these services. For more detailed information, you can visit the NeuPTtech MVP Program page.

Become an MVP while spots are still available!