Every business owner wants the best return on investment for the services and products they purchase. The NEUBIE Device puts physical therapy owners in a unique position to see that return faster than you’d expect.
We’ve spoken in the past about the NEUBIE CEU courses and business equipment tax credits that are available to drive additional value for the private practice, so this article will focus specifically on return as it relates to revenue for your practice.
How Long Does it Take to Generate ROI with the NEUBIE?
The Good News: The typical physical therapy practitioner utilizing a NEUBIE to treat patients will be able to make up the monthly expense of the NEUBIE on DAY ONE of each month.
How is that possible? Once your team is trained on the NEUBIE, the machine can immediately be put to use and often replaces other forms of treatment to target positive patient outcomes.
How to Calculate ROI from the NEUBIE
Tracking ROI can be done quickly with some simple math. By measuring the amount of your monthly payment against the number of sessions per week and the fee collected for each session, you can quickly find out your exact ROI.
So, if you book 40 sessions a week at $100 a session, you can expect over a 1,000% ROI on the NEUBIE in the first year.
Private Practices See Revenue Climb Quickly
Competitive Edge Performance was the first adopter of the NEUBIE technology in the physical therapy space. It only took 6 months to improve their net revenue by over 55% and private pay revenue continued to climb by more than 200% over that same period. Year over Year, CEP has continued to see returns on both sides of their revenue channels.
Check out this case study from Apex Physical Therapy, to see how Angie, a CEO and Owner, got results after bringing one (and soon a second) NEUBIE into their practice:
The Referral Effect Has Clinics Getting Booked Faster
It’s important to note the referral impact the NEUBIE has on your practice as well. As far as marketing goes, referrals will always be the best way to drive business for your practice. And that starts with happy, satisfied clients.
Studies have shown that 90+% of patients see tangible improvements and progress on their first visit with the NEUBIE. As a result, patients eagerly reference the NEUBIE as a big role in their recovery which leads to more patients booking appointments with your staff.
Purchase or Rent the NEUBIE to Get Started Generating ROI
The NEUBIE is available to purchase or can be rented for a 3-month period. To date, every practice that participated in a 3-month trial chose to purchase the device outright after seeing it in action and the effect it had on their patients. That’s a 100% conversion rate!
Want to see what the NEUBIE looks like for your business? Contact NeuPTtech today to receive a free NEUBIE ROI Practice Assessment.
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