FAQs

The cost of physical therapy equipment for a new practice can vary widely depending on several factors, including the size of the clinic, the range of services offered, and the specific equipment needs. Additionally, prices may vary based on whether the clinic chooses to purchase new or pre-owned equipment. For a small to medium-sized physical therapy clinic (general PT), equipment costs typically range from $15,000 to $60,000. This includes basic rehabilitation equipment such as treatment tables, exercise machines, therapeutic modalities, and assessment tools. Larger clinics or those with specialized services, such as sports rehabilitation or aquatic therapy, may have higher equipment costs. In such cases, equipment costs can range from $50,000 to $200,000 or more.

Starting a physical therapy practice requires careful financial planning, and securing funding is a crucial aspect of the process. Here are several potential avenues to explore:

• Business Loans: Consider applying for a business loan from a bank or financial institution. Traditional lenders may offer term loans or lines of credit that can be used to cover startup costs, including leasing space, purchasing equipment, and initial operating expenses.
• Government Grants & Programs: Explore government grants or programs that support small businesses in the healthcare sector. Depending on your location and eligibility criteria, there may be grants or low-interest loans available to help fund your physical therapy practice.
• Small Business Administration (SBA) Loans: The Small Business Administration provides various loan programs designed to assist small businesses. SBA loans often come with favorable terms and may be used for purposes such as purchasing equipment and covering startup costs.
• Private Investors or Partnerships: Seek private investors or consider forming partnerships with individuals interested in supporting your venture. Investors may provide capital in exchange for equity or a share of the business profits.
• Professional Practice Loans: Some financial institutions specialize in providing loans specifically for healthcare professionals, including physical therapists. These loans may have terms tailored to the unique needs of healthcare practices.
• Equipment Financing: A significant portion of your startup costs will be related to purchasing equipment and IT hardware/ software. Explore equipment financing options. Some companies specialize in providing financing specifically for healthcare equipment and IT hardware/ software.

Important

Before pursuing any funding option, it’s essential to create a comprehensive business plan outlining your practice’s goals, financial projections, and repayment strategies. Consult with financial advisors or business consultants to ensure you make informed decisions based on your specific circumstances and the requirements of your physical therapy practice.

Yes, it is possible to operate a cash pay physical therapy practice, and many practitioners have successfully implemented this model. A cash-based practice means that patients pay directly for services at the time of treatment, without involving third-party payers such as insurance companies. Here are some considerations and potential advantages of operating a cash pay physical therapy practice:

• Increased Autonomy: Operating on a cash basis allows practitioners to have greater control over their practice. They can set their own fees, design treatment plans without external interference, and make decisions based on patient needs rather than insurance requirements.
• Reduced Administrative Burden: Cash-based practices often have lower administrative overhead compared to those that rely heavily on insurance billing. Without the need to navigate complex billing processes and negotiate with insurance companies, practitioners can focus more on patient care.
• Direct Relationship with Patients: In a cash-based model, practitioners build direct relationships with their patients. This can lead to better communication, increased patient satisfaction, and a more personalized approach to care.
• Flexibility in Services: Cash pay practices have the flexibility to offer a wider range of services or unique treatment modalities that may not be covered by insurance. This can be a competitive advantage in attracting patients seeking specialized or alternative therapies.
• Faster Payments: Cash payments typically result in quicker and more predictable revenue compared to waiting for insurance reimbursements. This can contribute to improved cash flow for the practice.

Important

While there are advantages, it’s essential to consider potential challenges as well, such as the need for effective marketing to attract patients willing to pay out-of-pocket and the importance of transparent communication about fees and services.

Starting a physical therapy practice requires careful consideration of essential equipment to provide comprehensive and effective patient care. While the specific needs may vary based on the focus of your practice and specialty, here is a list of essential physical therapy equipment devices to consider:

• Treatment Tables
• Modalities and Electrotherapy Devices
• Rehabilitation and Exercise Equipment
• Range of Motion Tools
• Balance and Stability Tools
• Traction Devices
• Heat and Cold Therapy
• Diagnostic Tools
• EMG Devices
• Functional Assessment Tools
• Diagnostic Imaging Tools
• Sanitation and Infection Control Supplies

Important

Before making any purchases, it’s crucial to assess the specific needs of your practice, the patient population you plan to serve, and any specialty areas you may focus on. Consulting with equipment specialists can also provide valuable insights tailored to your practice’s unique requirements.

Yes, all pre-owned equipment is sold with a standard 90 day warranty.

All equipment is inspected for significant wear and replaced with new parts. The pre-owned equipment is tested and signed off on by the technician as “good working condition.”

Our white glove delivery includes assembly of all products inside the clinic and removal of the unwanted packaging materials. Training can be provided if requested.