Annual Report 2017
Champion the success of the physical therapist in business
Society demands access to physical therapists' businesses
Salt Lake City, UT
Angela Wilson Pennisi
PT, MS, OCS
PT, OCS, CSCS
PT, OCS, MBA
Bellevue, WA 98005
Dear PPS Members,
I am pleased to present to you the Private Practice Section’s Annual Report for FY2017 (July 1, 2016 – June 30, 2017), the year in which PPS celebrated its 60th Anniversary. Here you will find a financial overview and snapshots of the exceptional work being done by the Section. I am certain that, once you read about the work accomplished by the Section and its legion of volunteers, you will have an even deeper appreciation of the value you receive as a PPS member.
Highlights of this year’s report include:
- An increase in Private Practice Section membership after several years of stagnant growth.
- The Treasurer’s Report, showing continued financial strength and increased member value, all while keeping dues at the same level since 2002.
- An excellent year on Capitol Hill, including active legislation on the therapy cap and "opt out" that is moving forward with the help of our robust Key Contact program.
- A significant investment by PPS to demonstrate the value of private practice physical therapy by contracting for a major review of claims data to support the value of PT in the continuum of care for musculoskeletal conditions and private practitioners as cost-effective providers of that care.
- Enhancements to the PPS Learning Center, with even more content from webinars, past Annual Conference presentations, and a third PPS Video Series on Operations and Key Performance Indicators.
- Our flagship publication, Impact magazine, continuing to provide timely and useful information, and the online version is growing in popularity.
- Record-setting attendance at the PPS Annual Conference and Exhibition in Las Vegas.
There has been much success this past year achieved by the 300+ members that have served on Committees, Task Forces, and as authors for Impact. Please join me in thanking them for their outstanding work.
I also wish to thank each one of you for your continued support of PPS and our profession. It is your membership that drives our efforts. Enjoy this report and find more information at www.ppsapta.org.
Terry Brown, PT, DPT
Private Practice Section, PPS
|1. ADVOCACY: Actively represent physical therapists in business regarding federal, state, and association laws, regulations, and policies.|
|2. PAYMENT: Target and engage in opportunities to increase payment for physical therapists' services and reduce administrative burden.|
|3. CONSUMER DEMAND: Create and expand consumer demand for physical therapy.|
|4. BUSINESS ACUMEN: Deliver education and develop skills related to business management, profitability, and operational excellence.|
|5. BUSINESS INNOVATION: Facilitate the exploration and exchange of disruptive and innovative business practices.|
|6. MEMBERSHIP: Build and engage a large and diverse membership.|
Dear PPS Members,
Fiscal year 2017 was a year of bold moves and big investments as PPS works to support your success in business. PPS has continued to support projects and programs to help build your businesses, including Peer2Peer Networks and Marketing, Finance, and Operations 101 videos, as well as supplying members with ongoing and high quality tools to market their practices.
PPS has also made significant financial commitments to advocacy, including continued growth of the Key Contact program, development of a data-driven value proposition for physical therapy around several musculoskeletal conditions, and by awarding grants to support the legal fight against anti-competitive practices in third party workersâ€™ compensation benefits administration.
As you will see on the following pages, PPS's revenues have continued to grow steadily, and our efforts are also supported by consistent returns on PPS investments. The PPS Board is committed and determined to move the needle on payment and regulation for our members, yet remains fiscally and monetarily conscientious, focused on sustainable investments that result in high impact for you and the profession.
Angela Wilson Pennisi, PT, MS, OCS
Private Practice Section, APTA