The physical therapy industry is one that is constantly evolving with time. Industry standards and regulations are always changing. If you're a physical therapy practice owner, you're probably well aware of this. It can be difficult to know exactly what changes your PT clinic will face over the years, but here are a few different shifts that will likely be relevant within the next decade.
3 changes physical therapy clinics could be facing over the next decade
- Significant growth in PT careers ” Data compiled by the Bureau of Labor Statistics shows that the job growth outlook for a physical therapist is 21% within the next 10 years.
- Merging health care organizations ” In the past, the health care industry has been highly competitive and segmented. Recent data has shown that larger health care organizations have been merging with smaller PT clinics and will increasingly continue to do so. This implies that in the future, the PT industry will see a more dominant presence from large organizations that are steadily growing.
- Technological innovation ” Technological innovation is inevitable, and will likely surprise us within the next decade. We've already seen an increase in virtual PT from the COVID-19 pandemic, which will likely soon be seamlessly integrated into PT practices. Advanced instruments and machines will also develop over time. Practices would likely benefit from incorporating them into their clinics.
Although it's impossible to completely predict how the physical therapy industry is going to change in the future, data and analytics can help us guess trends that might come up within the next few years.
Alliance PTP can help your physical therapy clinic anticipate changes in the industry
At Alliance PTP, we have an experienced team of specialists, innovators and industry leaders. One of our goals is to make providing great physical therapy care easier for health care providers. Check out our resources for practice owners, our informative podcast episodes like Owning Your Own PT Practice: Keys to Success and our post on challenges your team may face with new legislation.
If you have any questions or concerns you'd like to talk over with one of our specialists, please don't hesitate to contact our team today. We'd be happy to provide more information on how we can help your physical therapy clinic or how you can join our partnership in care.