Posts Tagged Insurance
Was hurt on the job. Been out 8 weeks. Employer won’t pay insurance anymore. Is this legal?
Posted by admin in Clinic Management on April 24, 2012
Question by Dorothy B S: Was hurt on the job. Been out 8 weeks. Employer won’t pay insurance anymore. Is this legal?
I’ve been out of work for 8 weeks. Got hurt on the job. The owner paid my first months insurance benefits, but will not pay them anymore. Is this legal? He expects me to pay $ 160 a month. I’m a single mom and can’t afford this. Here it is, 8 weeks later and I’m still under medical supervision and physical therapy. However, I am getting workmans comp. Again, is my employer allowed to do this, especially when I was injured on his property?
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Cost of insurance for a physical therapy center?
Posted by admin in Clinic Management on March 15, 2012
Question by AhLaLaLa: Cost of insurance for a physical therapy center?
I’m doing a class project where I have to write a business plan for a small physical therapy practice and I need to know what kind of insurance I would want and the approximate cost. It looks like we would need general liability insurance, Professional Liability Insurance and Commercial Property Insurance. Our fictitious business has 3 owners that are also employees. Thank you for your help 
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Answer by mbrcatz
Dude, it depends on a TON of things that you didn’t mention. Do you own the building? How big is it? What protection class, and what construction? What deductible, and what coverages?
You will ALSO need workers compensation, for your three owners who are also employees.
Professional liability will depend on a wild number of factors, but figure $ 5,000 per therapist. Property insurance, figure 8% of the total value of the property, or $ 1,000, whichever is higher. General liability, figure about $ 2500 with three practicioners. Workers comp, figure . . hmm. Three owners, subject to owners minimums, it’s probably going to run you around $ 4500.
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I Am Opening Up A Physical Therapy Clinic, How Do I Get Insurance Contracts So I Can Bill The Insurance Co.?
Posted by admin in Careers in PT on January 7, 2010
Typically you set up relationships with attorneys. And they do the work of funneling you business and getting the bills paid. It depends on what state you are in if you can direct bill insurance companies. You need to know if you are in a PIP state or a med pay state.
How Do I Start A Physical Therapy Clinic And Become A Provider Of Insurance? Do I Need Business License?
Posted by admin in Careers in PT on December 31, 2009
Are there any state regulations? Do i outsource medical billers?