Business
Summary:
In this episode of the Future Proof PT podcast, Dana and Alex delve into the economic implications of healthcare with a focus on musculoskeletal disorders. They discuss the concepts of QALY and DALY, emphasizing the importance of understanding these metrics in evaluating the effectiveness of interventions. The hosts highlight the value of physical therapy as an investment in health, the impact of productivity loss due to days away from work, and the need for therapists to embrace technology. They also explore the distinction between patient needs and wants, the importance of patient autonomy, and the role of therapists in the healthcare ecosystem. They conclude with a call to action for therapists to advocate for their profession and build trust within the healthcare community.
Takeaways:
- Physical therapist care is an investment in overall health.
- Understanding QALY and DALY is crucial for evaluating interventions.
- The economic burden of musculoskeletal disorders is significant.
- Days away from work reflects productivity loss and impacts healthcare economics.
- Therapists need to embrace technology to enhance patient care.
- Therapists need to move beyond filling prescriptions and establish themselves as primary care providers for musculoskeletal health
- There is a need to differentiate between patient needs and wants in therapy.
- Building trust in the healthcare ecosystem is essential for therapists.
- Agency in physical therapy is vital for professional satisfaction.
- The future of physical therapy lies in value-based care models.
- Therapists must advocate for their profession by better quantifying and communicating its value to improve public perception, including that of payers, at-risk providers, and healthcare systems.
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Thank you for listening!
Alex and Dana