The private practice sector of physical therapy is growing and will always be in demand. As a physical therapy practice owner, you take home a yearly base salary plus a percentage of revenue, or “profit.” Successfully run private practices generate between $250,000 and $2,500,000 per year in gross revenue.
How much can you make owning a private practice?
The average private practice (one location) will generate between $120,000 to $780,000 per year in gross revenue with 12-20% of that being profit. The average practice today wastes money and is not efficiently run. Despite being busy, treating patients, they don't profit as much.
How much money can you make owning a PT clinic?
To answer the question of how much can a physical therapist in the private practice make? Here are the possible figures: A successful private practice can generate between $250,000 and $2,500,000 annually in gross revenue. The take-home profit can be anywhere between 20% to 30% of the total amount of gross revenue.
How do physical therapists make money on the side?
Blogging makes a great side hustle for physical therapists, or really any rehab professional—and, if you play your cards right, it can easily evolve to become your main job! Online businesses can be monetized by making courses, selling products, promoting others' goods/services (affiliate marketing), and all sorts of Jan 4, 2020
Does physical therapy make a lot of money?
How Much Does a Physical Therapist Make? Physical Therapists made a median salary of $91,010 in 2020. The best-paid 25 percent made $106,060 that year, while the lowest-paid 25 percent made $75,360.