In this episode of What's Best For The Patient Is Best For Business, Jerry sits down with Matt Byrne, Executive Director for Provider Partnerships at FIGUR8, Inc., to discuss the untapped potential of workers' compensation in physical therapy—and why ignoring this market could be a costly mistake. FIGUR8 provides the first FDA-registered, objective musculoskeletal (MSK) assessment tool, replacing outdated subjective methods and driving better patient outcomes.

Matt challenges the common misconceptions about workers' comp, revealing why it’s one of the highest-paying and most underserved segments in PT. With 900,000+ MSK claims annually—each costing employers $35K–$65K—he breaks down how clinics can leverage objective data to streamline care, reduce claim costs, and attract referrals from the many key stakeholders involved with workers’ comp claims.

Key Takeaways:

• Workers’ Comp Is a $1.35B Opportunity: At 12 visits per claim and $125/visit, this market is ripe for clinics willing to embrace it.

• Data = Leverage: FIGUR8’s technology replaces guesswork with biomechanical insights, justifying care plans and speeding up return-to-work timelines.

• Better Payer Mix, Fewer Patients: Workers’ comp reimburses higher than Medicare and commercial insurance—meaning clinics can increase revenue while seeing fewer patients.

• Stop the Staffing Shortage Myth: Optimizing payer mix (e.g., shifting from 3% to 10% workers’ comp) can ease clinician burnout and boost margins.

• The "Hub-and-Spoke" Model: Hire one dedicated workers’ comp PT to train staff and oversee high-value services (e.g., functional capacity exams billed at $800–$1,200 each).

If you’re tired of chasing shrinking reimbursements and want a proven way to serve your community and your bottom line, this episode is your wake-up call.

If you'd like to learn more about Strata EMR & RCM and achieving a 99.99% reimbursement rate for your PT, OT, or SLP Clinic head over to stratapt.com and book a demo with their team!