After unveiling its new branding, the physical therapy equity and management services company previously known as Nueterra Physical Therapy also announces a name change to PT Partners.
In addition, the newly named PT Partners announces a broadened scope to now include established clinics, hospitals, accountable care organizations, and integrated provider networks among its clients.
“The goal of PT Partners is to build completely custom solutions for both providers of rehab services, hospitals and provider networks,” says Marge Epperson, CEO, PT Partners, in a media release from the company.
“By taking a relational approach to our work, we can begin to understand where a given client stands in their business lifecycle and, from there, work to elevate their efforts and advance them to the next level of financial success,” she adds.
The evolution in US healthcare—including declining reimbursements and the transition to value-based payment, along with care delivery models favoring “narrow” or specialty networks—is the catalyst for these changes, according to Epperson in the release.
Additionally, per the release, as outpatient services and bundled payment programs have come to the forefront, physical therapists, practice managers and other providers of rehab services are discovering new opportunities to demonstrate their value.
“PT Partners’ expanded focus targets precisely those features within the physical therapy service line, leading us to believe the company will see incredible growth in the near future,” states Jeremy Tasset, CEO of Nueterra Capital, PT Partners’ private equity owner, in the release.
For more information, visit PT Partners.
[Source(s): PT Partners, PR Newswire]