How Much To Charge For A Running Gait Analysis With Pricing Tool
Jan 19, 2024Many Physical Therapists providing a running gait analysis struggle with how much to charge patients. Running experts offer varying price points for a running gait analysis with some defaulting to their Cash PT rates. However, clinicians should consider pricing their running gait analysis higher than their out of pocket price. The specialized expertise clinicians are providing to patients demands higher rates. Practitioners should price their running gait analysis based on the time AND value they are providing for patients. Here are the guidelines of how much to charge for a running gait analysis, make sure to use the Gait Analysis Price Calculator to find your price point.
The Price Range For A Running Gait Analysis
There are a multitude of price points for a running gait analysis with clinicians charging from $75 - $500. For emerging running experts it’s tempting to price their gait analysis low. But it’s important to think critically of the expertise and value being provided to patients. For reference of standard industry prices here’s a chart of 26 different running gait analysis clinics.
How To Calculate Your Running Gait Analysis Price
When determining the price of a running gait analysis clinicians often use backwards logic to decide on their price point. They start by charging patients their cash based PT rates or less because they are unsure of their value and what patients will pay. However, this doesn’t take into account two main factors, how much time can be designated to provide a running gait analysis and the revenue needed to meet clinician financial goals. Dr. Morgan Meese, a PT turned business coach for therapists introduced me to her price calculator for a Cash Based PT clinic and I’ve adapted it to a running gait analysis clinic. Here’s how to use the Gait Analysis Price Calculator.
Watch how to use the Running Gait Analysis Price Calculator On YouTube:
- Enter your Total Monthly Income goal
- Enter your Business Expenses and Savings/Business Reinvestment
- Calculate Monthly Revenue Needed by adding your Total Monthly Income goal to Business Expenses and Savings/Business Reinvestment
- Enter how many Physical Therapy Appointments you have per month
- Enter time spent on clinic Admin
- Subtract hours spent on PT Appointments and Admin from Monthly Available Working Hours to get Hours Available for Running Gait Analysis Sessions
- Calculate Income Needed From Running Gait Analysis by subtracting your Monthly Income From Physical Therapy from your Monthly Income Goal.
- Calculate the Cost For Running Gait Analysis Session by dividing your Income Needed From Running Gait Analysis by the number of Running Gait Analysis Sessions per Month.
Learn How To Make A Thriving Running Practice
Click here if you would like to download a copy of the Running Gait Analysis Price Calculator. To better understand how to price your running gait analysis clinic checkout The Essentials of Running Gait Analysis (6.5 CEUs). Inside you’ll learn a step by step guide of how to start and grow your running gait analysis clinic including modules on pricing. Register by Feb. 1st 2024 to join the next cohort.
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