The Floundering Economy: Will You Be Affected?
In our Nov. 17 issue, Brett Frankenberg, PT, CAE, discussed whether the weakening economy will be good or bad for the health care business.
He points to the area of workers’ compensation as a possible place of growth. With more and more employees getting laid off, the remaining ones will be putting in overtime and possibly experiencing more on-the-job injuries requiring rehab. PTs may also start seeing more older clients as well, since many are being forced to put off retirement and continue working to make ends meet.
But there’s no denying that the thousands of other workers who are losing their jobs and possibly their access to health insurance could be a drain on business. And while President-Elect Barack Obama has a health care reform plan the works, it will take time to implement. What will happen during the transition period?
What are your thoughts, fears and comments about how the bleak financial picture might affect your career or business? What can PTs do to make sure they stay afloat?