Overview
You won't want to miss this discussion and Q&A about current trends in the physical therapy sector and the outlook for what we believe is an underappreciated niche of the U.S. Medical Economy. We are excited to have Physical Rehabilitation Network (PRN) CEO Ajay Gupta join Health Care Sector Head Tom Tobin in the HedgeyeTV studio to discuss the impact the pandemic has had on the "normal" funnel and visit volume for clinics, the importance of integrated care and relationships with primary care/orthopedics, M&A activity and PRN's recent growth spurt (we counted 8 press releases in the final two months of 2021, bringing PRN to over 180 clinics across 16 states), competitive dynamics in western and central states, as well as other risks and opportunities Ajay sees for PT providers and other Health Care Services players in the New Year. We continue to track ATI Physical Therapy (ATIP) and US Physical Therapy (USPH) on our Position Monitor Best Ideas list and Watchlist, respectively, and are eager to learn more about PRN's model and dive into:
- The key drivers of visit volume and growth trends/expectations - What's reasonable for 2022? Which "end markets" are driving growth?
- Pluses and minuses of the different corporate models (national brand vs. hybrid or independent brands) and what health systems are doing in/around PT
- Labor supply and demand (therapists and support staff)
- Valuation levels and M&A trends
- Reimbursement rates and value-based contracts
- The importance of data and integrated digital/virtual capabilities
Please send any additional questions/topics you'd like to hear Ajay and Tom tackle to , and we'll work them into the discussion, if possible!
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Executive Insights | Jan 21, 2:00 PM ET | Physical Therapy Industry Outlook & Q&A w/ PRN CEO Healthcare Subscribers: CLICK HERE for event details (includes video and materials link) |
About the Speaker
Ajay Gupta, Chief Executive Officer
Since joining PRN in 2019 as Chief Executive Officer, Ajay Gupta has been a catalyst in developing and driving PRN’s operational proficiencies, transformational structure and visionary growth strategy. Under Ajay’s direction, PRN has focused on accelerating strategic growth, including health system partnerships, employer focused MSK worksite health programs, and investing in a scalable infrastructure, while building a diversified payor mix and widening PRN's geographic footprint, which has grown more than 50 percent.
Ajay brings more than 20 years of healthcare experience developing national scale multi-specialty physician practice management companies, post-acute care and value-based risk arrangements.
Prior to PRN, Ajay held senior positions at for-profit Companies including HCA Healthcare, Envision Healthcare and Integrated Oncology Network (ION). In these roles Ajay advised and executed on mergers and acquisitions, operational excellence, devised unique payer/provider models of care and enabled joint-venture partners to be sustainable and profitable.
A native of Nashville, Ajay holds an MBA from Vanderbilt University and bachelor’s in Public Health from UNC-Chapel Hill. Outside of the office and clinical setting, Ajay enjoys spending time with his wife and two children. He also has a passion for adventure and travel and likes to keep active through spinning, yoga and tennis.
We hope you can join us!
Thomas Tobin
Managing Director
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