In a recent episode of the "Secrets for Success" podcast, hosted by Greg Todd, veteran physical therapist Jeanette Harris shared compelling insights from her three-decade-long career. As a practitioner who's witnessed transformative changes in the healthcare field and navigated the often turbulent waters of professional development, Harris offered wisdom and valuable lessons for those considering similar paths.
Jeanette Harris began her journey in the late 1980s, officially becoming a physical therapist in 1995. The field, as Harris nostalgically recalls, was experiencing its heyday. Back then, therapists were highly sought after, and the landscape looked promising. "It was very glamorous...and we weren't even doctors then," she reminisces (00:07:06).
She compares early patient care to today's more restrictive practices: "Total knees and total hip patients would be in the hospital for like six weeks for rehab. And now, in and out in a day" (00:07:06). Managed care and the 1997 Balanced Budget Act drastically altered the reimbursement structure for physical therapy services, catalyzing significant shifts and financial challenges. These political and economic shifts marked the beginning of a more stringent era in healthcare, where physical therapists and other healthcare professionals had to wrestle with increased constraints.
Compensation has failed to keep pace with inflation and rising costs of living. As Harris pointed out, salaries have stagnated despite the exponentially increasing cost of education. She recalls hitting an $85,000 annual salary in 2013 after years of hard work, only to find new graduates today offered the same, despite much higher educational expenses (00:12:18). This "math ain't mathing" dilemma creates significant disillusionment and financial stress among newer therapists.
The segment on entrepreneurship was particularly enlightening. Harris narrates her venture into various side gigs throughout her career to supplement her income and fulfill her aspirations for financial freedom. Her perseverance despite initial struggles is remarkable. She highlights that exhaustion from overworking eventually pushed her to explore different opportunities, including a successful stint with Mary Kay.
Harris's entrepreneurial journey emphasizes the significance of diversification and seizing new opportunities. Her experiences serve as a blueprint for dealing with the evolving economic landscape that many professionals face today.
Greg asked Harris what advice she had for someone looking to pivot after decades in a stable career (00:27:09). Her response was telling: "Surround yourself with people, like-minded people that can help you see your possibilities" (00:27:09). She stressed the value of community and mentorship in recognizing one's potential, particularly when one's vision is clouded by self-doubt or routine.
Moreover, Harris encourages professionals to channel the same energy and dedication they applied in gaining their education into their entrepreneurial ventures. If one can navigate the grueling demands of PT school, starting a business or acquiring new skills is within reach.
Both Todd and Harris underscore the importance of reevaluating career strategies in the current economic climate. They recommend considering different levels of opportunities and reallocating resources to ventures with higher potential returns. Todd succinctly puts it: "Do we want to be leveraged, or do we want to have the leverage?" (00:30:57). This conveys the necessity for professionals to seize control over their compensation and career direction.
Jeanette Harris's journey and revelations provide a guiding light in the increasingly complex landscape of healthcare and professional development. Her insights are particularly valuable for those caught at a crossroads between traditional roles and emerging opportunities. Whether through entrepreneurship, diversifying skills, or seeking mentorship, the key takeaway is clear: adaptability and a proactive approach can open doors to new career heights and personal fulfillment.
In an era where "the math ain't mathing," as Harris so aptly puts it, taking control of one's professional and financial destiny has never been more crucial.
https://www.Instagram.com/gregtoddpt
https://www.Facebook.com/gregtoddpt
In a recent episode of the "Secrets for Success" podcast, hosted by Greg Todd, veteran physical therapist Jeanette Harris shared compelling insights from her three-decade-long career. As a practitioner who's witnessed transformative changes in the healthcare field and navigated the often turbulent waters of professional development, Harris offered wisdom and valuable lessons for those considering similar paths.
Jeanette Harris began her journey in the late 1980s, officially becoming a physical therapist in 1995. The field, as Harris nostalgically recalls, was experiencing its heyday. Back then, therapists were highly sought after, and the landscape looked promising. "It was very glamorous...and we weren't even doctors then," she reminisces (00:07:06).
She compares early patient care to today's more restrictive practices: "Total knees and total hip patients would be in the hospital for like six weeks for rehab. And now, in and out in a day" (00:07:06). Managed care and the 1997 Balanced Budget Act drastically altered the reimbursement structure for physical therapy services, catalyzing significant shifts and financial challenges. These political and economic shifts marked the beginning of a more stringent era in healthcare, where physical therapists and other healthcare professionals had to wrestle with increased constraints.
Compensation has failed to keep pace with inflation and rising costs of living. As Harris pointed out, salaries have stagnated despite the exponentially increasing cost of education. She recalls hitting an $85,000 annual salary in 2013 after years of hard work, only to find new graduates today offered the same, despite much higher educational expenses (00:12:18). This "math ain't mathing" dilemma creates significant disillusionment and financial stress among newer therapists.
The segment on entrepreneurship was particularly enlightening. Harris narrates her venture into various side gigs throughout her career to supplement her income and fulfill her aspirations for financial freedom. Her perseverance despite initial struggles is remarkable. She highlights that exhaustion from overworking eventually pushed her to explore different opportunities, including a successful stint with Mary Kay.
Harris's entrepreneurial journey emphasizes the significance of diversification and seizing new opportunities. Her experiences serve as a blueprint for dealing with the evolving economic landscape that many professionals face today.
Greg asked Harris what advice she had for someone looking to pivot after decades in a stable career (00:27:09). Her response was telling: "Surround yourself with people, like-minded people that can help you see your possibilities" (00:27:09). She stressed the value of community and mentorship in recognizing one's potential, particularly when one's vision is clouded by self-doubt or routine.
Moreover, Harris encourages professionals to channel the same energy and dedication they applied in gaining their education into their entrepreneurial ventures. If one can navigate the grueling demands of PT school, starting a business or acquiring new skills is within reach.
Both Todd and Harris underscore the importance of reevaluating career strategies in the current economic climate. They recommend considering different levels of opportunities and reallocating resources to ventures with higher potential returns. Todd succinctly puts it: "Do we want to be leveraged, or do we want to have the leverage?" (00:30:57). This conveys the necessity for professionals to seize control over their compensation and career direction.
Jeanette Harris's journey and revelations provide a guiding light in the increasingly complex landscape of healthcare and professional development. Her insights are particularly valuable for those caught at a crossroads between traditional roles and emerging opportunities. Whether through entrepreneurship, diversifying skills, or seeking mentorship, the key takeaway is clear: adaptability and a proactive approach can open doors to new career heights and personal fulfillment.
In an era where "the math ain't mathing," as Harris so aptly puts it, taking control of one's professional and financial destiny has never been more crucial.
https://www.Instagram.com/gregtoddpt
https://www.Facebook.com/gregtoddpt
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