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About ATI Physical Therapy Inc. (ATIP)
ATI Physical Therapy Inc. (NYSE: ATIP) is a leading provider of outpatient musculoskeletal (MSK) rehabilitation services in the United States. Headquartered in Downers Grove, Illinois, ATI operates over 850 clinics across 24 states, making it one of the largest single-branded platforms in the physical therapy industry. Established in 1996, ATI has built a reputation for delivering high-quality, evidence-based care tailored to prevent and treat MSK disorders, including sports injuries, post-operative rehabilitation, and chronic pain management.
Comprehensive Rehabilitation Services
ATI offers a wide range of rehabilitation services, including physical therapy, aquatic therapy, hand therapy, sports medicine, industrial health services, and women's health programs. The company's patient-centered approach emphasizes hands-on, one-on-one care designed to improve patient outcomes. Through its proprietary Patient Outcomes Registry™, ATI tracks over 10 million patient-reported outcomes from more than 3 million unique patient cases, enabling data-driven treatment strategies that deliver predictable and impactful results.
Innovative Care Delivery
ATI leverages technology and standardized clinical guidelines to ensure consistency and quality across its network. Its virtual care platform, CONNECT™, expands access to physical therapy services, allowing patients to receive treatment remotely. Additionally, ATI's focus on value-based care models aligns with broader healthcare trends aimed at improving outcomes while reducing costs.
Commitment to Clinical Excellence
ATI's dedication to clinical excellence is reflected in its recognition by the Center for Medicare and Medicaid Services (CMS), which has awarded the company an "Exceptional" Merit-Based Incentive Payment System (MIPS) rating for five consecutive years. This distinction underscores ATI's commitment to delivering high-quality care that reduces unnecessary medical interventions, such as imaging, opioids, and surgery.
Industry Leadership and Research
In addition to its clinical services, ATI is advancing the field of musculoskeletal care through its Institute for Musculoskeletal Advancement (iMSKA). Founded to engage in scientific research and professional development, iMSKA focuses on improving diagnostic and treatment methodologies for MSK conditions. This initiative highlights ATI's role as a thought leader in the rehabilitation industry.
Challenges and Market Position
Operating in a competitive landscape, ATI faces challenges such as labor shortages and reimbursement pressures. However, its robust operational strategies, focus on clinician retention, and emphasis on patient outcomes position it as a resilient player in the outpatient rehabilitation market. By continuously investing in its workforce and clinical innovation, ATI aims to meet growing demand and maintain its leadership in the sector.
Conclusion
ATI Physical Therapy Inc. exemplifies a commitment to enhancing the quality of life for its patients through comprehensive, evidence-based rehabilitation services. Its scale, technological integration, and focus on clinical excellence make it a pivotal player in the U.S. healthcare landscape, addressing the critical need for accessible and effective MSK care.
ATI Physical Therapy, Inc. (NYSE: ATIP) has announced it will release its first quarter 2023 financial results on May 8, 2023, after market close. A conference call to discuss these results will be held at 5 p.m. ET on the same day. The call can be accessed via a live audio webcast through the Company's Investor Relations website. ATI Physical Therapy operates over 900 locations across 24 states, delivering high-quality outpatient physical therapy services. With outcomes from more than 2.5 million unique patient cases, the company aims to set quality standards for musculoskeletal (MSK) treatments. Investors and media can find contact information for inquiries in the press release.
ATI Physical Therapy (NYSE: ATIP) announced a two-year exclusive partnership with the McDonald's All American Games, becoming the Official Physical Therapy Partner. This collaboration will involve providing four dedicated athletic trainers for 24/7 medical coverage to the game's 48 players, enhancing injury prevention and treatment. The event takes place on March 28, 2023, at the Toyota Center in Houston, Texas. ATI emphasizes its commitment to high-quality care, showcasing its role in supporting elite athletes, and promoting its broader services across 900 locations in 24 states.
ATI Physical Therapy (NYSE: ATIP) reported its Q4 and full year 2022 financial results, revealing a net revenue of $161.8 million, representing a 3% quarter-over-quarter and 4% year-over-year increase. Net patient revenue also saw a 3% quarter-over-quarter and 4% year-over-year rise, totaling $146.2 million. Despite a net loss of $102.4 million due to non-cash impairment charges, Adjusted EBITDA improved to $6.4 million. The company announced a Transaction Support Agreement to enhance liquidity, securing $25 million in delayed draw facilities. CEO Sharon Vitti highlighted a strong demand for physical therapy and a favorable start to 2023.
ATI Physical Therapy, Inc. (NYSE: ATIP) will release its fourth quarter and full year 2022 financial results on March 16, 2023, after market close. A conference call to discuss these results will take place at 5:00 p.m. ET on the same day. Investors can access the call via a live audio webcast on the Company's Investor Relations website. ATI operates over 900 locations across 24 states, focusing on musculoskeletal issues and delivering quality patient outcomes. The company has treated more than 2.5 million unique patients, showcasing its commitment to healthcare excellence.
ATI Physical Therapy, the largest outpatient physical therapy provider in the U.S., announced that Scott Gregerson will join as Chief Growth Officer on Jan. 3. With over 20 years of healthcare leadership experience, including roles in business development and strategic partnerships, Gregerson aims to enhance ATI’s growth across various sectors. CEO Sharon Vitti emphasized the necessity of innovation and partnerships for future success. Gregerson's experience includes roles at several healthcare organizations, positioning him to drive ATI's business development efforts.
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