Welcome to our dedicated page for Ati Physical Therapy news (Ticker: ATIP), a resource for investors and traders seeking the latest updates and insights on Ati Physical Therapy stock.
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 (NYSE: ATIP) reported Q1 2022 financial results, showing net operating revenue of $153.8 million, a 1% decline from the previous quarter but a 3% increase year-over-year. Net patient revenue was $138.9 million, up 5% from the same period last year. The company experienced a net loss of $(138.2) million due to significant non-cash impairments. Despite challenges from COVID variants, visit volumes are recovering, with 22,600 visits per day in March 2022. ATI reaffirms its full-year revenue guidance of $675 million to $705 million.
ATI Physical Therapy (NYSE: ATIP) has appointed Sharon Vitti as its new Chief Executive Officer. Vitti, who has 30 years of healthcare experience, previously served as President of MinuteClinic and Senior VP at CVS Health. She aims to enhance patient care and implement innovative revenue models, such as value-based care. Chairman Jack Larsen expressed confidence in Vitti's leadership, highlighting her history of successful program innovation. Vitti's appointment comes at a critical juncture for the healthcare industry, particularly within physical therapy, where she will lead efforts to improve outcomes and expand services.
ATI Physical Therapy (NYSE: ATIP) will announce its first quarter 2022 financial results on May 9, 2022, after market close. The company will hold a conference call to discuss these results at 5:00 p.m. ET on the same day. ATI, the largest single-branded outpatient physical therapy provider in the U.S., operates over 900 locations across 25 states, focusing on musculoskeletal issues. The company aims to deliver predictable outcomes for patients through quality standards and a range of services, including online therapy.
ATI Physical Therapy has expanded its Workers' Compensation and Auto Personal Injury services in Texas's Dallas-Fort Worth, Austin, and San Antonio markets. This initiative follows the rising demand for specialized care as more people return to work post-COVID-19. Over 80 trained clinicians will provide these services, emphasizing ATI's commitment to better serve both patients and business partners. The company will also designate eight 'hub' clinics focused on specialized care. This expansion aims to improve access to treatment and reduce lost time on the job.
ATI Physical Therapy (ATIP) reported its fourth-quarter and full-year 2021 financial results, achieving revenue guidance but falling short of Adjusted EBITDA expectations. Q4 net operating revenue was $155.8 million, down 2% from Q3, with a notable impact from COVID variants affecting operations. Despite this, the company's Net Promoter Score rose to 78, and they saw improved therapist retention with a decline in turnover. ATI refinanced its debt, increasing liquidity to support growth. For 2022, they project revenue between $675-$705 million, indicating a 7.5%-12.3% year-over-year increase.
ATI Physical Therapy, the largest single-branded outpatient physical therapy provider in the U.S., will release its fourth quarter and full year 2021 financial results on February 25, 2022, before the market opens. A conference call will follow at 8:00 a.m. ET to discuss the results. With over 900 locations across 25 states, ATI is committed to providing quality treatment and outcomes for musculoskeletal issues, having served over 2.5 million unique patients. For more details, visit their Investor Relations website.
ATI Physical Therapy (NYSE: ATIP) announced the appointment of Teresa Sparks to its Board of Directors, enhancing its leadership team. Sparks brings 30 years of healthcare finance experience, previously serving as CFO at Envision Healthcare. Her expertise is expected to guide ATI's business strategy and growth. Executive Chairman John Larsen emphasized her valuable track record in healthcare finance. Sparks expressed her commitment to ATI's mission of improving patient outcomes, aiming to leverage her experience to navigate the future challenges and opportunities in healthcare.
ATI Physical Therapy (NYSE: ATIP) has acquired Excel-R-ation Physical Therapy, enhancing its presence in Michigan and expanding its services in Western Michigan. This strategic acquisition aims to align the cultures and values of both organizations, focusing on high-quality patient care. Excel-R-ation, established in 2003, brings a strong commitment to effective physical therapy services. The newly branded ATI clinic is located in Holland, Michigan, promising to deliver evidence-based treatments and grow the practice further.
ATI Physical Therapy (NYSE: ATIP) reported Q3 2021 financial results with net operating revenue at $159.0 million, down 3.1% from Q2 but up 7.0% year-over-year. Net patient revenue decreased by 3.3% quarter-over-quarter, totaling $141.9 million. The company maintained a Net Promotor Score of 73 and a Google Star Rating of 4.9, indicating high customer satisfaction. Despite operational challenges, ATI opened 18 new clinics, increasing total openings to 38 for the year. The company projects revenues between $620 million and $630 million for 2021, with Adjusted EBITDA expected between $40 million and $44 million.
ATI Physical Therapy (NYSE: ATIP) has announced the acquisition of Hope Rehab Katy in Katy, Texas, enhancing its presence in the Houston market. This strategic move expands ATI's footprint in one of the fastest-growing metropolitan regions in the U.S. Hope Rehab Katy has been operational since 2003, growing from two to over 30 employees. ATI aims to leverage this acquisition to enhance patient-centered care, facilitate growth, and expand services across its Texas portfolio, which already includes clinics in Dallas, Fort Worth, Austin, and San Antonio.
FAQ
What is the current stock price of Ati Physical Therapy (ATIP)?
What is the market cap of Ati Physical Therapy (ATIP)?
What services does ATI Physical Therapy Inc. provide?
How many locations does ATI Physical Therapy operate?
What differentiates ATI Physical Therapy from competitors?
Does ATI Physical Therapy offer virtual care services?
What is the Institute for Musculoskeletal Advancement (iMSKA)?
What is ATI's approach to value-based care?
How does ATI ensure quality in its services?
What recognition has ATI received for its clinical excellence?
