US Physical Therapy (NYSE:USPH) Q4 2025 Earnings call February 26, 2026 10:30 AM ET Company ParticipantsCarey Hendrickson - CFOChris Reading - Chairman and CEOConstantine Davides - Managing DirectorJason Curtis - SVP of Finance and AccountingConference Call ParticipantsJack Slevin - VP and Equity Research AnalystLarry Solow - Managing Director, Partner, and Senior Equity AnalystMike Petusky - Managing Director and Senior Investment AnalystNone - AnalystOperatorGood day. Thank you for standing by. Welcome to ...

Core Viewpoint - U.S. Physical Therapy, Inc. will report its financial results for Q4 and the full year of 2025 on February 25, 2026, after market close, with a conference call scheduled for the following morning [1] Financial Reporting - The financial results will cover the fourth quarter and the entire year ending December 31, 2025 [1] - The announcement of the results will occur after the stock market closes on February 25, 2026 [1] - A conference call to discuss the results will take place on February 26, 2026 [1]

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Core Insights - ATI Physical Therapy has won the Best Training Adoption Award at the 2025 Absorbies Awards for its innovative learning and development initiatives [1][2] - The award highlights the importance of learning in workforce transformation and recognizes organizations that effectively integrate learning into their culture to achieve business results [2] Company Overview - ATI Physical Therapy is a leading provider of outpatient physical therapy and rehabilitation services with nearly 900 clinics across the United States [3][7] - The company emphasizes clinical excellence and innovative care delivery, focusing on evidence-based treatment and personalized plans [7] Key Innovations - The NeedleCert PrivilegePath is a fully automated, LMS-powered system that ensures only credentialed clinicians perform dry needling, enhancing compliance and safety [3][5] - The program integrates various components such as certificate uploads, knowledge assessments, and digital badging into a secure and auditable pipeline [3] Measurable Outcomes - The implementation of NeedleCert PrivilegePath resulted in a 100% elimination of uncredentialed scheduling, ensuring every dry-needling session is tied to an active credential [9] - The privileging turnaround time was reduced from 2-4 weeks to just 3-5 days, significantly decreasing administrative burdens [9] - There were zero adverse events reported over six consecutive months, a reduction from 2-3 per month prior to the program's launch [9] - The company experienced a 7.7% increase in net patient revenue, rising from $162.3 million to $174.7 million in Q3 2024, attributed to accurate billing and reduced denials [9] Industry Context - The Absorbies Awards received a record 122 nominations from 83 companies across 18 industries, indicating a growing recognition of the role of learning in driving business success [2][6] - The awards celebrate organizations that are redefining learning's role in building agile and resilient workforces, with future categories focusing on AI-enabled learning and strategic workforce development [6]