U.S. Physical Therapy, Inc. ($USPH)

The SAFE Act expands Medicare to cover fall risk assessments and prevention services provided by physical and occupational therapists, effective January 2026. This creates a new reimbursable service line for outpatient therapy clinics like $USPH and increases staffing demand for agencies like $AMN. The bill is in early committee stage with bipartisan support (51 cosponsors) and a Senate companion, but no funding is authorized.

→ Creates a new reimbursable service line for physical therapists, directly increasing patient volume and per-visit revenue for outpatient therapy clinics.