Item 7.01 Regulation FD Disclosure.

Attached as Exhibit 99.1 and furnished for purposes of Regulation FD is the press release issued by U. S. Physical Therapy, Inc. (the "Company") on January 8, 2013 announcing that included in the American Taxpayer Relief Act of 2012 signed into law last week are provisions which will reduce reimbursement for physical therapy services provided to Medicare patients. The estimated net income impact to the Company from the rate reduction is $1.6 million to $2.1 million or $.13 to $.18 in diluted earnings per share in 2013.

Pursuant to the rules of the Securities and Exchange Commission, the information contained in this report shall not be deemed to be "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filings by the Company under such Act or the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits

Exhibits Description of Exhibits

99.1 Registrant's press release dated January 8, 2013.*

*Furnished herewith.