Why do we settle for less than what we started out after? So many of us dream of owning our own private practice, the equity is ours and we’re our own boss. Well, according to Medscape, in 2016, we hit an all time low of physicians owning equity in their practices. Only 47.1%. Wow, what happened?
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Consequently, something you might want to know, based on research both online and off, most physicians have not planned their practice out that far, much less their life. Specifically, too many of us are missing out on the visions we had of living the good life. Additionally, we get bogged down in the regulations, the programmatic changes, and just trying to keep up and make a decent living.
Did you know that building a professional practice is not the easiest thing to do? Depending on where you are at in your journey, you’ve probably already figured that out. We’ve discovered the best way to win in professional practice. Whether you are in a partnership or a private office, it doesn’t matter. When you partner with your patient(s), success is the ultimate win. But, what does that really mean?
In case you haven’t already figured it out, there are few shortcuts in life. We’ve learned mentors are one of the best in existence. Besides that, I’ve had some great ones in my life and I wanted to share that with others. That’s why I’ve developed a team and a method to help others. We are here to help you. I’d like to talk to you about joining up with my team of experts.
You might think it’s a no-brainer that improved patient outcomes leads to practice success. On the other hand, we don’t all think alike and sometimes things get overlooked. Today, I’d like you to consider how critical your patient outcomes are for practice success to occur.
When Was The Last Time You Conducted Your Own Outcomes Study? In reality, it’s all you have in private practice. There are some really simple ways to do this, but before we talk about that, here’s a reality check-up.
Take a real hard look on how you can add value added services and additional profit
centers to your private practice. Some are much better than others. Make sure they ADD TO
and do not detract from your image, purpose and vision.
One of the most difficult but yet most important things we must do in private practice is tell patients the truth. Most especially today we’re talking about truth surrounding patients own lifestyle, health problems and other issues, which may have caused or perpetuated their illness.
Physical & Emotional clutter has a significant impact on your Private Practice, and of course your life and your health. The more you clean up and break away from, the more room you create for the right things! Keep it simple. You won’t regret it.
Last week, I wrote extensively on really taking command of the direction of your practice, and your life as a powerful economic stimulus. In reality, it’s all you have in private practice. There are some really simple ways to do this, but before we talk about that, here’s an “Economic Summit” reality check-up. If I […]
All your private practice building efforts will go down the drain if you don’t train your staff on how to receive calls from new patients. It’s true that we recently talked about the importance of focusing on your existing patients for private practice building—keeping them truly happy so they keep coming back for more. But […]
You might be getting it all wrong when it comes to marketing your private practice—most people do! Here’s how to distinguish your practice effectively. Frankly, most private practice owners get it all wrong. They think they’re working hard at marketing—but in reality, they’re spinning their wheels. Here are some classic ways that most private practice […]
If you’re way behind in marketing your private practice (like most private practice owners), here’s a step-by-step plan to rescue your marketing plan today. It’s a sad fact that most private practice owners leave marketing tasks somewhere at the bottom of their to-do lists. What’s even worse is that most of them don’t even have […]
Don’t take it for granted that you know what “word of mouth” means—and how it affects your private practice success. Some things never change in marketing a private practice—like the power of “word of mouth” advertising. But wait! “Word of mouth” doesn’t mean what it used to mean. Years ago, when we talked about word […]
For private practice owners, effective content marketing can make or break your long-term success. You’ve heard about “content marketing” and that private practice owners should be using it to build their businesses. But do you really know what content marketing means—or why it’s so important to the long-term success of your private practice? In short, […]
You may think your private practice puts an emphasis on customer service, but do your patients think so? It’s common knowledge that customer service has to be a key focus in order for a private practice to survive and thrive in the long term. Customer service is just as important as excellent clinical practice… maybe […]
Without personal power, profit and influence, in your own life and practice, you are unlikely to learn from the past, deal with the present and plan as accurately as possible for the future. But just why are these so important? One of my fascinations as a consultant comes from dealing the vast differences in how […]
Our systems of teaching and learning are legendary. We implemented EMR into Private Practices in 1999, and in 2005 began the first 24/7 web-based trainings for Private Practice Owners.
Today, we provide our clients with the CEO training, practice expansion systems, tools and lifestyle designs for those devoting their lives to preserving and expanding private health care.
Missed appointments may be inevitable, but your no-show rate has a direct effect on private practice sustainability over time. When patients don’t show for scheduled appointments, your private practice schedule gets thrown off—and you lose money. Many private practice owners treat no-shows as a minor annoyance that’s regrettable, but inevitable. And that’s a huge mistake. If […]