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Healthcare Changes and Your Specialty Practice

Specialty Practice Can Benefit from the New Competitive Patient Mindset

Recent changes in the healthcare landscape can provide a boost to growth in your specialty practice—if you have the right goals in mind.

Many specialty practice owners have been viewing new healthcare laws and systems in the United States with a mixture of fear, outrage, and dismay.

You may be wondering how all these changes will affect your private practice… and assuming that things will be changing for the worse. How can a specialty practice possibly survive in this environment?

If you’ve been viewing healthcare changes as a circumstance that will doom your specialty practice, it’s time to think again.

Why? Because all of these changes can actually HELP you to grow your specialty practice to its upper limit—as long as you have the right mindset about the direction you’re headed.

All of these healthcare law changes have caused a shift in the typical patient mindset. It used to be that patients would do whatever their doctor said to do, or have whatever procedure was covered as standard by their insurance company.

These days, self-pay patients are looking at value. They want the most bang for their buck. That means they’re shopping around and looking for the provider who will provide exceptional care that justifies the cost of services. They view provider rates as an investment in their long-term health, and they want a good return on their investment.

This is great news! This patient, who is discerning and makes an informed decision when choosing a specialty practice, is exactly the kind of patient that you need to attract and keep in order to make your specialty practice thrive.

You don’t want patients who follow the old episodic treatment model: coming into the office when they’re in pain and then falling away. You want patients who seek expert collaboration and a long-term relationship working toward their continuing health. That patient is the very picture of loyalty, and he or she will joyfully refer you to family and friends.

When your patients are focused on their long-term health, then the long-term health of your specialty practice will be a given.

I invite you to visit here frequently for more tips about creating a sustainable private practice!

I wish you the best along your journeys!

Want to learn more about how to build your private practice?

Then Join my team experts for a free strategy session HERE

Have a great day!

the PPW team

Marketing Your Specialty Practice

Specialty Practice Success Won’t Happen Through Traditional Marketing

Unless your specialty practice is brand-new, the backbone of your practice probably isn’t based on new referrals. Don’t overlook this key element of private practice success!

Whether you’ve been running your specialty practice just a few years, or dozens, there’s a good chance that the majority of your business is made up of repeat clients. In short, most of the patients walking in your door have been there before…and made the decision to come back.

If you’ve provided excellent service—not just a world-class treatment experience, but great customer service, too—then most of your patients will come back again and again. Maybe they’ll come in search of continued good health through maintenance. Or maybe a new injury or illness will arise, and because you’ve built their trust, you’ll be the first professional they call.

Eventually, nearly your ENTIRE specialty practice could (if you chose) be composed of regular patients who return time after time because of the relationship you’ve built with them.

But if you’ve paid any attention to the marketing how-to information that’s out there, you may be confused. That’s because the advice of traditional marketers is all about how to get new eyes on you—how to get in front of people who will buy what you’re selling.

The thing is, particularly in the service industry and in a specialty practice, the person who is most likely to buy from you is the very person who already has! They took that initial risk of trying your practice, found the benefits to be exceptional, and now have confidence that YOU are the professional who can make their lives better.

Now that you know repeat customers are the best customers, what can you do to encourage patients to come back?

First, say “thank you,” and say it often. Thank brand-new patients for giving your specialty practice a chance to help them. When they return for another visit, welcome them with open arms and an opportunity to give feedback—ask: “Can you let us know what made you decide to come again?”

Second, give those loyal patients a chance to get to know you better. Ask every new and returning patient if they’d like to join your email list. Send a monthly newsletter with practice news, including personal stories from your staff or yourself that make your office feel like a home away from home. It can also include a simple but useful health tip that’s relevant to your specialty practice, or a frequently asked question and your response. This doesn’t have to be a slick-looking newsletter template. In fact, many patients will respond more positively if it’s simple and has a “homegrown” feel, so that they know you’re actually writing it!

Also, have your staff maintain a list of patients who haven’t been in lately. Give them a courtesy call to see if they’d like to schedule a follow-up visit. This lets patients know that you remember them and care about how they’re doing.

The key to all of this is planning. You need an organized system, set to autopilot, so that these things will happen automatically at appropriate opportunities, and so that no patient gets overlooked. This is the only way to make effective follow-through happen on a regular basis for your specialty practice.

But most private practice owners won’t implement this kind of system.

That’s good news for you… if you’re willing to put in the time, knowing that your specialty practice can thrive while others barely survive.

I invite you to visit here frequently for more tips about creating a sustainable private practice!

I wish you the best along your journeys!

Want to learn more about how to build your private practice?

Then Join my team experts for a free strategy session HERE

Have a great day!

the PPW team

 

When It Comes to Productivity in Your Specialty Practice, Are You Just Spinning Your Wheels?

Specialty Practice Isn’t About Productivity—Unless You’re Producing The Right Kind of Work to Sustain Your Long-Term Vision

You work hard, every single day, to keep your specialty practice going—all the moving parts that are inherent in managing a business. You show up with a good positive can-do attitude and put in the hours. You try to make every day as productive as possible, with something to show for it all when you close up the doors at the end of the day. You read the time management and productivity books that tell you how to stay on top of your inbox and touch base with all of the facets of your business.

You’re putting in all the elements they told you about: hard work, passion and enthusiasm, willingness to problem-solve.

But, in the end, does any of that really matter?

There’s so much more to a sustainable specialty practice than just greasing the day-to-day mechanisms to keep it running. It’s not enough to simply work in your business, as if you were an employee. You’re the mastermind of your specialty practice, the source of its true viability. Without a clear long-term vision, when it comes down to it, you’re just spinning your wheels.

What you need is clarity, access to relevant decision-making information, and the kind of high-level business skills that will allow you create a customized path to sustainability and profitability. In other words, you need a road map to success in specialty private practice.

Otherwise, you’ll be lost in the wilderness of day-to-day decisions, never seeing the big picture of where your specialty practice is headed. If you want to be the one driving your practice, instead of simply being driven by external circumstances and the endless nagging needs of daily tasks, you’ve got to climb into the driver’s seat.

I invite you to visit here frequently for more tips about creating a sustainable private practice!

I wish you the best along your journeys!

Want to learn more about how to build your private practice?

Then Join my team experts for a free strategy session HERE

Have a great day!

the PPW team