Fresh perspective for success in healthcare
Category: Practice Ownership
Budgeting as a business is hard enough. And budgeting as a medical practice presents its own set of challenges. Now that tax season has crashed down upon us, it’s time to start going over last year’s expenses, costs, and Uncle Sam debts. As you go over last year’s files, don’t forget you’re eligible for specific
The greatest leaders teach others to lead. That’s all that leadership really is, right? Making space at the top for the next generation of thinkers, shapers, managers, and innovators is ultimately what we want to accomplish in our work. So how do we ensure we’re finding the right talent and grooming it well for the
There are only four core technologies you need to run your practice. Yes, four. Now, you may disagree with some of the product choices below and you may feel that I’m leaving out other things like marketing and website technologies. I am. It’s not that these things aren’t important—but the following four categories are core
It’s not easy finding qualified applicants for nonclinical positions. Between competition from other medical centers, higher pay in other industries triggering turnover, and low unemployment rates – the pool of qualified applicants is shallow at best. There’s only one thing to do. Pay your nonclinical staff more. And here’s why. Your front office employees are
What does a subscription plan for frequent moviegoers have to do with a healthcare practice? A lot, if you’re considering offering a subscription plan for your patients. A subscription model—where you charge an annual or monthly fee for a laundry list of services—can be a very powerful and profitable way to build your healthcare business.
If you’re looking to fill an open position for your medical practice—whether it’s a new physician or registered nurse—your job postings are often the first impression you’ll be making with candidates. In an industry like healthcare, where talent is spread thin, it’s imperative that your job postings are both standing out from the crowd and
Psst. We’ve got the scoop on what your potential patients want. Here’s the five things they’re looking for when choosing a physical therapist. Keep these in your back pocket and use them to grow your practice, increase your revenue and stay ahead of the curve. 1. A patient-centric approach Patients want to be involved in
We started the series talking about your unconscious beliefs that could block your path to being a successful entrepreneur. Now let’s focus on your vision. You need to be clear on why you want to own your business, what kind of practice you want to create, and what work environment or culture you want. This
As a business owner, you have no choice but to constantly look for ways to increase your profit margin. If you’re not growing, you’re dying, right? Check out these 6 tips to boost your profits and stay alive. Revamp your revenue sources. First things first—know exactly where you’re making your money. If you’re relying on
Much like the tech industry in Silicon Valley, the healthcare job market is “full”—meaning that it has less than 3% to 4% unemployment. Since there are more job openings than there is qualified talent to pull from, it’s become not only a challenge, but a competition, to bring in the best candidates. If you want