Identifying your practice’s “sweet spot” can bring big results but only after you understand your constraints and have brainstormed multiple ideas to push them back. What is currently your practice’s single biggest constraint to growth? What is the one ingredient that, if you had more of it, would allow your practice to grow most effectively? […]
It’s scary to take a leap and hire another physician when it could cost $80,000 a year. But for this doctor, risk-taking paid off handsomely. It all started with one PA. Whether you’re a small solo-provider practice looking to bring on your first employed provider, a large multi-clinic, multi-provider practice with numerous offices, or somewhere […]
How can you make your patient’s day and add to your profitability? By building a positive culture that appreciates patients, employees, and providers. Follow these six tips. Make their day. That’s the motto of one of my coaching students, Dr. Challa. You might ask, “Make whose day?” The answer is simple: Make your colleague’s day, […]
Don’t assume a possible lawsuit will settle within the limits of your malpractice insurance. Put in place legal protections to repel any potential lawsuits. What can you do to protect yourself, your practice, and your family from the legal risks you must take in your practice? Lawsuits are normally filed against both the doctor and […]
The number of ways to enhance the profits in your medical practice are endless. Consider implementing these six additional tips. A previous blog post featured six tips for making your practice more profitability. This list includes six more vital tips to integrate into your practice. 7. Centralize your scheduling. My company works with a physician […]
Your practice is your business, but it won’t continue unless it makes money. Don’t overlook these proven ways to boost your profit. How can you make your medical practice more profitable? These six vital tips will get you started. 1. Know your financials. When you’re trying to understand a patient’s health status, you first check […]
What steps are you taking to protect the assets of your medical practice against law suits? First, recognize your risks. According to a 2010 AMA report, more than 61 percent of doctors older than fifty-five have been sued at least once. Let’s face it: the odds are not in your favor. Here you are, working […]
Think of how much you spend to attract a new customer. You have lead generation costs… sales costs… higher fulfillment costs as generally a new customer needs a higher level of support than an experienced, established customer of yours.
Build Your Master System Put your team’s know-how about running your medical practice in a tangible format versus locked in the brains of individuals. Dr. Challa is a highly successful gastroenterologist and founder of the Kansas Medical Clinic, a large and growing medical practice with offices across Kansas. As his practice expanded, however, Dr. Challa […]
A Business Coach is an experienced entrepreneur who’s been where you want to go and experienced what you want to experience who can give you the outside perspective and counsel to build a more successful business—without having to go through all the painful trial and error yourself!