There are many great reasons to be in private practice. It’s a rewarding career with high earning potential that gives you the freedom and flexibility to best care for your patients. But working as an independent physician or dentist doesn’t come without its challenges. After all, it’s a business that must be managed well in […]
3 Reasons to be in Private Practice
A difficult reality in American healthcare today is the steady decline of the private practice doctors office. According to the Physicians Foundation 2018 Physician Survey only 31.4% of physicians today identify as independent practice owners or partners. This is down from 48.5% reported in 2012. The reasons for this downward trend are many. For one, […]
Value Based Marketing and the Mistake All Doctors Should Avoid
Buying Designer Jeans My brother was shocked to find out that I spent $200 on a pair of jeans. “How can you afford jeans that expensive?” he asked. “Don’t you know that you can buy a perfectly good pair at the mall for $50?” He wasn’t wrong. $200 jeans was not in my budget, and […]
Why All Top Performers Know They Need a Coach
Studying Excellence Michael Jordan. Tom Brady. Simone Biles. Shaun White. These are some of the biggest names in sports. The level of excellence each has demonstrated in their respective careers has elevated their status beyond the arena of competition, and catapulted them to international fame. While each of the star athletes listed above competed in […]
Management by Objectives: A Proven Leadership Formula
Management by objectives is a useful framework for aligning long term business strategy with the day-to-day tasks of your employees. This post gives a brief history of how management by objectives rose in popularity, modern critiques of its usefulness, and the five steps you can take to implement a version of MBO in your organization […]
Why Your Patients No-Show and What to Do About It
No-shows do more than just waste your time. They’re costing you money. One popular estimate I’ve found pegs the average cost of no-shows in the healthcare industry at $150 billion annually. Another stat breaks that figure down to $150-200 in lost revenue per missed appointment for primary care physicians. Money statistics aside, no-shows are a […]