Frequently asked questions From
We help you answer the most important questions for practice owners
There are few different ways to increase revenue in your practice:
- Increasing the number of patients, you see / increasing patient revenue.
- Increasing diversity of services/specialties for your patients.
- Adding additional revenue streams, such as products to your office(s).
- A complete review of operations to minimize current expenses.
All of these, and more, can be discussed during an initial conversation. We can begin to create different strategies.
- Adding staff (professional and support).
- Adding space to meet your current needs.
- Looking to move to another office space.
- Looking to add another office
- Purchasing another practice.
Once you have defined your direction, a conversation with us can help you determine if this is a good fit at this time, based upon an evaluation of your current operations. If so, we can assist you on working on a strategic effort to get you to your goals.
Chances are, YES. There are always ways to be more efficient at anything we do. Where are you as the business owner? Are you acting as an employee or the owner? Let’s ask that a different way: Are working IN their business, or ON their business. When you have the ability to work ON your business, you become more efficient. We successfully show practice owners how to work ON their business.
What is your definition of success? Most likely, THEY did what you are doing now… asking questions and seeking answers. They have a vision for their practice, established goals and worked with someone that helped them reach their goals. This is exactly what we do, when we work with clients. We have a conversation to see where you are at currently, find out where you’d like to go and we implement strategies that assist you to get there.
Your Questions are the most important
Among practice owners this is a valid (and very real) question for so many. How does one treat patients, day after day, year after year and have that not take a toll on your body? What is your back up plan for when your hands, back, shoulders begin to wear out? What happens when you can’t treat patients due to an illness, accident or the unforeseen? How will you achieve your goals (wealth accumulation, retirement, legacy)? We share strategies on how to prepare and protect YOU.
Most practice owners start looking at their exit from their business when they’ve “had it!”. I want out! To answer the question above, the planning to exit should have started YEARS AGO. It doesn’t matter if you are just starting out or have been a D.C. for 30 years. You should start this part of planning 7 – 10 years PREVIOUS to wanting to exit. We work with owners and strategize every possible option to exit. Without a well thought out plan in place, the outcome will not be as financially beneficial as it could be.
That is a great question. With everything that is going on today (within the country and your profession), HOW is the most appropriate question. There are roughly 5 ways to exit but some are much more financially lucrative for you than others. We strategize with our clients, explore those 5 ways and assist them in making the decision as to which one is best for them.
Its About Your Business
Have A Question That is Unique To Your Practice?
Sometimes the questions you have may not always have straightforward answers. We are glad to offer private conversations that require delicate resolutions.