1. People.... We MUST provide an unmatched experience for our patients and team.
2. Purpose.... We MUST have a strong culture that unites and serves our team.
3. Profits.... Profits are the "fuel" that drive the train down the tracks. Without it, we are not going ANYWHERE together.
Delivering care in a financial responsible way is EVERYBODY'S responsibility. It is not the SINGLE MOST important thing, however, I will argue that it is JUST AS IMPORTANT as happy patients and a happy team.
Here are the 5 reasons that you do not have the profits that you need from your business at the end of the month.
1. You are not collecting over the counter efficiently.
2. You and your team have not agreed on a financially responsible productivity model OR it's not being implemented.
3. You are not optimizing your billing codes when coding treatment.
4. You are not leveraging your accountant to manage expenses and forecast your finances.
5. You are not managing your billing and collection department to manage collections and forecast your revenue.
Are you managing each of these domains efficiently?
Do you have KPIs that track each of these touch points?
Getting laser focused on these 5 touch points in your business can double your profits in less than 90 days without increasing volume OR working more hours.
Go Get It!!
Be Blessed
Adam Robin, PT, DPT
https://linktr.ee/Dr.AdamRobin