Ep.129: Concerned About Profitability? Here Are The First Actions You Should Take

Let’s discuss “profitability” - this includes improving your community, your staff’s experience, the quality of your care, messaging & branding. On this week’s podcast, Brian reminds his audience that going into business should be a group activity, rather than for the sole profit of the individual. Remember, who you are is more important than what you accomplish.  Episode at a glance:  The secret to success is GIVING  Practice owners who struggle financially typically went into it for the wrong reasons  You want 30% admin, 70% patient engagement  Calculate: average collections per visit, patient demographics, cost per visit, gross income & net revenue  You need to be profiting at least $15 or more per visit/hour  Commit to a 15% growth in income every year no matter what  You’ve got to get your operating expenses down to 10% of your annual gross income  Are you ready for growth? Request your free private practice expansion evaluation