MILLION DOLLAR CHIRO: The Podcast for Chiropractic Practice Owners

Ep. 16: How To Know When It Is Time To Scale

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SUMMARY:

In this podcast episode, Dr. Duncan discusses the process of scaling a chiropractic practice. She covers topics such as when to know when it's time to scale, the key signs indicating readiness, the role of financials in scaling, and the logistics of running multiple clinics. She emphasizes the importance of a full patient schedule, maintaining high-quality patient care through growth, and using identical systems across locations. Dr. Duncan shares her experience of bringing additional chiropractors onto her team and opening a second clinic location. She provides insights into the decision-making process and considerations for location selection. It's vital to have rock solid systems in place before scaling.

If you are seeking to grow your existing practice and want personalized coaching throughout the process, you can apply for one-on-one coaching with Dr. Duncan.

TAKEAWAYS:

  • Key signs that indicate a clinic is ready to scale include plateauing on collections, inability to schedule patients in a timely manner, and being maxed out on space for your office to grow.
  • Financials play a crucial role in scaling a chiropractic practice, including considering the cost of hiring and paying an associate doctor, as well as the increased cost of operating the clinic.
  • When opening a second clinic, it is important to replicate the same infrastructure and system in the new location as the existing to maintain consistent patient care.
  • Maintaining a high level of patient care during the scaling process requires the owning doctor to be physically present in both locations to quality of care.
  • Hiring the right people is crucial for successful scaling.

    • Ready to take your business or chiropractic practice to the next level? Enroll in our online course or apply for one-on-one coaching with Dr. Duncan!

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    MILLION DOLLAR CHIRO: The Podcast for Chiropractic Practice OwnersBy Dr. Mary Frances Duncan
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