EYE OWN A BUSINESS

Increasing Revenue by Decreasing Payroll


Listen Later

In this episode with Ankit Patel, founder of My Business Care Team, we delve into a transformative approach that Ankit implemented in his practice. By leveraging a remote workforce in the Philippines, Ankit's practice achieved remarkable results. Most notably a 33% increase in revenue per patient and a 28% reduction in payroll.  

Previously, distractions and administrative tasks limited the support on-site employees could provide. However, by delegating calls and administrative responsibilities to remote staff, valuable time was freed up. This additional time spent with patients translated into a noteworthy increase in average revenue per patient. Interestingly, this shift in staffing also opened doors to a more skilled and diverse pool of candidates due to the ability to pay above market rates.  

Ankit operates a Business Processing Outsourcing service, which provides comprehensive oversight for the remote workforce. This approach differs from employing Virtual Assistants, where the practice takes on the responsibility of training, managing, and supervising the VA. 

Ankit's experience serves as a valuable example of how reimagining staffing strategies can lead to substantial enhancements in both patient care and financial outcomes. 

...more
View all episodesView all episodes
Download on the App Store

EYE OWN A BUSINESSBy IDOC

  • 5
  • 5
  • 5
  • 5
  • 5

5

18 ratings


More shows like EYE OWN A BUSINESS

View all
Defocus Media Eyecare and Optometry Podcast Network by Defocus Media Eyecare and Optometry Podcast Network

Defocus Media Eyecare and Optometry Podcast Network

59 Listeners

Power Hour Optometry by The Power Practice

Power Hour Optometry

75 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,458 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,458 Listeners

EyeCode Media by Christopher Wolfe, OD, FAAO, Dipl. ABO

EyeCode Media

102 Listeners

20/20 MONEY: The Business of Optometry by Adam Cmejla

20/20 MONEY: The Business of Optometry

80 Listeners

To the Point by Modern Optometry

To the Point

15 Listeners

Four Eyes by Modern Optometry

Four Eyes

19 Listeners

Optometry: The Ultimate O.D. by Optometry: The Ultimate O.D. Podcast

Optometry: The Ultimate O.D.

20 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

29,223 Listeners

Optometric Insights Media by Dr. Dave Kading & Dr. Mile Brujic

Optometric Insights Media

21 Listeners

The Optometry Money Podcast by Evon Mendrin CFP®, CSLP®

The Optometry Money Podcast

14 Listeners

Cleinman Connect Podcast by Cleinman Performance Partners

Cleinman Connect Podcast

0 Listeners

The Jefferson Fisher Podcast by Civility Media

The Jefferson Fisher Podcast

8,423 Listeners

Optometrists Building Empires by Ankit Patel

Optometrists Building Empires

5 Listeners