This clip from the Mind the Money pillar in our Practice Compass episode “Busy But Broke: Making Your Practice Financially Fit” focuses on paying attention to your dollars.
It's not just about making money—it’s about how you manage it. When you take care of your money, you’re also taking care of your clinic, your team, and ultimately, yourself. 

We meet to talk about enhancing your podiatry practice by focusing on one of the four pillars of success - keeping your staff - while exploring common challenges and offering strategic solutions.

• Staff are vital assets and investments - not expenses
• A well-managed team shows alignment with clinic's purpose and vision
• Team cohesiveness creates a "melting pot" where everyone encourages each other
• When staff mesh well together, it enhances patient experience and builds trust
• Frequent challenges include finding the right people, managing conflict, and adapting to change
• Maintaining proper documentation protects everyone when issues arise
• Communication is fundamental - through regular meetings, one-on-ones, and feedback channels
• Fair compensation matters but culture, validation, and work-life balance matter more 
• Successful staff retention requires treating relationships like marriage - they need ongoing work
• Creating a positive environment where people enjoy working together is the ultimate goal

Financial management serves as the backbone of a sustainable practice, directly impacting your ability to deliver quality care and maintain work-life balance. Our panel of experienced practice owners shares personal journeys from financial struggle to strategic success, revealing practical wisdom gained over decades in business.

• Building financial awareness requires making money management a front-of-mind priority
• Healthcare providers often excel clinically but struggle with business aspects due to lack of training
• Understanding the difference between profitability and cash flow is crucial for practice sustainability
• Surrounding yourself with specialized financial advisors is an investment, not merely an expense
• Knowing your break-even point helps you make strategic decisions rather than reactive ones
• Regular financial check-ins (weekly/monthly) prevent year-end surprises and enable proactive planning
• Normalized financials are essential for practice valuation and eventual transition planning
• Proper fee setting ensures fair compensation while maintaining value for patients
• Reading and understanding financial statements gives you control over your practice's future
• Creating separate business and personal accounts establishes clear financial boundaries

Join us in the next episode as we explore the fourth pillar of practice success: keeping your staff.

We explore the concept of fully managing patients in a practice and how this approach not only improves clinical outcomes but directly enhances business success through patient retention and referrals.

• Fully managing patients means guiding them through their entire healthcare journey from first visit to resolution
• Initial consultations should be comprehensive (45-60 minutes) to establish rapport and understand patient expectations
• Documenting patient expectations in writing prevents miscommunication about treatment goals
• Financial considerations require ethical approaches—providing value without recommending unnecessary treatments builds trust
• Effective patient education requires multiple methods and confirmation of understanding
• Well-trained staff extend patient management beyond the treatment room
• Follow-up systems prevent patients from "falling through the cracks" and becoming liabilities
• Creating policies around attendance, payment, and behavior sets clear expectations for both patients and practitioners
• Internal marketing to existing patients is more cost-effective than external campaigns
• A deeper "toolbox" of treatment options enables comprehensive management plans rather than single-modality approaches

For more resources on implementing complete patient management in your practice, visit foothealthnetwork.com or contact our team of experienced podiatry practice consultants.

Scheduling is the cornerstone of successful podiatry practice management, with the potential to transform both profitability and quality of life for practitioners. Our expert panel shares strategies to break free from the "hamster wheel" approach and build schedules that prioritize both patient care and provider wellbeing.

• The quality versus quantity paradigm shift – seeing fewer patients can actually lead to higher billings
• Key elements of a well-structured schedule: profitability, balance, and running on time
• Why being "booked solid" for months is actually detrimental to your practice
• The importance of allocating adequate time for initial consultations to build patient rapport and set expectations
• How poor scheduling negatively impacts staff morale, patient experience, and revenue
• Practical scheduling strategies including emergency appointment blocks, templating, and patient triage
• Effective approaches to reduce no-shows and handle cancellations
• Finding the balance between structure and flexibility in your scheduling
• Tips for transitioning an established practice to a more effective scheduling system

Visit thefoothealthnetwork.ca for more tips, resources and updates to enhance your practice and enrich your life.