6 signs you need to change your private practice business attitude
For most private practice owners that work in their practice, the divide between the clinical and business work can be extremely difficult to balance. In our experience, about a third of the private practice owners that we’ve worked with consider the clinical part of their role to be their “main job”, while the business side is just a necessary responsibility.
Making tough decisions in your private practice
There’s an old story that in pursuit of a pen that would work for keeping notes during space missions, the Americans spent millions of dollars to invent just such an item. It worked and was a brilliantly created pen that served its purpose. The Russians, on the other hand, came up with a different solution. If you follow this article through to the end, you’ll find out what that was. Making tough decisions in private practice is essentially the same as making them in any…
Are your clients going to your competitors? Don’t panic just yet!
Clients come and go. That’s the reality of running a private practice and you accept that it’s just a part of the journey. But there are some patterns in your clients’ departure that can cause you all sorts of panic and concern: When existing clients leave you to go to your competitors, and When potential clients don’t find you because they’ve gone to your competitors. Here, “competitors” refers to any other private practice in the same “league” in relation to marketing – e.g. They’re in…
Why don’t clients come back? 8 mistakes you could be making in your private practice
As a private practice owner, you know all too well that client retention is important. Specifically, high client retention is critical to the success of your practice. Related: What is client retention and how do you calculate it? While there are a number of ways to measure client retention in your practice in a way that’s most suitable for your specific needs, the general rule is this: The more sessions your clients have on average, the better. Better for revenue, completion of the care…
Dealing with fees and payments in private practice: Dos and Don’ts
The sad reality of running a private practice is that it’s not always easy to get clients to pay on time, the full amount, or at all. For a lot of private practice owners and healthcare professionals (and especially the non-confrontational ones), it can be a very stressful challenge. Non-payment doesn’t only hurt the business, but can also damage the client-practitioner relationship, impact the practitioner’s self-esteem and negatively affect the client care. With these consequences in mind, below are some dos and don’ts for dealing…