If you’re a cash-based practice owner looking to take your business to new heights, then the episode below is tailor-made for you. In it, I address one of the most common and critical oversights that cash-practice owners tend to make: a lack of attention to key performance indicators, or KPIs for short.

Making the most of any practice goes beyond providing exceptional care. It requires tracking progress and making data-driven decisions that can provide predictable results. And that’s why this week’s video delves into the specific KPIs I use in my own thriving cash-based practice as well as recommend that all my practice-owner coaching clients use to optimize their businesses. 

By understanding how to leverage these metrics, you’ll gain valuable insights that can unlock the true potential of your healthcare business and pave the way for enduring success.

More specifically, I discuss these topics related to cash-practice KPIs:

• Which metrics can enable you to predict what your practice schedule will look like a few weeks down the road, while there’s still plenty of time to do something about it.
• How drop-off rate can be used to determine when you need to make adjustments in terms of patient followup or additional training for your staff.
• The KPI that can help you ensure you create a lot more buzz for your practice.
• How to use metrics to discover which of your marketing efforts are bearing fruit and which referral relationships are most important to focus on.

 

The key KPI’s every cash-based practice owner must track

I’ve got a free resource for you: “Cash Practice Staff Meeting Template and Checklist,” the tool I use to guide my staff meetings and ensure that my practice is operating at its peak performance.

Click below to download this resource that can help you cover all the essential aspects of your practice that contribute to outstanding profits and results.

Thanks so much for checking out this week’s video… hope you enjoy the resource!

 

HERE ARE SOME MORE EPISODES THAT EXPLAIN HOW TO USE KPIS TO IMPROVE YOUR RESULTS:

Key performance indicators to track for a cash-based practice

This episode explains exactly which metrics are important to understand for each area of business as well as for practices at different developmental stages.

The fastest way to create a solid business plan for the new year

In this video, you’ll learn about the easiest way to approach annual business planning for your practice through the use of a simple SWOT analysis.

Plugging Profit Leaks Throughout the Patient Lifecycle

In this podcast, you’ll hear specific tips for how to find and plug profit leaks that are costing your business money, including strategies for minimizing drop-offs from the schedule.

 

MORE RESOURCES TO HELP YOU OPTIMIZE YOUR PRACTICE:

How to Recession-Proof Your Practice in 2 Hours

This Masterclass will teach you how you can proactively disaster-proof your practice, so you can enjoy the confidence and peace of mind that comes from knowing your business is prepared to thrive even through economic downturns and turbulent times. Check it out here.

 

How to increase your cash pay rates, maximize profits, and minimize customer pushback on cost

In this 1-hour Masterclass, you’ll learn the exact pricing strategies Jarod’s clients use to increase their profit per patient visit by 25%-50% practically overnight. Find out how you can discover your market’s “price threshold,” so you can get paid what you’re worth while eliminating any risk associated with implementing a price increase. Check it out here.