"Recognizing the holes you have in your medical
practice income bucket, is a way to double
your income quickly."
Would you find yourself snapping to attention if someone threw a huge stack of money on your desk, said nothing, and walked out of your medical office without saying a single word? It's how I envision what normally happens when you plug the holes.
If you are a physician, with a small private medical practice business, listen closely. Many of you are struggling along financially and need help, or at least would be thankful for some new income strategies to implement into your practice business revenue.
We agree that every small business owner today had better do something immediately to prop up their declining income. However, even more important than maintaining a level flow of income, a professional business must work at increasing revenues consistently, and long term.
Every medical doctor continues to seek out methods to do that, experts to tell them how to do that, and resources that enable you to accomplish it. Those are not easy to find.
Small medical practice businesses suffer from being outsiders to most other kinds of businesses. Physicians are isolated from the interactions of most other non-professional businesses, which does contribute to also being outside the circles of business education, new business strategies, and contacts with the business experts who can be of great help to them.
How do you find that kind of expert help?
The fact that doctors are rarely educated in business principles during their professional education and training, moves them further away from the business help they need for financial survival.
Consider these search options to learn medical practice business and marketing...
- Have you wised up to the fact you are running an actual small business and have no
reliable knowledge of how to run a business and make it highly successful?
- Have you taken on the responsibility of learning how to run a small business efficiently
and profitably?
- Do you read business books, take business newsletters, subscribe to
marketing newsletters?
- Do you attend business seminars for professionals outside the medical arena?
- Are you aware of the names and histories of business experts who offer advice,
teach seminars, write books, and do personal business coaching?
If you answered NO to any or all of these questions, indications are that you are a medical professional who believes the outdated dogma promoted by medical educators (you don’t really need to have a business education to practice medicine), or that you have no desire or intention to reach your full potential as a professional.
Chances are that you are happy with the mediocre medical practice you have now that is slowly going downhill. You probably don’t even realize it's happening to your practice because you have no business standards to measure the changes that are taking place silently.
Had you been doing a few of the tasks mentioned in the series of questions above, you would already know who to seek help from. It won’t do much good to ask other doctors around you, because 95% of them are in the same boat as you.
Most business experts who are outside the health care industry and medical professions, are the only ones who will give you everything you need to earn more in your practice. Others with some business knowledge help, but only to give you new ideas that you have to learn to do yourself. You surely have read articles in Medical Economics Magazine, written by other doctors, CPAs, attorneys, and assumed business experts.
While reading those articles, have you noticed that almost all of them focus on telling you what you should do for marketing and improving your income and business growth, and never mention the "HOW" to do it.
Have you been able to find a single book on Amazon that does anything more than tell you "WHAT" to do and nothing about how to do it?
What you need to reach your highest medical practice potential and profitability...
You need to create…
1. A business system implemented into every segment of your
medical business
2. A reliable and workable set of business strategies to make
each business system run on automatic
3. A written small business plan for your particular medical
business type before you can do the above two steps
4. A long-term primary goal for your medical practice business
and a series of progressive short term goals to reach the primary goal
5. A good foundational knowledge of business principles before
you can create the four steps above
6. A firm commitment, sworn on your family integrity, that you
will go to any extreme to take action on everything you
have envisioned for yourself. Meaning, you intend to do what
it takes to rise to your greatest productivity in your medical
business and you won’t quit until you have accomplished it.
The medical business can then run on its own without
much management.
You start with #6 and work up the line. You can do it yourself or pay
an expert a lot of money to do it for you.
These seven major business systems below are commonly promoted because of their long standing value and reliability for growing businesses and creating instant income for owners. Thankfully, there are a few business strategists and experts who now provide the step-by-step process for anyone to follow and succeed using these systems.
What are the 7 Major Systems for generating instant income?
1. Prospecting and Lead Generating System... a continuing and recurrent active process of recruiting new patients.
2. Internet Selling System... your business website attracts interested prospects, captures their info, and convinces them you have the best skills and knowledge to manage their medical problems.
3. Your Sales and Lead Conversion System... once the first two have pre-conditioned prospective patients, then you must persuade (sell) them to become your patient.
4. Key Performance Reporting System... measurements and profitability performance indicators that tell you how you’re doing--it requires keeping records and close attention to those data sheets.
5. Your New Business Development System... constantly identifying potential new patients, new sources for patients, and establishing new or different medical services that turn into a secondary source of income.
6. Publicity and Media System... arrange for your medical practice to have widespread attention in all the media formats... business promotions, press releases, etc.
7. Your Cash-Flow Generating Staff... ensure your staff is empowered and instructed to make money for the business. They must understand that they are there to work with an eye towards
generating income for your medical practice business.
You can find more details about this overall process from a highly regarded business expert, Janet Switzer. Her full program used to run about $797+ and includes many bonuses. Contact them at support@instantincome.com. Subscribe to her newsletter for a wider expanse of business knowledge. Her website is www.instantincome.com .
This website covers these topics and how to do them in separate articles.
Special Comment:
By familiarizing yourself with the medical practice business facts and advice contained in this private medical practice business and marketing website content, that is available to you in only one place in the world of medical practice in our nation today (2021-22), you can be sure that your private medical practice business will never fail you, when and if you choose to follow the advice.
Secondly, you will not only reach your ultimate potential faster and more assuredly than over 95% of other physicians, but also you will build a medical practice that can withstand all of the government mandates and restrictions on private medical practices that increasingly continue to
harass you daily.
----Professional Probe----
"If you are physicians, this is what
you are asking yourself."
"If you can find the holes in your private practice income bucket, you may have a significant probability of powering-up your practice income by ways that aren't related to finding new patients. Investigations into the seven major systems that generate income will open up your eyes to the critical elements of business that you are lacking. The many articles on this website will teach you about those profit maximizers."
Articles©2013-2022/CGG INVESTMENTS LLC. All rights reserved. #100 , 3-18-22
