Management
When an employee leaves your clinic do not get too disappointed – they have just given you a chance to do things at a lower cost. When someone gives you two weeks notice, it is the most inexpensive way for you to break ties with that employee.
If you don’t think of your next day in the office as one filled with excitement and extreme importance, then you will likely continue to practice in a mediocre manner.
Health-care facilities can be stressful places for patients and visitors, with depressing waiting rooms, rows of uncomfortable seating, a blaring television. Designers of some medical spaces, however, are remedying the situation.
Patient flow determines practice sustainability, but new patient referrals drive practice growth. There are essentially two reasons patients refer you to new patients: Patients like you, and patients love your product. These reasons are outlined in the NY Times bestselling book Word of Mouth Marketing - How Smart Companies Get People Talking by Andy Sernovitz.
Q: What is the most effective way to achieve balance between patient care and financial health?
Employees have the ability to attract new patients, develop new products and services, and become your greatest salespeople. Alternatively, they can also drive away patients, negatively impact service and product quality, and totally ruin your business. That's why hiring the right person is so important.
As chiropractic health professionals we are very educated and we know how to differentiate things like a sacroiliac dysfunction from a disc injury – but very few of us know how to differentiate a con from a contractor.
Properly negotiating your commercial lease renewal is an important consideration for chiropractic tenants. With effective negotiation, you can sign for a more appropriate lease term, receive valuable tenant inducements (paid by the landlord) and decrease your monthly rent paid to the landlord. Here are a few tips.
How do I buy an existing practice, how much should I pay, and what should I be aware of? These are questions I’ve received most from chiropractors and chiropractic students recently
If results of a recent national survey are any indication, things may be looking up for chiropractors in Canada.
This is a landmark issue that commemorates a very special milestone. In many ways, Canadian Chiropractor magazine has become our professional extended family over the last 20 years. After all, many of us read this magazine regularly – more often than we actually see certain members of our own family.
In terms of value, a 10-year lease for a professional office could easily be a commitment of half a million dollars. Yet doctors rarely give their lease more than a cursory read.
There comes a time in the life of every chiropractor when age has taken its toll and it is time to lay down the instruments, the activators and the tools for practice, pack the bags and move on. After many years of professional practice, many find this a difficult realization. Still, it must happen and the practice will likely have to be sold.
One of the greatest pieces of advice I ever received from one of my mentors was to further my faith, confidence and belief in chiropractic. It was something I took seriously and continue to work on in order to deliver the chiropractic story to my community.
There comes a time in their career when every employee chiropractor would feel it is time to cut the ties and start his or her own practice. However, starting from the ground up is seldom as simple as renting a vacant space, moving in, hanging out one’s shingle and initially attracting a sufficient number of patients to make it pay.
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