Your Medical Practice Mentor Blog
Alignment – Part 1
Poor alignment cost me $65,000 I had just made the difficult decision to close an office that still had another 13 months on a $5,000-per-month lease. I felt like an imposter and a fraud. My Clinic Director and staff PT had just quit. My wife and I reluctantly stepped...
Owner’s mindset: Incentive Compensation: Part 3
Commission on Sales of Products and Services There are three additional ways to generate more income for our clinicians and staff – in addition to billing units and efficiently managing their caseload. See Parts 1 and 2 of this series. 20% commission on all sales of...
Owners Mindset: Incentive Compensation: Part 2
Tools for Success In Part 1, we introduced the Cascading Schedule, presenting a clear visual guide to prioritizing scheduling for incentive compensation. There are four important tools you need to successfully implement incentive compensation. Master Charge Sheet...
Owner’s Mindset: Incentive Compensation: Part 1
Cascading Schedule We need a new kind of team member. We refer to our team members as “Intrapreneurs.” Intrapreneur: A team member who has an owner’s mindset. They do not assume the risks of an entrepreneur. They have access to the resources and capabilities of...
Lead Yourself: Part 3
Protecting your valuable time In Part 1 of our “Lead Yourself” series, we took a sobering look at The Value of Your Time and determined an equivalent rate of $812 per hour. In Part 2, we discovered the best ways to invest our time by identifying our own High Leverage...
Lead Yourself: Part 2
Identifying and and investing in yourHIGH LEVERAGE (Thrive) ZONE In Leading Yourself: Part 1, we took a sobering look at how much your time is worth as a medical practice owner. When you realize how much your time is actually worth in dollars and cents, it makes it...
Lead Yourself: Part 1
Calculate the Value of Your Time Time is the only finite resource you have! You only have 12 waking hours each day, seven days a week, to live your best life. You cannot store time in a bank and withdraw it; you cannot spend it and make it grow. Time is absolutely...
Spotlight: Motion Stability Physical Therapy
One Group – Two Practice Options: Cash or Insurance There are five milestones on your journey to becoming a thriving hybrid practice. Today, we are talking about Milestone #4 – Sell! Selling our services for cash can be a very difficult challenge to overcome for...
Why you need a Chief of Staff: Part 2
Systems: Second milestone on your journey Part 2: Chief of Staff “No excuses. No explanation. You don’t win on emotion. You win on execution.” ~Tony Dungy One of the biggest challenges you will need to overcome as your organization’s leader is not coming up with ideas...
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