The Practice of Distinction
Financial Independence
Wealth CreationIf the practice gets cranking and no one is enjoying the process, what difference does it make? Why go to a place you can't enjoy AND be profitable? In fact, we find as the joy goes up, so does profitability. It takes consistent action to build a place that people want to be. That is the purpose of THE GAME OF BUSINESS CONSULT.
All Consults begin with an initial exam of current performance in the practice. Doctor and team are then interviewed to determine their specific measurable results they want from the consult.
Now that you know what you want your practice to look like,
let’s focus on the skills necessary to make it that way.
let’s focus on the skills necessary to make it that way.
• Focus on the change you want.
• Define the result you want and find someone who’s getting it – that’s modeling.
• What actions are they taking on a consistent basis?
• We’ve got to focus, not on the past, but rather on where you are right now and more importantly, what’s ahead, what you’re going for. Look where you want to go.
In life, the most valuable resource you have is OPE –
Other People’s Experiences.
Other People’s Experiences.
This is The Practice of Distinction's largest strength -- the resources of its people.
The Practice of Distinction does a 20 point analysis and
evaluation of your practice for creating wealth.
evaluation of your practice for creating wealth.
1. Business Overhead 6. Revenue Percentages 11. Plans v. Execution 16. Bonus Opportunities
2. Overall Profitability 7. Collection Rates 12. Business Plan 17. Schedule Efficiency
3. Business Productivity 8. Accounts Receivable 13. Marketing Plan 18. Team Relationships
4. Procedure Analysis 9. Insurance Management 14. Exit / Transitions 19. Organization Culture
5. Fee Analysis 10. New Patient Flow 15. Staff Costs/ Benefits 20. Vision / Goals
