Set your healthcare practice up for success.
PRACTICE ANALYTICS
What questions and thoughts keep you up at night?
Running your own healthcare practice can create stress and anxiety. When you have a waiting room full of patients to keep happy, it can be hard to set aside time to analyze the business side of your practice. Stop losing sleep over your practice and start using business analytics to track key KPIs, analyze opportunities for positive change, and make the decisions that will allow you to thrive!
Am I wasting money on marketing strategies that aren’t working? Are all of my services priced properly? Is it time to hire an office manager or bring another doctor on board? Should I look at expanding my service offerings? What can I do to attract potential buyers to my practice and maximize my sell price?
Here’s where it all starts.
Your production is the underlying engine that drives your profits and your personal wealth. Start with tracking and monitoring metrics such as average patient production, your net patient increase or decrease, your case acceptance rate, and how many patients you are able to see in a day to gain an understanding of where improvements can be made. Check it out..its interactive!
Translate your production improvements to your bottom line.
Your production analysis will tell you how you’re doing operationally…how to get more patients in the door, how to streamline your scheduling so you can see more patients throughout the day, or how to increase the services that your patients can benefit from. Next you have to see how those improvements are putting real dollars into your pocket. That’s where your financial analysis comes in.
We give you more than just numbers.
Great…now you know that your blue bars are taller than your red bars… and some of your yellow dots are above your dashed lines, while some are below. So now you’re left with two questions…what the heck does all that really mean and what can I do to actually improve?
We wouldn’t expect you to perform an x-ray for us and then let us come up with the diagnosis and decide on a treatment plan of our own. That’s why we don’t just give you your practice analytics and wish you good luck. Along with your practice analytics, we provide a Thrive meeting where we can help you understand what these numbers are saying about your practice and come up with a treatment plan to help improve your bottom line.
Want it all? We bundle. You save.
Feel like your practice could benefit from having a healthcare-specific CPA who tracks the books, analyzes your practice analytics, and helps you implement the decisions and steps that need to be taken to help your practice thrive? Bundle practice analytics with our Accounting & Admin package to take full advantage of your numbers!
Give us a shout!