080 - SPECIAL - Running a Successful Audiology Clinic: To Bundle or Not to Bundle

Should you bundle or unbundle your clinic fees? How do you determine which method is best for your business and your patients?  Michael Valente, PhD, joins Dave Kemp to discuss the essential elements every practice owner or clinic manager should know to ensure the viability of their clinic. He describes how he has been able to successfully manage the audiology clinic at Washington University for years, ensuring the clinic remains viable and able to meet the needs of patients for years to come.   In this special presentation, Dr. Valente explains:   How to calculate cost/hour by extracting direct + indirect costs, costs for items dispensed from your P/L and then calculating billable hours   Complete a time analysis of all visit types involved in the dispensing process Convert cost/hour to charge/hour using my Excel spreadsheet after selecting desired profit (%) or desired profit ($) at end of fiscal year  *Important role profit plays in a practice   How to use this information to create bundled and unbundled approaches   Be sure to subscribe to our YouTube channel for the latest episodes each week, and follow This Week in Hearing on LinkedIn and Twitter: https://www.linkedin.com/company/this-week-in-hearing/ https://twitter.com/WeekinHearing