The Truth of Scaling Your Practice

Episode 275 of the Modern Chiropractic Mastery podcast, hosted by Kevin Christie, titled "The Truth of Scaling Your Practice" was published on July 14, 2022 and runs 41 minutes.

July 14, 2022 ·41m · Modern Chiropractic Mastery

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Summary

The Truth of Scaling Your Practice Scaling has become one of those buzzwords we hear often. Uber, Airbnb, and other massive tech companies have made the jargon embedded in the mind of all those in business. Most think of scaling and chiropractic as having multiple offices. Scaling is indeed needed for multiple locations, but I am here to tell you that many fail to scale their one location. The scaling of one office is of vital importance and many who open just one location or multiple fail to scale effectively. I will attempt to guide you into scaling one office so that you can achieve the following benefits of scaling: ● Improved profit margins ● Prevent professional burnout ● Function in your Unique Ability ● Charge what you are worth ● Better patient outcomes ● Enhanced continuity of care for your patients ● Increased valuation of your practice ● Better team members In this episode, I provide you my insights on how you need to be thinking of scaling your one chiropractic office. We will cover the following topics: • The Benefits of Scaling • Your Hourly Collections Capacity • 3 remedies to see the ideal number of patients per hour based on your collections per patient. • Your practice’s Flywheel • What is the key driver of your Flywheel? • My practice’s Flywheel • Financial Models • How to stop doing $20/hour tasks and do $250/hour tasks. “Act Your Wage!” • Backward Induction • People and Processes for Scaling • Playbooks you need for your practice • Lastly, we provide you with homework to do for your practice. You can get the complete PDF on scaling here: https://bit.ly/csascaling We would like to also thank our sponsors: New free SEO training for chiropractors https://propelyourcompany.com/register-chiropractic-seo-workshop/ Chiropractic Office Design https://www.ChiropracticOfficeDesign.com Dr. Holly Tucker: Numbers you need to know https://mailchi.mp/adc81949e51d/numbers-you-need-to-know