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Juggling the Many Hats of a Private Practice Owner: Grow Your Practice LIVE Ep 7
Manage episode 430829839 series 1259956
In this episode of the Grow Your Practice podcast, host Chad Madden discusses common challenges faced by private practice owners, particularly the feeling of wearing too many hats and juggling numerous responsibilities. Chad shares effective systems and strategies for prioritizing tasks and delegating less valuable activities to free up time for more critical functions, such as team building and process improvement. The episode includes practical exercises on listing out weekly activities and assigning dollar values to them, helping owners focus on high-leverage tasks to enhance the overall growth and profitability of their practice. The discussion touches on various operational aspects like marketing, billing, and team management, providing actionable insights to help owners streamline their practice management and regain control of their time.
If you find this episode helpful, we have the 'Profitability Under Pressure' program, a 13-week course with insights into improving time management, managing payer mix, enhancing patient lifetime value, and more. Success stories from various practice owners who implemented these strategies are shared, highlighting significant growth and financial stability achieved.
To learn more and apply for Profitability Under Pressure, visit: https://hubs.la/Q02H_3Sl0
00:00 Introduction to the Podcast
00:19 The Challenge of Wearing Too Many Hats
00:42 Prioritization Systems for Practice Owners
02:38 The Importance of Processes and Systems
02:57 Detailed Example: Clinician's Workflow
04:46 Applying Systems to Business Operations
05:58 Exercise: Identifying and Valuing Tasks
13:26 Profitability Under Pressure Course Introduction
15:21 Valuing Your Time and Delegating Tasks
24:18 Final Thoughts and Next Steps
240 episodes
Manage episode 430829839 series 1259956
In this episode of the Grow Your Practice podcast, host Chad Madden discusses common challenges faced by private practice owners, particularly the feeling of wearing too many hats and juggling numerous responsibilities. Chad shares effective systems and strategies for prioritizing tasks and delegating less valuable activities to free up time for more critical functions, such as team building and process improvement. The episode includes practical exercises on listing out weekly activities and assigning dollar values to them, helping owners focus on high-leverage tasks to enhance the overall growth and profitability of their practice. The discussion touches on various operational aspects like marketing, billing, and team management, providing actionable insights to help owners streamline their practice management and regain control of their time.
If you find this episode helpful, we have the 'Profitability Under Pressure' program, a 13-week course with insights into improving time management, managing payer mix, enhancing patient lifetime value, and more. Success stories from various practice owners who implemented these strategies are shared, highlighting significant growth and financial stability achieved.
To learn more and apply for Profitability Under Pressure, visit: https://hubs.la/Q02H_3Sl0
00:00 Introduction to the Podcast
00:19 The Challenge of Wearing Too Many Hats
00:42 Prioritization Systems for Practice Owners
02:38 The Importance of Processes and Systems
02:57 Detailed Example: Clinician's Workflow
04:46 Applying Systems to Business Operations
05:58 Exercise: Identifying and Valuing Tasks
13:26 Profitability Under Pressure Course Introduction
15:21 Valuing Your Time and Delegating Tasks
24:18 Final Thoughts and Next Steps
240 episodes
All episodes
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