Episode 286: Growing vs Scaling a Healthcare Business

Practice Acceleration Podcast

In this podcast episode, we are going to discuss the difference between growing and scaling a healthcare practice and offer insights on achieving desired financial success, work hours, and lifestyle. We emphasize the importance of setting clear goals and reverse-engineering the business model to align with those goals. We share personal experiences of growing without scaling and highlight the need for a balanced approach. We introduce a three-step process for scaling effectively:

1. Get Clear on Goals: Start by setting specific financial and lifestyle goals, considering personal aspirations and needs.
2. Reverse-Engineer the Business Model: Plan the business model around the established goals, focusing on the number of staff, patient count, pricing, and other factors necessary for success.
3. Seek the Right Mentor: Find a mentor who understands the specific level you're at and can provide strategies to reach your immediate goals. Avoid one-size-fits-all approaches and seek advice from experienced mentors.

P.S. If you want to learn more tips about how to get new patients, chat with one of our expert coaches at https://practiceacceleration.com/application and see how we can help you! Thanks so much for joining us this week. We hope you love it! Have some feedback you’d like to share? Leave us a review on iTunes! If you enjoyed this episode, please subscribe and leave an honest review for The Practice Acceleration Podcast on iTunes. Ratings and reviews are super helpful and greatly appreciated as it helps us expose this show to a wider audience- plus, we read each one of them! If you’re looking for ways to grow your healthcare practice even faster, join our free Facebook group - Scale Your Practice.