Patient loyalty is critical to the success of your practice. Repeat visits are what keep your business ticking along. The happier your patients, the more likely they are to come back – and to recommend your practice to friends and family. Delivering great care and building rapport are two key elements that go into driving customer loyalty, but there’s one simple factor that often goes overlooked: thanking your patients.
READ MOREDental Practice for Sale: Tips and Tricks for Buying and Selling
Owning your dental practice can be great for your bottom line – and your own financial planning. And with the pandemic increasing the number of dental practices on the market, now can be a great time to buy. But like any kind of property ownership, the numbers need to make sense before you sign on the bottom line. Here’s what to know about buying a dental practice and selling it when the time is right.
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How to Measure Performance
and Drive Success for Your
Medical Practice
Medical practices are dealing with increased responsibilities, wider service provision, and tighter bottom lines. In this context, every decision, minute, and dollar count. But without robust benchmarking, it’s impossible to know how your practice is performing and where gains can be made. Here’s how to measure your clinic’s performance and use it to drive future success.
READ MOREHow Medical Practices Can Navigate Supply Chain Disruptions
The global supply chain is under strain, and the healthcare sector isn’t immune. Shortages of critical healthcare supplies can quickly become serious. We saw this at the beginning of the pandemic when PPE supplies were a major issue, and the issue is back in the news, in which shortages are touching just about every industry area.
Here’s what to know about the supply chain challenges – and how to plan around potential shortages.
READ MORECritical Touchpoints in the Patient Journey
Connecting with patients is key to providing high-impact care. Today’s providers need to offer a seamless experience at five critical touchpoints to ensure that patients remain engaged, and their expectations are met. Here’s what to know.
READ MORE4 Budgeting Tips for Physicians
Running a successful practice isn’t just about great patient relationships. It’s also about strategically managing the business side of things. Paying careful attention to expenses, overheads and processes can help you keep your bottom line in the black – allowing you to re-invest in your practice and continue to build your reputation.
READ MOREPositive Culture is Crucial to a Practice’s Success
A positive organizational culture is one of the most critical elements of business success. A healthy workplace culture helps employees thrive, attracts high-performing talent, and ensures a positive experience for patients and others who interact with your team.
READ MORECan The View From Your Medical Office Pay Off?
Where you practice affects how you practice – and the overall patient experience. Healthcare providers who work in visually appealing settings offer an improved experience for patients and a desirable workplace for staff. An address with high-quality views also positively affects your standing in the market, commanding 6% higher rents for owners and landlords.
READ MOREPlay Ball: Ways to Turn New Patients Into Loyal Fans
A loyal patient base will keep your practice chugging along, but to build your brand, reputation, and bottom line, you need a steady influx of new patients. However, the passive patient referral networks and systems of the old days are no longer enough. The shift to digital and the changes ushered in by COVID mean that medical practices need to be proactive about new patient outreach. Here are some simple ways to bolster your patient rosters.
READ MOREEssential Tech Tools to Make Your Practice More Efficient
Is your medical practice reliant on routines and processes that exist just because that’s how it’s always been done? If your paperwork is piling up, staff are struggling to stay on top of admin, and you find yourself wasting time on routine tasks, it’s time to throw out those old processes and embrace the efficiencies afforded by technology.
READ MOREAchieving 360 Degrees of Healthcare
Every healthcare practice today strives to deliver improved patient outcomes in a patient-centered environment. But paper-based processes together with decentralized EHR and patient relationship management systems make it impossible for providers to achieve a truly 360-degree view of every patient – and that patient’s journey.
When providers invest in powerful, centralized solutions, they’re able to see at a glance, a full picture of a patient’s medical history, personal background, and communication preferences – allowing providers to provide seamless care that meets the patient where they are.
READ MOREHow to Boost Healthcare Employee Engagement to Ensure Success
The impact of COVID-19 has been significant – and the healthcare industry hasn’t gone unscathed. Shutdowns reduced patient loads, new protective measures, and the shift to telehealth have all affected bottom lines. But disruption doesn’t have to mean disaster. Studies show that employee engagement is key to building organizational resilience and maintaining a sure footing in the market even as the effects of COVID-19 continue to unfold.
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