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Identifying Where You're Losing Money, Revenue, And Profit: Grow Your Practice LIVE Ep 12
Manage episode 438467084 series 1259956
Join Chad Madden in this episode of 'Grow Your Practice' as he dives into strategies to identify where you're losing money and boost your practice's profitability. From personal stories and real-world examples, learn how to audit at a granular level, discover hidden pitfalls, and leverage the Profit Leak Audit. Explore how understanding detailed metrics instead of just surface numbers can transform your practice. Plus, learn about the Profitability Under Pressure program designed to help practice owners thrive even in challenging economic times. Tune in for actionable insights and proven methods that have helped many practice owners increase their revenue.
Are you a practice owner who would like to join these live calls?
Register here: https://info.getbreakthrough.com/gyp-weekly-call-wbn
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
00:21 Identifying Revenue Losses
01:08 The Importance of Metrics
01:54 Granular Analysis in Practice
03:48 Auditing for Improvement
05:18 Real-Life Examples of Auditing
06:16 Addressing Clinician Performance
08:04 Handling Documentation Issues
09:32 Discovering Billing Errors
11:13 Theft and Financial Mismanagement
14:49 Positive Outcomes from Auditing
15:03 Profitability Under Pressure Program
24:40 Success Stories and Testimonials
30:21 Conclusion and Final Thoughts
257 episode
Manage episode 438467084 series 1259956
Join Chad Madden in this episode of 'Grow Your Practice' as he dives into strategies to identify where you're losing money and boost your practice's profitability. From personal stories and real-world examples, learn how to audit at a granular level, discover hidden pitfalls, and leverage the Profit Leak Audit. Explore how understanding detailed metrics instead of just surface numbers can transform your practice. Plus, learn about the Profitability Under Pressure program designed to help practice owners thrive even in challenging economic times. Tune in for actionable insights and proven methods that have helped many practice owners increase their revenue.
Are you a practice owner who would like to join these live calls?
Register here: https://info.getbreakthrough.com/gyp-weekly-call-wbn
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
00:21 Identifying Revenue Losses
01:08 The Importance of Metrics
01:54 Granular Analysis in Practice
03:48 Auditing for Improvement
05:18 Real-Life Examples of Auditing
06:16 Addressing Clinician Performance
08:04 Handling Documentation Issues
09:32 Discovering Billing Errors
11:13 Theft and Financial Mismanagement
14:49 Positive Outcomes from Auditing
15:03 Profitability Under Pressure Program
24:40 Success Stories and Testimonials
30:21 Conclusion and Final Thoughts
257 episode
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