Five Success Stories:
1.
It’s what you keep that matters….
Ginny worked with a large solo practice to slash
overhead by 28%. Impressive? Certainly, when you consider
that profitability more than doubled since the team
was also able to make the accounts receivable virtually
disappear. Once unable to meet payroll on a regular
basis, this practice is now a thriving fee-for-service
practice. Lesson here: Evaluate profitability, make
the tough calls, implement change and establish financial
guidelines that limit your financial risk.
2. The key to stardom is the rest of the team…
Ginny guided a well-established general practice
to increase production and collection by 70% in one
year, while at the same time reducing their accounts
receivable by 65% over a six-month period. The result
was 50% growth in two years. What's most extraordinary
is that this was achieved while ending their relationship
with a prominent Preferred Provider Organization.
It takes a master plan and an engaged staff to break
through to the next level of success.
3. A healthy continuing care program is essential…
Another general practice was able to triple profitability
in less than one year. Ginny helped them accomplish
this by re-organizing the practice recall system to
reactivate patients of record and by reenergizing
practice internal marketing efforts to attract new
patients to the practice. The staff was empowered
with the training and resources they needed to meet
clear and measurable goals for the practice. Once
training has occurred, systems supported by monitors
make all the difference. Is your continuing care program
as vital as it could be?
4. Office drama is a distraction…
Staff issues and related office drama threatened
to derail a group practice from their goals. A strategic
planning process got them back on track. Together
with eleven staff members and three doctors a successful
team was created by highlighting common ground and
shared goals. With Ginny's guidance, they designed
strategies for their future success and implemented
the action plans to be sure they systematically achieve
their goals together. A shared focus and goals made
all the difference.
5. Systems create order …
A well-established, two-doctor practice successfully
reorganized their administrative department and converted
to a state-of-the-art computer system under Ginny's
direction with minimal disruption to their schedules
and their good humor. The administrative department
was restructured to establish clear responsibility
and accountability for each team member. Monitors
were introduced that provide the doctors with a one-page
comprehensive snapshot of the practice performance
each month. The practice actually increased production
by 15% and collection by 21% during the conversion
process. The business team understands their unique
role in the success of the practice and now with proven
systems in place the future looks very bright for
continued growth and success. Systems insure success
beyond any single employee’s tenure. Is your
future success systematized? Monitors make the attainable,
sustainable.
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