Master Table of Contents
System 3 – Business
A few things for you to know about the Table of Contents
Every section within Patients to Profits training system is listed below. Scroll down the page and read the short summary to learn what each section is about and then click to watch the video, read the transcript or access the reference materials for that section. Multiple video sections will have only one transcript and one reference folder that applies to material in all videos for that section. Note: Not all sections have reference materials.
MODULE 11 – Adding Profit Centers
The Profit Ladder
Mastering of the art of monetization is how the average practice that makes mediocre money can skyrocket their income just by adding an additional key profit center or two. Learn some simple, and more advanced, methods to boost the revenue of your business along with the always important pitfalls to avoid.
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Reference Materials
This section continues with the discussion of adding additional providers to your clinic to maximize your income, as well as the prospect of investing outside of your practice.
MODULE 12 – Hiring Additional Providers
Hiring a Chiropractor
Does the thought of increasing your time freedom while also increasing your income sound appealing? Find out if you, and your clinic, have the profitability and viability to take the plunge and bring another chiropractor on board. And if you’re ready, then you can use the methods of making the deal and compensation concepts revealed in this section to help make it a seamless transition.
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Reference Materials
In this video continuation you will learn specifically how to find and interview the DC, set up the contract and effectively create and manage a win-win relationship. Note: Contract examples are provided
Adding an MD to your DC Practice
Learn the pluses and minuses of having a medical doctor join your practice and see if it’s right for you. Everything from if you are ready to hire an MD to how to structure the relationship, compensation, and even the legalities you should know when setting up this sort of clinic are discussed in this section.
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Reference Materials
Adding a Physical Therapy Department
Adding a PT department can be an excellent way to increase the services and the profitability of a clinic, but it can also be a very expensive and risky endeavor if not approached correctly. This section walks you through the proper way to integrate a physical therapist into your clinic, including how to find them, compensation options, legal considerations, generating PT business, and billing for their services.
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Reference Materials
MODULE 13 – Multiple Clinics
Multiple Clinic Mastery
Opening multiple clinics is something many chiropractors dream about. This section shows you how building an empire is not the impossible venture than many assume it is and gives you the real advice for doing it right! See if the finances, risk and timing for your practice indicate it’s really ready to expand.
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Reference Materials
In this continuation of the first video the focus turns to space issues, economies of scale and financial and goal planning; along with the realities and the common mistakes that many doctors make when venturing out into multiple clinics.
MODULE 14 – Selling a Practice
Selling Your Practice for a Premium
Whether you want to sell your clinic and move on from the profession altogether or dive into the business of buying and selling practices, this section will help demystify the process of how to do it, covering everything from the financial realities to the methods of the sale and how to find the buyers.
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Reference Materials
This second part continues further into the topic of selling a practice by reviewing the contractual considerations and essentials you must know to protect yourself, along with insight on the buyers mindset and how to transition the doctors and staff to make sure everything is smooth as silk.
MODULE 15 – Stepping Out of Your Practice
Removing Yourself From Practice
In your final move to the ultimate in time freedom, this section discusses how you can still own and run a successful practice (or practices) without stepping foot in the clinic should you choose. Whether you live down the street or across the country, once you understand the concepts, mindset and methods of creating an ‘auto pilot’ practice, you can run the show from down the road or across the country.
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Reference Materials
In this continuation, the conversation digs deeper into more mandatory and effective management techniques, working with a partner, complete delegation and the crucial concepts of managing the statistics and your time. This section concludes with the real world chanllenges that must be considered prior to ‘stepping out of your practice.’