#239 Before You Open a Second Location, Ask What You Want Your Week to Look Like
From NatRevMD · 26:31
Show by NatRevMD
Send us Fan MailIf you own a practice, growth can mean more patients, another location, or more time. Dr. Mike Woo-Ming owns a practice with employees in Southern California, coaches physicians who want to start their own, and is CEO of the Doctor Podcast Network. He shares the questions he asks owners before he helps them grow, how he decides when to pause a venture, and why he always keeps a coach two steps ahead of him.What you’ll learn:Why “more patients” and “fewer hours” are two different goals, and why each one needs its own planHow to grow with the patients you already have, by offering your other services to them before chasing new onesHow to tell whether a second location is the real goal or just the direction you think you should goHow Mike decides when to pause or stop a venture, and why pulling the plug isn’t a failureWhy he keeps a coach two steps ahead of him, and why one coach doesn’t have to cover everythingFree resources from NatRevMD:Billing Performance Scorecard: before you chase more patients, enter six numbers from the system you already use and see green, yellow or red, the dollar value of every red, and a one-page 90-day plan. https://eligibility.natrevmd.com/natrevmd-billing-performance-scorecard-actionable-planPractice Financial Health Dashboard: a free workbook to see where your revenue and costs stand before you choose between more patients, more hours or another location. https://eligibility.natrevmd.com/free-practice-financial-health-dashboard-for-physicians-natrevmdMulti-Site Revenue Cycle Scorecard: for practices already running three or more sites, a score of how your revenue cycle holds up across every location. https://eligibility.natrevmd.com/natrevmd-multisite-scorecardFree Metrics Audit: a physician-led second opinion on your numbers. https://eligibility.natrevmd.com/metrics-audit-natrevmdConnect with Dr. Mike Woo-Ming: BootstrapMD, his podcast for physician entrepreneurs: https://www.bootstrapmd.comListen and follow: Apple Podcasts: https://podcasts.apple.com/us/podcast/natrevmd/id1624182351 Spotify: https://open.spotify.com/show/2tkjCQUsqBMOwJzHUx20fS YouTube: https://youtube.com/@NatRevMD LinkedIn: https://linkedin.com/company/79500978/For more, visit natrevmd.com.Support the show
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