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How Hiring a Healthcare Business Coach Can Take Your Business to the Next Level

How Hiring a Healthcare Business Coach Can Take Your Business to the Next Level

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How Hiring a Healthcare Business Coach Can Take Your Business to the Next Level

If you’ve been running a successful healthcare practice and are feeling confident in your goals, you are probably wondering why you would need a healthcare business coach. As a healthcare business coach, I can help you see the big picture, offer you an outside perspective, and assist you in accomplishing your goals. I also focus on things that may not be top of mind but will help your success, both personally and professionally. 

 

3 Reasons Why You Should Hire a Healthcare Business Coach:

Exit strategy

Genius zone

Growth

 

Help Plan Your Exit Strategy

An exit strategy is a timeline or plan with actionable steps that are meant to help you work towards your retirement or business endgame. Whether you are just opening your practice or have been in the healthcare business for years and are re-evaluating your goals, defining your exit strategy is crucial to your retirement plan. If you are unsure what that looks like, I can help.

I can help you develop your exit strategy, from running day-to-day operations to creating a timeline with a hard end date. Your exit strategy will be personally catered to your wants and needs, and I will ensure you meet the goals you’ve set for yourself by helping you work smarter, not harder, growing your business, and getting closer to financial freedom each day.

 

Help Target Your Genius Zone

If you haven’t ever utilized your team’s genius zone, you are leaving valuable skills and knowledge on the table. Each team member in your practice has a unique set of skills that, when highlighted, can bring your business to the next level. If you haven’t evaluated your team before, or it’s been a while, and you want to see what other unique skills your team has added, let me help. 

I will do the legwork of figuring out the unique skills that are in your practice’s genius zone and ensure each of those skills is being maximized. This can include a wide range of things, from identifying unused space and turning it into a useful area for your patients to adding a new service within your practice that will generate new revenue. So don’t waste another minute – let’s build your goals with everyone’s genius zone in mind.

 

Help Plan Your Growth

Growth can come in many different forms. Whether you are looking to expand your healthcare team to avoid employee burnout, offer a new service to your patients, or open a second practice, it’s crucial to ensure you’re prepared. While investing in your patients is important, investing in your business is the key to your success. 

Growth can be scary, especially for business owners. There is a lot of risk involved, so how do you know when and if it’s the right time for growth? That’s where I come in. 

I will help to evaluate your finances, your current team, areas of improvement, and your long-term goals. By doing so, I can help you create a growth timeline that is actionable and ensure that the risk is worth the reward. 

As a healthcare business coach, my job is to make your life easier, help keep you on track for your exit strategy, and remind you of the big picture you started with. Don’t waste another minute; reach out today. Before you know it, you’ll be looking forward to everything on your timeline, from hiring your next employee to the day you retire.

How to Choose Your Business Goals

How to Choose Your Business Goals

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How to Choose Your Business Goals

 

Planning goals for your healthcare practice is imperative to your success. It lays the foundation for the future of your practice, your employees, and your patients. So how do you choose which goals are the best fit for your practice? That’s where I come in. As a healthcare business coach, I will ensure your goals are aligned with your vision and help you stay on track to achieve them. 

 

3 Business Goals for Your Healthcare Practice:

 

KPIs

Work smarter, not harder

Financial planning

 

Goal #1: KPIs

 

Key performance indicators (KPIs) measure performance and if a company is achieving its key business goals. In a healthcare business, KPIs can measure all healthcare processes to increase satisfaction. These indicators are used to track your progress towards a goal. KPIs can include patient follow-up rate, patient turnover, and employee turnover. 

 

As a healthcare business coach, my job is to help you set your KPIs and ensure they are being met. If things have changed, they are adjustable as well. By knowing the status of your goals and consistently measuring the success of your practice, we can work together to ensure everything stays on track, and you can start working smarter, not harder.

 

Goal #2: Work Smarter, Not Harder

 

The time for working harder than you need to is over. Now it’s time to maximize your skills and work smarter. You can accomplish all your business goals without feeling stressed or overworked. Giving 100% doesn’t have to mean sacrificing your personal life, free time, or anything in between. 

 

I can help you navigate where most of your time is being spent and start helping you look at ways to reduce the amount of time and energy you are dedicating to it. This could be anything from simple process changes to hiring new team members to help manage the day-to-day tasks. By focusing on working smarter, you gain a positive atmosphere for your team, better alignment towards your goals, and improved mental and physical health.

 

Goal #3: Financial Planning

 

I know money is a major stressor for many healthcare business owners. So how do you avoid falling into that same category after starting your own practice? Know your worth, know your skills, and know your audience. 

 

It may not be one size fits all, but charging the right price for your expertise and knowledge is something many are afraid to do. You worked hard, and you deserve to be paid accordingly. 

 

Each healthcare professional who opens a healthcare practice generally has a specific patient base in mind. As a healthcare business coach, my job is to sell you to your desired audience, so you don’t undersell your skills or experience. As we work to plan your financial goals for your healthcare practice, I can help you achieve them without sacrificing your skills or prices.

 

Your business goals are meant to ensure you stay on track to achieve your retirement goals, run a successful healthcare practice, and still have time for yourself. So, if you haven’t mapped out your goals, reach out to me today. We will work together to ensure you are one step closer to success (and retirement) every day!

Planning Your Healthcare Business Success Starts with a Business Roadmap

Planning Your Healthcare Business Success Starts with a Business Roadmap

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Building a business roadmap takes time and planning. If you have an idea of what you want, executing it is a different story. That’s where I can help. My job as a healthcare business coach is to make your vision a reality by researching, planning, and helping you execute your business roadmap.

5 Tips to Creating Your Ideal Healthcare Business Roadmap:

Identify

Picture it

Segment

Clarity

Milestones

Identify Your Key Objectives, Goals, & Vision for Your Healthcare Practice

Creating a business roadmap for your healthcare practice isn’t one-size-fits-all. Your roadmap should be unique to your business’ mission while highlighting patient care, growth, and other personal and professional goals that align with your long- and short-term vision. 

If your goal is to work smarter, not harder, it’s crucial to align your healthcare business roadmap with that in mind. A healthcare business coach can help you build a business roadmap that is personalized to the needs of your practice and your goals.

What is the Big Picture for Your Healthcare Business?

Your business roadmap should paint a picture. What is the problem you are trying to solve, and how do you plan to solve it? Each action you take is another step towards completing the big picture. It’s easy to get lost in the day-to-day details and planning, losing sight of your big picture. 

As a healthcare business coach, I can help you achieve both. While you focus on your daily tasks, I will keep you on track, ensuring that you are working towards your big-picture goal.

Segment Your Goals Around Your Vision or Mission Statement

A healthcare business roadmap has many parts that correspond with each goal. By segmenting them into their proper groups, each objective is solidified, making it clear what needs to be accomplished to achieve the overall goal. 

For example, if your three main goals are expanding your healthcare team, patient retention, and utilizing office space, integrate your mission statement into tasks that will help you accomplish these goals and group them together accordingly.

Why It’s Important to Define Clear Outcomes for Your Healthcare Business

Creating realistic business outcomes is imperative to your business roadmap. What are you trying to accomplish? Is there something you can do now that you couldn’t do before? Why is that important to your healthcare business? Focusing on clear outcomes allows you to measure your success.

As a healthcare business coach, I will help you create clear outcomes for your practice. Alongside those realistic outcomes, I will ensure that your business roadmap is full of attainable goals that won’t add tremendous stress to your workload and cause burnout.

Set Milestones for Your Healthcare Business Roadmap and Finalize Your Timeline

Now that you have all the pieces for your healthcare business roadmap, the next step is to set your timeline. While getting everything done as quickly as possible may feel like the best choice, I don’t recommend it. It’s imperative to avoid overworking yourself and your team. Give yourself a realistic timeline and include buffer dates because things happen!

I will keep you on track and ensure your timeline is manageable and realistic, so you don’t have to. Don’t forget – it took a lot of time, planning, research, and energy to build your business roadmap. Give yourself the same amount of time to execute it.

So, whether you need guidance to build your healthcare business roadmap from scratch, need advice to refine it and create a more manageable timeline, or just want a second set of eyes, I can help you reach your goals. Reach out for your Complimentary Consultation today! 

 

Mapping Out Your Healthcare Business Goals

Mapping Out Your Healthcare Business Goals

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Whether you are new to being a business owner or have been in business for years, it is never too late to map out your healthcare business goals. No goal is too big or too small, but a sound business strategy for your healthcare practice is imperative to your success. If you aren’t sure where to begin or what goals to focus on, a healthcare business coach can help you map out your goals and accomplish them.

5 Things to Focus on When Setting Realistic Goals for Your Healthcare Business: 

Identify your mission

Choose your customer

Set KPIs

Plan financials and growth

Optimize your genius zones

What is Your Mission Statement, and Why Does it Matter?

While some may see a mission statement as a piece of paper, it should clearly state the purpose of your business and the beliefs behind it. It should be well thought out and be something you will always uphold, no matter the circumstances. Think of it as a starting point that eventually turns into a daily reference. 

The ideal mission statement sets the groundwork for your future success. A healthcare business coach will ensure your mission is engrained throughout your goals and always a focal point.

Choose Your Target Audience & How You Plan to Serve Them

Each business owner sets out to serve a specific audience. Why should patients come to your office? What do you provide? How do you stand out amongst your competitors? These are all questions you should ask yourself as you choose your audience. 

It’s also important to decide if you will offer a range of services or just focus on one initiative. By answering these questions in advance, patients know what your practice offers and will come to your healthcare practice knowing you provide the services they need.

Set Key Performance Indicators for Each Healthcare Business Goal

Key performance indicators (KPIs) are indicators of progress towards a goal. By setting target indicators for each phase of your goal, you can track efficiency, quality, and performance. This also allows for any necessary changes and goals to be realigned if they aren’t working as expected. 

In addition, KPIs evaluate the success of your healthcare business or a specific activity. Some examples of KPIs include revenue growth, revenue per customer, customer retention rate, and overall customer satisfaction.

Plan Financial Goals that Align with Your Growth Plan for Your Healthcare Practice

Your healthcare business goals are imperative to your success. By mapping out your goals, you have objectives to work towards. While your goals may include some financial wins, it’s crucial to have goals dedicated to business finances and growth. 

How often do you plan on hiring new team members? Do you plan on adding other medical professionals to your practice? How are you focusing on employee and patient retention? Financial goal planning allows you to see where you are investing money and offers visibility on those funds’ success and return rate.

Utilize Your Healthcare Team’s Genius Zone

Each member of your healthcare team has a genius zone, which is a unique set of skills they bring to your practice. By focusing on their strengths and skillset and utilizing them, you will bring a unique aspect to your healthcare practice. 

When mapping out your healthcare business goals, focus on your skills and hire for the skills you don’t have. By creating a team where everyone offers something unique, you will be one step closer to achieving your goals.

Mapping out your healthcare business goals can look however you want it to but staying focused and prioritizing what is most important is imperative. As a healthcare business coach, I will help you prioritize your goals, ensure any gaps are accounted for, and help you work smarter, not harder.

 

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How to Support Your Business by Hiring New Team Members

How to Support Your Business by Hiring New Team Members

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If you are scratching your head wondering how hiring more team members will help support your business, you wouldn’t be the first. However, for many business owners, when they think of supporting their business, they think of it in the financial sense. I know that hiring costs money but let me explain.

3 Ways Expanding Your Team Can Support Your Practice:

Morale

Retention

Skills

Why Hiring Increases Morale & Productivity

Yes! Hiring new team members increases overall morale and productivity throughout your company. In addition, this allows for the workload to continue to be dispersed evenly while avoiding burnout within your team. Burnout has taken a toll on many, more so in the past few years, especially for those working in healthcare. 

Employees’ mental health has suffered drastically and affected productivity and company morale. By investing in your company, you are prioritizing your team’s mental health and showing them that you are committed to their success and well-being.

How Hiring Improves Growth and Retention

A business with a high turnover rate is a red flag for employees and your customers. Customers are drawn to a practice where they see familiar faces and know they are in good hands during every visit. 

How Employee Retention Saves Money

By expanding your team, you are improving morale and ensuring each team member has a manageable workload while offering growth opportunities to promote from within. In addition, promoting from within is a great way to improve retention. If your team feels like you are investing in them professionally, they are more likely to stick around for the long haul. 

Investing in a new employee costs time and money. Studies have shown that the cost of employee turnover is very expensive and has numerous side effects that could be detrimental. As a healthcare business coach, it is my job to make sure that every aspect of your business is successful.

Patient Retention

If a patient could create the ideal experience when visiting a medical practice, it would most likely include a friendly and efficient office staff who recognizes them, a short wait time, and consistent communication.

Patients feel more comfortable visiting a practice with the same consistent staff they have grown to know and love. By focusing on employee retention, particularly in customer-facing roles, you allow these relationships to form and increase your overall patient retention. 

This also brings in more money for the practice from both sides; money is saved by avoiding employee turnover, and patients will stay with your practice and even recommend their friends due to their consistent great experiences.

Expanding Your Team Helps Fill Business Need

You’ve heard of working smarter, not harder. Adding more team members is one way to accomplish this. By hiring to fill gaps in your business’ needs, you ensure that no one is being burnt out by working harder on something someone else has a better skill set to accomplish in a shorter amount of time.

While it may not always be easy to relinquish control of the day-to-day duties, you must remember that you hired your team because they were right for the job. One of the biggest things I teach when it comes to working smarter is boundaries. While saying yes to every patient and taking on a bigger workload feels like the right thing to do, it is only a detriment to you and your company.

As you can see, the benefits of expanding your business pay off in many ways. So let me teach you how to work smarter, not harder, and how growing your team will continue to support your business and help you reach the next level!