))
Episode 45: Mastering Financial Systems in General Practice: Build and Maintain a Profitable Clinic with Ryan Sela - Part 1
Manage episode 472347302 series 3621797
Scaling a clinic successfully isn't just about patient care It’s also about having a structured financial system that supports sustainable growth. Yet, many Practice Owners struggle with understanding their numbers, often running on instinct rather than a well-defined framework.
A clear financial operating system is the backbone of any thriving clinic. It ensures every dollar is accounted for, decisions are data-driven, and financial blind spots are eliminated before they become costly mistakes. Without structured financial processes, clinic owners risk losing money, making reactionary decisions, and missing opportunities for growth.
Have a question about this episode?
Ask Todd, Sachin, and over a thousand Owners directly in the SGPO Facebook Group:
https://www.facebook.com/groups/TheSuccessfulGeneralPracticeOwner
In this episode, we’re diving into what a strong financial operating system looks like in a General Practice. We’ll break down common pitfalls, explore how to transition from chaos to clarity, and highlight the key structures that lead to a profitable, scalable practice.
In this episode of the Scale My Clinic Podcast, you’ll learn:
- The four financial stages of a practice and how to move up the pyramid (03:22)
- The hidden costs of DIY bookkeeping and why it’s costing you more than you think (09:04)
- How a poor financial setup increases risk and the red flags that indicate money is slipping through the cracks (21:36)
- Why inaccurate financial reporting is a ticking time bomb for your practice (30:29)
- The essential elements of a financial system that helps you scale with confidence (35:01)
From breaking free of chaotic financial processes to ensuring your financial data tells the right story, this conversation will give you the tools to build a system that supports your clinic’s success.
Listen now to take control of your practice’s financial future.
ABOUT RYAN SELA
Ryan Sela is the General Manager of GP Bookkeeper, an organisation dedicated to enhancing financial management solely for General Practices. With over 9 years of experience, Ryan has expertise in managing finances for over 50 medical practices. His role involves overseeing financial operations, implementing strategies to optimise revenue and reduce costs, and ensuring compliance with financial regulations. Prior to his current role, Ryan gained valuable experience as a Practice Manager, where he developed a deep understanding of the day to day management of a practice and financial intricacies of medical practices.
In addition to his work at GP Bookkeeper, Ryan is also a Financial Operating System coach for Scale My Clinic and the only Profit First Professional in the industry. In this role, he helps medical practices empower their financials by elevating their bookkeeping practices, helping with budgeting and financial reporting. Ryan is passionate about helping medical practices thrive financially. He believes that by fixing their financial focus, practices can achieve greater efficiency, profitability, and overall success.
CONNECT WITH RYAN SELA
Website: www.gpbookkeeper.com.au
GP Bookkeeper Questionnaire: https://bit.ly/GPBKgetstarted
Contact Ryan: 0489 088 517
🎯 Book your free Practice Growth Call here: https://smc.expert/Personalised-Practice-Audit-PC
Missed the previous Episode?
Listen to Episode 44 here: Don’t let circumstance steal your Clinic - with Caroline Holland - Docinsure
73 episodes
Share
