5 Warning Signs You Are NOT Ready To Hire A Physician In Your Private Practice The EntreMD podcast

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5 Warning Signs You Are NOT Ready to Hire a Physician in Your Private Practice

6d ago 20:34

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How do you know you're ready to hire a new physician in your private practice?

This is a question that I am asked a lot, and it is so important to answer, because when it is done wrong, it can create unbelievable stress, strain, and chaos in what was once a very calm and successful private practice. So, before you make that potentially detrimental hire, ask yourself whether your practice is really ready for that kind of growth.

In this episode, I’m walking you through the five critical warning signs that tell you it’s not the right time to expand and explaining how to set yourself up for success in the future.

Tune in!

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Key Takeaways:

00:00 Intro
03:47 Your schedule is not full
05:16 Your cash flow is inconsistent
07:10 You don’t have a predictable patient acquisition system
11:33 You don’t know your numbers
13:20 You haven't embraced your role as a leader
16:07 Project-based approach to practice improvement
19:32 Outro

Additional Resources:

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To get on a call with my team to determine your next best step, go here ...

Chapters

1. Why Hiring Too Soon Hurts Practices (00:00:00)

2. Show Mission And Host Intro (00:00:18)

3. The Core Question: Are You Ready? (00:00:36)

4. Five Signs Framework Explained (00:01:59)

5. Sign 1: Schedule Not Full (00:03:47)

6. Sign 2: Inconsistent Cash Flow (00:05:16)

7. Billing Systems And Metrics (00:07:15)

8. Sign 3: No Patient Acquisition Engine (00:08:37)

9. Building Predictable Marketing And Referrals (00:10:20)

10. Resources: Book And Movement (00:12:20)

11. Sign 4: You Don’t Know Your Numbers (00:14:43)

12. Essential Financial Metrics To Track (00:17:25)

13. Sign 5: You Haven’t Embraced Leadership (00:19:25)

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