Identifying Where You're Losing Money, Revenue, And Profit: Grow Your Practice LIVE Ep 11

Grow Your Practice Podcast

Join Chad Madden in this episode of 'Grow Your Practice' as he dives into strategies to identify where you're losing money and boost your practice's profitability. From personal stories and real-world examples, learn how to audit at a granular level, discover hidden pitfalls, and leverage the Profit Leak Audit. Explore how understanding detailed metrics instead of just surface numbers can transform your practice. Plus, learn about the Profitability Under Pressure program designed to help practice owners thrive even in challenging economic times. Tune in for actionable insights and proven methods that have helped many practice owners increase their revenue.

Are you a practice owner who would like to join these live calls?

Register here: https://info.getbreakthrough.com/gyp-weekly-call-wbn

If you find this episode helpful, we have the 'Profitability Under Pressure' program, a 13-week course with insights into improving time management, managing payer mix, enhancing patient lifetime value, and more. Success stories from various practice owners who implemented these strategies are shared, highlighting significant growth and financial stability achieved.

To learn more and apply for Profitability Under Pressure, visit: https://hubs.la/Q02H_3Sl0

00:00 Introduction to the Podcast

00:21 Identifying Revenue Losses

01:08 The Importance of Metrics

01:54 Granular Analysis in Practice

03:48 Auditing for Improvement

05:18 Real-Life Examples of Auditing

06:16 Addressing Clinician Performance

08:04 Handling Documentation Issues

09:32 Discovering Billing Errors

11:13 Theft and Financial Mismanagement

14:49 Positive Outcomes from Auditing

15:03 Profitability Under Pressure Program

24:40 Success Stories and Testimonials

30:21 Conclusion and Final Thoughts