In order to calculate patient lifetime value, you must first have your: Gross Profit per Appointment Patient Recall Rate Patient Lifespan (or Patient Churn Rate) Once you have these figures, finding Patient Lifetime Value is simple. The hard part is the pre-work. Patient Lifetime Value Formula Multiply your patient lifespan by your patient recall rate…
What is Patient Lifetime Value, exactly? Simply put, it is an estimate of the total money you receive for services for a patient (or client) during their lifetime. The term is a bit off putting. How does “do no harm” align with viewing a patient in terms of dollars? It may not be as antithetical to…
Face it. You’ve seen a rise of mergers in healthcare in the last decade. Insurers, hospitals and private practices have bought one another out at an alarming rate. Healthcare facilities serving at-need patients have closed. Prices have increased. Employee wages have dropped as systems converge. Providers are the least happy they have ever been. But,…
The COVID-19 outbreak has put tremendous stress on healthcare practices and their patients. Given the fears of exposure to the contagious virus, many healthcare providers are offering telehealth to their patients and clients. Some specialist practices have closed or reduced hours and are wondering what they should do now. Other primary care and multispecialty practices are…
Healthcare is undergoing a revolution. The trend toward full-time-employment of providers has slowed since 2014. There are three general macro trends that are fostering a consolidation counter culture.
Everyone loves the idea of automation—it feels like the future. But when clinics try to automate real workflows, it’s like opening a closet and having everything fall on your head. The trick isn’t just to automate—it’s to automate the right thing. And that means solving a real problem at the right point in your business….
Provider Spotlight: Danielle Tarjoman of Mold Mend and AllVitae Health and Chiropractic 🌿🏡🧬 In this spotlight, we sit down with Danielle Tarjoman, owner of Mold Mend and co-owner of AllVitae Health and Chiropractic in Florida. Danielle’s work is deeply personal after experiencing her own complex journey with mold illness. Danielle became passionate about uncovering the…
