Tag: infographic

Why do five star patient ratings matter? [Infographic]

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Find Patient Lifetime Value (PLV part 5)

In order to calculate patient lifetime value, you must first have your: Gross Profit per AppointmentPatient Recall RatePatient 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 and gross profit per appointment. The product is your patient lifetime value. This figure is a good representation of your revenue reality. It is based on your patients and data. You should still calculate your patient acquisition cost to improve your marketing budgeting. Patient Lifetime Value is usually more important. That is because most smaller healthcare providers do not spend much on marketing relative to other cost centers. Patient lifetime value may be the most important figure for you to know as an owner. That is, if you hope to grow your practice or business. Have any questions or suggestions? Contact us at meddkit.com.

Provider Spotlight: Superior Counseling

https://youtu.be/Zj2llhgcW00 Watch Katrina Boden, Founder and Executive Director of Superior Counseling talk with meddkit about mental health and her journey in business. Superior Counseling is a meddkit client and 30 provider behavioral health agency in Louisiana. Hear about how: 1. A heart-attack and the loss of her boss forced her to transform from teacher to business owner 2. Their team of single moms and fathers and ended up providing care to thousands in Louisiana 3. Mental health is the “hidden illness” and how COVID has changed things For more information please go to: https://superiorcounseling.care