5 Places to Find Hidden Cash in Your Cosmetic Practice

practice management Jan 20, 2020

There's money hiding in your Practice right now. Here's where you can find it:

Who doesn't love finding money?⁣⁣⁣ From a $50 bill at the bottom of your handbag to an unexpected credit on your AMEX statement, found money is always a pleasant surprise.

Good news; there's cash hiding in your Practice right now.⁣⁣⁣⁣⁣

Here are five places to find it:⁣⁣⁣⁣⁣⁣⁣

𝟏.) 𝐍𝐞𝐰 𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐋𝐞𝐚𝐝𝐬⁣⁣⁣⁣⁣⁣⁣

Potential new patients, who call, email, or text your office…what happens to them once they contact you?⁣⁣⁣⁣⁣⁣ Are they captured quickly and nurtured until they schedule?⁣ ⁣⁣⁣⁣Or do your HOT LEADS go to some unknown location, grow cold, and die?⁣⁣⁣⁣⁣

𝟐.) 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐓𝐡𝐞 𝐂𝐫𝐚𝐜𝐤𝐬⁣⁣⁣⁣⁣⁣⁣

Patients easily fall through the cracks, especially when they miss, no show, or late cancel, and rescheduling doesn't happen at the moment.⁣⁣⁣⁣⁣
..." Oh, I'm in the car and can't look at my calendar. I'll have to do it later. —or I can't schedule anything now; my nanny just quit— I'm stuck at home with four snot-nosed kids.”)
To avoid a costly fall-off, run a monthly report and initiate communications to reactivate.⁣

𝟑.) 𝐀𝐭 𝐂𝐡𝐞𝐜𝐤-𝐎𝐮𝐭⁣⁣⁣⁣⁣⁣⁣

Unless you like seeing money walk out the door, scheduling that next visit during checkout is non-negotiable.⁣⁣⁣⁣⁣ Even if the patients don't have their schedule, or they're in a hurry,⁣⁣⁣⁣⁣ get permission to contact them later, and then follow-up with them until they've booked,⁣⁣⁣⁣⁣

𝟒.) 𝐎𝐧 𝐓𝐡𝐞 𝐏𝐡𝐨𝐧𝐞⁣⁣⁣⁣⁣⁣⁣

The good news is that you're getting a ton of new patient calls and online inquires for your services. The not-so-good news, callers aren't scheduling, and your schedule has big gaping holes.

Fixed conversion = found money.

𝟓.) 𝐘𝐨𝐮𝐫 𝐑𝐞𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲⁣⁣⁣⁣⁣⁣⁣

⁣You've heard it's cheaper to keep an existing patient than it is to acquire a new one. Why do so many practices put all their eggs in the 'new patient attraction' basket?⁣⁣⁣⁣⁣

A magnetic retention strategy lets you spend less on external marketing and pays back dividends with loyalty & referrals.⁣⁣⁣⁣⁣

Don't forget to share this blog post with your #practicemanager #practicemanager.

We deliver sales training and practice management solutions:
Elevated Practice was founded in 2014 by Connie Kurczewski; and, since that time, has helped many of today's top doctors start and grow highly successful practices.

Connie Kurczewski specializes in equipping your team with unshakeable confidence, a non-pushy selling model, and proven sales skills that build trust, convert patients and elevate practice revenue:

Let's chat.

Stay connected with news and updates!

Join our mailing list to receive the latest news and updates from our team.
Don't worry, your information will not be shared.

We hate SPAM. We will never sell your information, for any reason.