The Doctor is In: How to Help Your Private Medical Practice Boom

It has been a long time coming. You have spent a good amount of time in order to earn your degree in medicine. That M.D took ate up anywhere from eight to ten years of your life, grueling through medical books and countless sleepless nights. But now that you have found success in medical school, how are you going to earn success in medical practice?

There over 1 million medical doctors in the US alone, and that is a lot of competition. According to the AMA’s Physician Practice Benchmark Surveys, around 47.1 percent of doctors are in private practice and the same percentage are employed. The remaining 5.9 percent are independent contractors. Whatever type of practice you prefer it all, your success will be determined by how well you function as a physician.

Here are some ways to help your medical practice become successful:

No Doctor Is an Island

Do not do it all alone. Private practitioners used to dominate the landscape of the healthcare industry, but there has been a steady decline in this setting. Maybe it is because doctors have realized how difficult it is to cater to a number of patients all on their own. You need to either set up a group practice or hire the right people.

When you get a busy clinic, with a long queue of impatient patients, you will leave patients not with high-quality medical care but with bad customer experience. You need to learn the benefits of working with a team or having additional help. Medical care is more than just providing checkups and medicine, it also requires people skills and customer relations.

Encourage Reviews

Earning a client base, or in your case, patient-base is an important business factor that can direct you towards success. Repeat patients are a great way to sustain your profitability, but you can’t rely on loyal customers alone. To grow, you need a steady stream of new patients as well. You can encourage growth by deploying some marketing strategies like encouraging your patients to leave a review of your practice in your clinic or hospital social media account or business website. This will entice potential patients to give you a visit. It also helps you build a good reputation.

Provide Community Service

Whether you want to join a volunteer program abroad or visit indigenous people to provide medical care, the act of doing community service is great both for the personal and business side.

The personal advantage of this is that you get to be exposed to different people, illnesses and situations. This allows you to expand your horizon and learn new things. On the business side, you get to create a good network of people, build a reputation, educate people, and build recognition about your practice. Now, many people will know about the existence of your expertise.

Deliver Quality

You need to ensure that you provide quality healthcare. You can do this by really focusing on your patients, in every encounter, from the way you talk, your pricing fee, the way your clinic looks like and the way your staff handles them. Strive to keep every client experience to be positive, uplifting and satisfying. Remember that if you satisfy one patient, they are likely eager to recommend you and if you happen to frustrate one it can result in the loss of potential patients.

Flexible Schedule

You need to consider your schedule if it fits the influx of patients or not. Remember that patients are more concerned about your availability than their proximity to your clinic or another hospital. Understand what time the majority of your patients take a visit to your office. You do not need to fully comply with their time, but at least adjust where you can.

Author: Eddy

Eddy is the editorial columnist in Business Fundas, and oversees partner relationships. He posts articles of partners on various topics related to strategy, marketing, supply chain, technology management, social media, e-business, finance, economics and operations management. The articles posted are copyrighted under a Creative Commons unported license 4.0. To contact him, please direct your emails to editor.webposts@gmail.com.