The bottom line is that the best investment you can make is in your own practice. We then focus on the concept of integrated planning, geared to both personal and practice goals , as a means of achieving financial independence. We stress the fact that people can, in fact, meet the demands of a professional practice without sacrificing personal lifestyle and financial goals. The remainder of the program takes the doctor, spouse and business manager through The Five Steps to Financial Independence . Each step focuses on the key concept of balance, where practice management strategies are employed to achieve your member's personal requirements for family, time and financial security.
All strategies incorporate management techniques that improve patient care.
Taking Economic Control - starts with a discussion of how the doctor and spouse can establish personal goals for time and money, and set practice goals for staff and facility. We then discuss the limitations of Profit and Loss statements as a management tool and the advantages of developing a Cash Flow Analysis. We then provide your members with a simplified way of establishing a practice budget that controls expenses and helps protect against embezzlement. Most importantly, we show them how to calculate the required daily production needed to pay all their practice expenses and meet their personal lifestyle goals. Prioritizing Goals - takes your members through an entertaining analysis on how much their personal and practice goals will cost them in additional daily required production.