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ExecTech Consulting
ExecTech consulting helps you improve your practice and
reach your professional goals one step at a time. Anything can be resolved
including staff unwillingness, lack of well-paying new patients, collections
difficulties, legal risks, low profit, overwork and more.
Permanent improvement is more certain with ExecTech
than with other practice-building programs because of its tailor-made
approach. For each practice difficulty you encounter, ExecTech helps you
locate and plan a solution that is right for you. When you make steady
progress with simple, direct steps, you make lasting changes.
Most practice owners want an increase in profits as
one of their consulting goals. ExecTech consultants make your profit their
priority.
Five Ways to Increase Profits
When your personal income goes up, you feel more
cheerful. You can improve the working conditions for your staff. You can
provide the best possible care for your patients.
You can increase your net income in five ways:
• Generate more
new patients
•
Raise fees
•
Boost patient
compliance and support
•
Increase
collections percentage
•
Lower overhead
In meetings with your consultant, you constantly
review these five factors. You find ways to increase profit as quickly and
easily as possible.
For example, if you have more patients than you can
handle and your overhead is running at 70%, your consulting would focus on
your fees, collections and overhead. breakdowns. One or more of those three
factors would be the source of your low profit.
If your fees were average and collections were
excellent, the problem would be with your overhead. Perhaps you and your
consultant find your payroll is at $19,500 per month, but should be at
$12,000 per month.
In this case, your consultant might recommend you meet
with your staff, explain how the practice needed to collect $78,000 per
month to justify the payroll. You would go over specific steps each employee
could do to bring down the payroll percentages. Once collections and payroll
were in range, you would reward your staff with cash.
As a result, your staff members perform as they
should. Your production and collections jump. Payroll drops to a good range.
You feel proud of your staff.
As another example, you and your consultant find your
over-the-counter collections are weak. Your consultant calculates your lax
patient financial policies and procedures are cutting $6500 per month from
your profit.
Your consultant helps you write financial policies for
patients as well as scripts and rules for staff. Your consultant shows you
how to train your staff using written material, not verbal explaining.
Within 24 hours, over-the-counter collections jump to a new level.
ExecTech consultants have dozens of solutions to help
you correct and improve all five profit factors.
How ExecTech Consulting is Conducted
You meet with your consultant at least once each
month. The end result of the meetings are written, step-by-step plans called
mini-programs. To make a difference in your practice and to meet ExecTech
standards, each step of your mini-program must make sense, align with your
goals and excite you.
You talk to your consultant at least once each week to
address emergency situations, discuss your progress and focus on correct
priorities. During difficult periods, you meet or talk to your consultant
more often. You have unrestricted access to your consultant.
You also work with an ExecTech coach each week to
build your performance skills. The combination of consulting and coaching is
how ExecTech gets its best results.
Click here to read
about ExecTech coaching.
ExecTech Fees
Before determining the program fee, you and an
ExecTech consultant meet for a three-hour Practice Analysis. At the end of
the meeting, you and the consultant will have a good idea if we can work
together. If so, you schedule a second meeting to receive an ExecTech
program proposal.
An ExecTech proposal outlines your practice goals,
statistics and problems. It lists several objectives to help you resolve
your problems, boost your statistics and reach your goals. It outlines all
of the services ExecTech provides in the package and the fee.
ExecTech charges a one-time fee for a full year of
consulting and coaching. The fee is based on the consulting objectives, size
of your practice, location of the meetings and amount of coaching your
practice will receive.
Most clients recover the fee through additional
profits within 3-4 months. Because ExecTech focuses on solutions that stay
in place, your investment pays off every year for the rest of your career.
To schedule an ExecTech Practice Analysis,
click here.
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