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Issue
12 - September 2003
10 assumptions and 5 facts
Know the truth to achieve your dream practice
ORLANDO,
Fla. The wellness revolution is upon us. But if
you want to cash in on it, you have to get your facts
straight and not run your practice on assumptions,
Dallas Humble, DC, told a standing-room only audience
at a Chiropractic Economics-sponsored Boot Camp
program for attendees at the Florida Chiropractic Association
conference.
Humble, president of Dallas Humble, Inc., a practice-management
consulting firm, discussed in the seminar 10 assumptions
on which chiropractors base their business. These assumptions
keep them from having the practice of their dreams, he
said.
10 assumptions 1 Patients are interested in their health. False. They
dont understand health, said Humble. They
only know about feeling better.
2 Results produce referrals. False. Referrals come to
those who ask for them.
3 A report of findings educates patients. False. Education
is a journey, not a destination. One report of findings
does not educate; education must be an ongoing process. 4 Patients cannot afford chiropractic care. False. Chiropractic
is not an affordability issue, said Humble. Its
a value issue. What is your service worth?
he asked. 5 Insurance patients can be converted to cash. False.
If insurance is limited or doesnt meet your standards,
dont accept it. 6 Patients buy your time. False. You sell talent, not
time, said Humble. Use techniques that allow you to deliver
quality care in a shorter amount of time. Its the
service you deliver, not the time you spend with a patient. 7 Lowering your fees will increase your volume. False.
Lowering your fees only lowers your income and eliminates
profit, said Humble. People who pay $20 will most likely
pay $30. When something has little perceived value,
you can give it away and not have a lot of takers.
8 There are shortcuts to success. False. Champions know
success and work on building policies, procedures and
benchmarks to achieve it.
9 Work more and you will earn more. False. Its not
the time you spend at work, its the quality of care
you give, Humble re-emphasized. Do the right things!
10 You dont need to market or advertise because
of managed care. False. The dollars you save on
advertising pave the road to financial destruction,
said Humble.
5 facts
Instead of operating your practice on assumptions, said
Humble, base it on facts:
1 People pay for what they want. They dont necessarily
pay for what they need. So, advised Humble, if you want
people in your clinic, youll have to make them want
good health and chiropractic.
2 Someone is always better. Regardless of what your business
is, you will always find businesses and practices doing
twice as much as you are.
3 Aggressive management and marketing work. These techniques
will turn around a practice. But to use those techniques,
you have to be willing to change.
4 Short vision is shortsighted. Most chiropractors have
a limited vision of their practice objectives that rarely
extends beyond 30 to 60 days. Look farther and broader
to grow.
5 The road to success has to be paved with time and energy.
Many individual practitioners have a goal to sell their
practice and retire early, but few invest the time or
energy to execute a plan.
Acting on these facts requires making changes in how you
practice and how you deal with patients. Communication
is the key to success, said Humble.
Source: Dr.Dallas Humble can be contacted through his
Web site (www.dallashumble.com) or by calling 800-282-1947.
Linda Segall, editor of Chiropractic Economics, covered
Dr. Humbles presentation at the FCA conference. |