Doubling Profits Through Patient Reactivations: A Guide for Practice Owners
Chad Madden, host of the 'Grow Your Practice' podcast and owner of Madden Physical Therapy, offers a comprehensive guide for private practice owners on increasing profitability under pressure from challenges like inflation and declining reimbursements. Key insights include Madden's new program 'Profitability Under Pressure', success stories of practice owners employing strategies taught in the program, and the focal point of the podcast: doubling profits through patient reactivations. Learn actionable strategies for reaching out to past patients, increasing lifetime patient value, filling schedules, and improving the profit margin.
00:00 Welcome and Introduction to the Podcast
00:16 Introducing the Profitability Under Pressure Program
00:56 Success Stories from the Program
02:01 Deep Dive into Doubling Profits with Reactivations
02:27 The Five Channels to Acquire New Patients
04:38 Why Focus on Reactivations?
07:26 Who Should Focus on Reactivations?
08:28 Common Pitfalls in Reactivation Strategies
12:09 Executing Effective Reactivation Strategies
21:37 Conclusion: Maximizing Profitability Through Reactivations
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#PracticeOwners