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The Mackinac Centre for Public Policy has an interesting piece on the “myth” that free public health care empowers the poor. I’m not here to debate the public versus private issue (not today, at least) but it does raise some interesting questions. They claim that paying for health care is more empowering, since it forces […]
A little follow-up to the post on valuing a practice. It’s surprisingly difficult to get CAM practitioners to consider buying patient or client files. To me, it’s a no-brainer. In most of these cases, the alternative health practitioner in question is getting out of the business, at least in that geographic area. They’re moving, retiring, […]
There’s surprisingly little help for CAM startups online (hence this site, I suppose…). However, the Canadian gov, and a few of the provinces, have specific info for starting your alternative health practice. A fair bit of it’s Canadian-specific, but it’s worth a spin through. Some interesting industry stats, too: Starting an Alternative and Complementary Health […]
(Click here for Part 1) When you buy a practice, you’re making an investment – you’re putting your money somewhere in anticipation of it multiplying. So just like stocks, mutual funds, or your savings account, you want the best return on your investment (ROI). The simple formula for ROI is: ROI = (benefits/costs) x 100 […]
“I’ve got an opportunity to buy some patient files from another chiropractor, but I think the price is high. How do I know how much to pay?” Good question. Let’s assume for the moment that buying files in general is a good idea. (I think it is.) Valuing a practice – or any business – […]
Here’s the dilemma, as submitted by a CAM doc: “I had a new patient call looking for an appointment as soon as possible. My new patient visits are an hour long, and even though I wasn’t even close to fully booked that week, I couldn’t see the patient until the following week. My book was […]
A doctor once told me this great piece of wisdom: “Don’t set any office hours you don’t want to keep forever.” It’s tempting when you start up to open weekends, nights, early mornings – anything that will get new patients in the door. Although offering this flexibility to your clients seems like a good idea, […]
It’s very common for alternative health care practitioners to work on a “cash or check” only basis. There are several compelling reasons to consider other options. The usual resistance to accepting Visa, Mastercard and the like is the cost. You pay a monthly fee for the account, plus a percentage of the transaction. For the […]
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