3 Hidden Profit Drains Killing Your Practice

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Are hidden profit drains quietly killing your practice’s growth and financial freedom? Take back CONTROL today! In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersh reveal the 3 biggest profit killers that might be sabotaging your business. From overstaffing to avoiding price increases to ignoring patient follow-ups, discover actionable strategies to maximize the value of your practice, build personal wealth, and accelerate your journey to financial freedom.

 

Whether you're aiming to reinvest in your business, fund a better lifestyle, or fast-track your retirement in 7-10 years, this episode is packed with insights to help you become a Financial Beast. Learn the secrets to optimizing your staffing, setting appropriate pricing, and managing accounts receivables—all while ensuring you deliver top-tier care to your patients.

 

At Econologics Financial Advisors, we specialize in helping healthcare practice owners like you expand your business, create sustainable profit margins, and secure your financial future. Backed by years of expertise, our proven strategies have helped countless practice owners break free from financial stress and take control of their wealth-building journey.

 

Get started today by exploring our financial training and wealth-building courses designed for practice owners. Remember, financial freedom starts with knowledge and action. Subscribe now and join the movement to become a Financial Beast!

 

#veterinaryeconomics #financialinsights #practicemanagement #dentalpracticemanagement #financialmanagementclass12

 

CHAPTERS:

00:00 - Intro

00:56 - Welcome Back to the Channel

01:54 - Understanding Profitability in Business

04:06 - Addressing Overstaffing Issues

09:51 - Strategies for Price Increases

13:41 - Ensuring Patients Follow Appropriate Regimen

19:23 - Managing Accounts Receivable Effectively

22:07 - Implementing Profitability Levers Successfully

23:23 - Outro

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If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

 

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Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.