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The P.T. Entrepreneur Podcast
Ep744 | The Power Of Recurring Revenue In Your Cash-Based Clinic
Sep 10, 2024
Discover the vital role of recurring revenue in stabilizing cash-based physical therapy practices. Explore three effective strategies: recurring visits, small group training, and remote coaching. Dr. Danny shares actionable insights and real-world success stories that can transform your clinic. Learn how increasing client enrollment in these plans can lead to better financial stability. Whether you're just starting or an experienced owner, this conversation is packed with valuable tips to enhance your business.
39:07
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Quick takeaways
- Recurring revenue not only stabilizes cash flow for clinics but also allows for better planning and expansion strategies.
- Implementing methods like recurring visits and remote coaching can enhance client retention and boost the overall profitability of a practice.
Deep dives
The Importance of Recurring Revenue
Recurring revenue is vital for business stability, as it allows for consistent income without the constant need to find new clients. This revenue stream promotes predictability in the financial landscape of a practice, enabling better planning for hiring and expansion. Achieving even a modest goal of 30% recurring revenue can significantly enhance a practice's profitability and reduce stress associated with fluctuating income. A practical example shows that practices transitioning to higher recurring revenue can increase their financial stability and overall value significantly over time.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode