Grow Your Practice Podcast Want to Sell Your Practice? Here is What You Need to Do in the Last 2 Weeks to Increase Value
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Jan 24, 2025 Discover essential strategies to enhance the value of a private practice, especially for potential sales. Explore the importance of diverse patient acquisition channels to boost profitability. Learn how to revitalize patient referrals amidst declining trends and overcome misconceptions about marketing. Gain insights into implementing effective marketing systems to ensure a consistent patient flow. With practical tips and personal anecdotes, this discussion is packed with valuable resources to help practices thrive.
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Acquirer's Perspective
- Consider the acquirer's perspective when building a valuable practice.
- Diversify patient acquisition channels to make your practice more appealing.
Mango Tree Exit
- Chad Madden recounts a story of an owner wanting a "mango tree exit" after selling their practice.
- This wasn't appealing to acquirers due to the owner's significant treatment time and the need for replacement.
Diverse Patient Flow
- Diverse patient flow is crucial for attracting potential buyers.
- Relying on one or two referral sources makes a practice less appealing and potentially lowers its value.
