AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Practice Marketing Podcast
Maximizing Your Practice Profit with Eric Miller from Econologics Financial Advisors
May 8, 2023
Eric Miller from Econologics Financial Advisors shares tips on creating a profitable healthcare business, protecting assets, and prospering in a challenging economy. He discusses maximizing practice profitability, strategic decision-making, expanding clinic locations, managing cash flow, aligning personal and business finances, strategic tax planning, and maximizing practice value.
41:01
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Understanding clinic financial metrics is crucial for profitability and growth.
- Strategic financial management aligns expenses with revenue for sustainable practice success.
Deep dives
Challenges Faced by Practice Owners
Practice owners are struggling to adapt to necessary changes in how their businesses are managed to ensure profitability and sustainability. Many owners are stuck in familiar routines and lack financial acumen, leading to poor decision-making in staff and patient management. Those willing to adjust to lower reimbursements and increasing demands stand to thrive, while those resistant risk their profit margins dwindling over time.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode