Endo Mastery

What is a practice transformation?

DEBRA MILLER

DIRECTOR OF COACHING

When we think about transformations, we often visualize instances of rapid metamorphosis. For example, the caterpillar’s transformation into a butterfly, or the chemical reaction that occurs when you burn wood log in a fire. The end result is practically unrecognizable from the starting point.

 

However, transformation isn’t always such a rapid upheaval. For example, the concepts and technical underpinnings of the internet were developed in the 1960s and 1970s. It took until the 1990s for the “friendly face” of the World Wide Web to appear and make the internet accessible to everyone. Thirty years after that, our world has been transformed. The internet is integral to our daily lives and businesses. It’s been a 60+ year process. 

The meaning of transform

In fact, the true meaning of transformation is the result of any meaningful change applied over time … even small changes.

 

If you bought a barren plot of land to build your house, and you planted 10 seedlings every year, then over time your home will be in the middle of a forest. Likewise, if you are living in a forest but you cut down 10 trees every year, eventually your home will be on a barren plot.

  

Even small but significant changes can have huge transformative effects over time. In a business context, imagine if every month you brought in $1000 less in revenues than the month before. Over time, profitability will dwindle to $0, and you will be bankrupt and out of business.

 

Likewise, imagine if your revenues grew by $1000 every month. Eventually your profits will double or more, and you’ll reach a point of being wildly successful in your economics.

 

And it’s not just financial factors in a business or practice. For example, you know when you experience those moments of ideal clinical flow where a patient’s treatment proceeds methodically, you can be completely focused without distraction, and your assistant seems to read your mind for every step of the procedure. What if you made some changes so that almost every case proceeded that way every day?

  

Similarly, factors like stress, teamwork, referral marketing, scheduling, etc. can have their dynamics and trajectory transformed through progressive improvements that add up over time.

Investing in meaningful changes

When meaningful changes layer together across various aspects of the practice, the results can add up quite quickly, and the impact of those changes on your business success can be significant to the point of being transformative.

 

Every practice owner I’ve ever met would enjoy having a more successful practice. When we discuss their practice possibilities, they often express doubts since past attempts to grow or evolve the practice had limited or no results.

  

To be clear, transformative change is not a random process. It’s not about making changes, waiting to see what happens, and then making more changes and waiting again for signs it is working. That can be a stressful and self-defeating process for both doctors and teams when hoped-for results never materialize. That leads to demotivation and doubt.

 

By comparison, practice coaching is focused on helping you and your team to make meaningful and positive changes to your practice. Coaching is based on our experience with hundreds of practices and knowing how everything works together in layers to achieve incredible results over time.

  

Our coaches don’t go into your practice to make seismic changes that will make your practice unrecognizable to you. They amplify and strengthen what you are doing right already, so it feels like a very natural and sensible evolution to you and your team.

  

As daily practice dynamics improve and profitability effortlessly soars in parallel, the process of transformation flows into your personal and family life. Reduced stress and greater financial success in the practice gives you the resources for an amazing lifestyle outside the practice.

  

This is why Endo Mastery’s slogan is “Transform Your Practice, Transform Your Life!”

Break out of the practice doldrums!

DEBRA MILLER

DIRECTOR OF COACHING

When you were a new endodontist, fresh from your residency, you knew that you still had a lot to learn … both clinically and about running a practice. But at what point does that need to learn and grow stop? Is there a professional threshold when you should not expect any further improvement in your practice?

 

Many doctors wake up one day and realize it has been a while since there was meaningful growth in their practice. They have built up the practice to a certain level, and now it is stagnating. Nothing is horribly wrong, but neither is it improving. Every week, month and year is just sliding by in a familiar pattern.

  

This plateau is a common state in endodontic practices. Sometimes we call it a “comfort zone”, which reflects that the practice is at least doing well enough for the doctor to manage all the primary responsibilities of life: paying their bills, paying down their debt, home ownership, family stability, etc.

  

Endodontics is a very advantaged profession. After the initial investment and effort to get started, within a few years most doctors can have enough referral relationships and cases coming in to support a relatively above-average lifestyle compared to much of the population.

  

At that point, the urgency and motivation for continued growth often tapers off. Of course, some people are naturally motivated to keep pushing for the next level of success. But most people settle around what is already working for them. They reinforce the predictable path, which becomes more ingrained and habitual. Eventually growth stops completely, the doldrums take over, and higher expectations are thwarted.

Breaking the pattern and getting unstuck

The first thing to understand is that most practices are operating far below their potential. Often that potential is hidden by limiting factors amplified in the plateau. That is good news because it means if you are stuck in the doldrums, there is a lot of room for growth.

 

Fundamentally, it comes down to perception and motivation. If you perceive that any change in your practice or routine creates an unacceptable risk or disruption, and you are not motivated by any compelling need to embrace change, then you have created an environment that discourages attempts at growth.

  

Most doctors that I talk to are not in desperate financial situations. They are not necessarily unhappy with their practices or teams. They do not feel unsuccessful in the profession. However, they are not ready to accept that their practice can never improve beyond its current state.

 

Often the key motivation for continued growth comes from creating a vision for the doctor’s practice and personal goals. A compelling vision clearly outlines the next level of success, making it a “want” that is strong enough to feel like a “need”. That is the spark that begins the renewed journey of growth.

Vision into action

Every doctor is different in their priorities. Here are some of the things that doctors prioritize in their vision of the next level of practice success:

  • Master teamwork and practice systems 
  • Optimize scheduling and productivity 
  • Engage GPs with effective marketing 
  • Eliminate stress and have fun everyday 
  • Streamline leadership and management 
  • Accelerate income and financial goals 
  • Prioritize work/life balance and lifestyle 
  • Take more time off and less family sacrifices 
  • Expand the practice with an associate 
  • Maximize owner equity and practice value 
  • Eliminate all practice and personal debt 
  • Save for future financial needs and goals 
  • Achieve lifelong financial security and wealth 

There are probably a few things on that list that would be a high priority for you to achieve in the future. And you may have practice or personal goals that are unique to you. For instance, one doctor I know wanted to be able to buy a house for each of her 3 children when they got married.

  

Visualizing the benefits of growth breaks down the resistance to change and motivates taking action. Ultimately, growth and improvement can begin again when you decide that it is worth the effort. As the practice owner and leader, you set the pace.

  

When the doldrums are no longer acceptable then the next step is choosing a strategy to implement your vision. There are various options: continuing education, learning from colleagues, journals, online courses, self-implementation, etc.

  

Of course, one option is professional guidance and coaching from Endo Mastery. What we do is help doctors move forward with their vision and we bring to it our experience with hundreds of endodontic practices and doctors. It is a much more streamlined path compared to the trial and error of researching, selecting, and implementing changes on your own.

Getting past uncertainty in practice challenges

DEBRA MILLER

DIRECTOR OF COACHING

Uncertainty is the opposite of predictability, and endodontists are generally inclined toward the latter. Clinically, doctors strive for predictable outcomes. When it comes to the team and practice operations, predictability is also favored. For example, the schedule should be appointed consistently, and teams should follow standardized procedures that adhere to the doctor’s expectations.

  

When uncertainty comes in play, the perception is often that there is some level of risk involved. Risk perception can invoke wildly different responses. In urgent situations where you feel compelled to act and the stakes are high, you can experience an adrenaline response tied to the “flight or fight” impulse. It’s a survival instinct where you must either get through it or get away from it.

  

However, in less urgent situations, the response to risk and uncertainty is often avoidance and delay. A good example is when the doctor is feeling stressed and not enjoying the practice. Obviously, something needs to change because when it is your practice and your profession, spending the rest of your career in a state of stress is a recipe for exhaustion and burnout. But doctors often procrastinate taking action because they can’t pinpoint the exact cause of the stress, or an easy-to-implement solution. It’s usually a mixture of factors. As a result, faced with uncertainty like this, many doctors delay taking action and allow the problem to persist far longer than it should.

Management vs. leadership

As a practice owner, you are both the manager and leader of the practice. These are different skills that are often at odds with each other because they have different objectives.

  

The objective of the manager is to systematize daily operations and create predictable results at all levels. The objective of the leader is to make the business more successful, which requires innovation and growth. So, the manager aims to stamp out uncertainty while the leader aims to make changes that, by definition, cause some uncertainty in order to initiate growth to new levels.

  

Doctors are often much more comfortable in the manager role than the leader role … because questions that surround making changes in the practice lead to the perception of risk, which leads to delay or avoidance in taking definitive steps to move forward. Even when you know it is the right thing to do, uncertainty often makes you less inclined to invest in things that make progress toward your goals.

From comfort zone to growth zone

When I speak with doctors about practice coaching, some of them ask questions that tell me their inner manager is calling the shots. The manager mindset wants all the unknowns removed before making a commitment. Remember the manager’s goal is to perpetuate predictability. If things are good now, why risk it? As the well-known business book made clear, good is the enemy of great when “good” blocks innovation that will lead to “great”.

  

The consequence of an overruling manager mindset is that the practice settles around comfort zone, the team becomes entrenched at a certain level of performance, and resistance to change (and the perception of risk around change) increases. A manager can always find a reason to delay: “I’m too busy”, “My team isn’t ready”, “What if it doesn’t work?”, etc.

  

By comparison, a leader-driven practice focused on growth is always striving for improvement. It is open to positive changes and investing in the team and practice strategies that result in growth.

  

Great practice leaders understand that growth and innovation require taking on challenges that will naturally introduce some uncertainty. However, leaders are also confident in their practice foundation and their own history of overcoming past challenges effectively. That confidence is even more empowered when supported by an experienced practice coach.

 

So, who is dominating your inner dialogue about your practice? Is it the manager who wants to lock things down or the leader who wants to open things up to more opportunities and possibilities?

Vision and values in practice success

DEBRA MILLER

DIRECTOR OF COACHING

There is a myth that business success is only possible if you abandon your values and become a cold heartless profiteer. Certainly, news headlines play into that narrative with stories about companies behaving in undesirable ways: compromising personal privacy, exploiting market monopolies, firing thousands of employees to save a few bucks, offshoring operations and destroying a local economy in the process, etc.

  

Business itself is not inherently to blame. But whenever decision-making in a business is corporatized and distanced from the real-life communities of their customers and employees, businesses can become less human, less caring, and less rooted in values that make the world a better place.

Discovering your vision and values

When I speak to doctors at Endo Mastery events or in 1-on-1 practice analysis conversations, a key part of my job is to listen and understand the doctor’s vision, values and goals. Often this isn’t stated directly because most people don’t think of themselves as having a powerful and compelling vision, and values are just a natural part of them that is often difficult to articulate.

  

Instead, what I often hear about is frustrations, limits and goals in their practice and life. The issues that doctors share paint a picture of how their unspoken vision and values aren’t fully aligned and expressed in their day-to-day reality. For example, a team issue often reveals what kind of relationship, environment and team dynamic that the doctor really wants to achieve.

 

Vision and values should influence and inform every aspect of the practice. As you think deeper about your vision, here are some key value questions to ask yourself:  

  • How should patients feel about you and your practice?
  • How should referrers feel about you and your practice?
  • How should your team feel about working for you?
  • How should your community perceive your practice?
  • How does your practice support your family goals?
  • What does an enjoyable day in your practice feel like?
  • What makes you feel at peace and enjoying your career?
  • What level of economic success fully rewards you?
  • What level of time freedom and time off is ideal for you?

Grow who you are, don’t change who you are

We are exceptionally good at Endo Mastery at helping doctors grow their practices and become more successful. But what is more important to us is that the growth isn’t the result of sacrificing what is important to you.

  

We want growth to strengthen you, not change you. Higher practice success gives you more resources and options to express your vision and values in your practice, family, life and community.  

To explore your vision, values and goals, and to get a comparative understanding of your practice and the possibilities in endodontics, take advantage of a complimentary practice analysis with Endo Mastery:

How intelligent is your practice?

DEBRA MILLER

DIRECTOR OF COACHING

Intelligence has been in the news a lot recently, specifically with respect to “artificial intelligence.” The technology is interesting, but it remains to be seen whether AI responses are truly intelligent or simply mimicking our expectations of intelligent responses.

  

AI can easily generate content that meets our preconceived notions of intelligence … grammatically perfect responses filled with facts and figures. But there have been some well-publicized AI errors that indicate these systems still have a long way to go. They can regurgitate and synthesize information, but appear to lack the vital critical-thinking skills that we also expect from intelligence.

Einstein’s criteria for intelligence

Albert Einstein famously said, “The measure of intelligence is the ability to change.” To be clear, he is not talking about change solely for the sake of change. He’s referring to change that is informed and motivated by a desire to improve.

  

True intelligence isn’t just about book smarts. It’s about our ability to adapt, learn, and grow. In a world that’s constantly changing, the ability to think on our feet, embrace new ideas, and adjust to new factors and evolving situations is more important than ever.

 

Rather than being rigid and resistant to change, truly intelligent individuals are open-minded and curious. They’re always seeking new knowledge, exploring different perspectives, and challenging their own assumptions. This flexibility allows them to solve problems creatively, innovate effectively, and seize goals and opportunities that others might miss. 

Practice and team intelligence

When it comes to your practice and team, intelligence is the blended result of everyone working together. A highly intelligent team develops a mindset that every day is an opportunity to do better than the day before. Improvement and growth for each individual, for the team as a whole, and for the results achieved by the practice is a steady focus.

  

Many practices want to operate at that level of positive innovation and growth, but struggle to do so. Often, it’s not due to a lack of ability, but competing worthwhile objectives that can interfere. For example, consistency is also highly valued in teams and business operations. That often creates an emphasis on fixed predictable processes, which can be at odds with the goal of making intelligent changes.

 

In my view, the best measure of practice intelligence for doctors is to look at their goals. First, have those goals meaningfully evolved from year to year, and has the practice kept up with new goals and achieved the results you expect and want? Second and equally important, within the broader context of endodontic practices in general, are your goals in alignment with comparable practices and are you responding to your opportunities as well as your peers?

To evaluate your practice goals and get a comparative understanding of your practice relative to other practices and possibilities in endodontics, take advantage of a complimentary practice analysis with Endo Mastery:

Fixing an under-performing practice

DEBRA MILLER

DIRECTOR OF COACHING

Success in every endodontic practice is the result of a series of factors: teamwork, systems, scheduling, clinical productivity, marketing, revenues, expenses, etc. How these factors come together ultimately determines whether the practice is effectively responding to opportunities and challenges … or falling short in some way.

 

There are multiple ways that a practice can under-perform. For example, it can under-perform in terms of daily enjoyment, team unity, or professional satisfaction. However, it’s no surprise that the most common measure of performance is financial. A business is a means to an income for the owner, and income supports the rest of their life and their family.

Defining under-performance

Fundamentally, the financial success of an endodontic practice comes down to how well the doctor’s time (as the only revenue “producer” in the practice) is scheduled. At Endo Mastery, our goal is for doctors to efficiently utilize their team so that they can provide diagnosis and treatment to patients while being neither rushed nor idle during the day.

 

If you consider how long the typical endodontic procedure takes from bur-to-tooth to obturation, most practices are under-performing. In an 8 or 9-hour day, a doctor properly supported by their team and systems should be able to comfortably and predictably complete at least 6 to 8 cases per day by minimum standards.

 

By comparison, the average practice is completing 3 to 4 cases per day. So that’s a 50% performance gap. Even though doctors often sense their practice is under-performing, they often don’t realize the full extent because their existing processes, systems and team utilization obscure (or even suppress) their true potential.

Lost opportunity costs

Since expenses are sunk costs, increasing practice performance by just 1 more daily case completion adds as much as $250,000 to the practice’s bottom line, assuming typical fees and days worked per year. 2 cases add half a million dollars to practice profits, which easily more than doubles the income of the doctor.

 

Over 10 years, improved practice performance can result in a $5 million bonus for the doctor. That’s a very real number that isn’t based on becoming a root canal factory, but simply improving your existing team and systems to be more efficiently aligned to the practice’s potential.

 

With so much opportunity for income growth, the cost of waiting to act is so much higher than the cost of investing in your team and systems to achieve your potential. Almost any meaningful effort you make to close your performance gap is going to pay off very quickly because endodontics is almost 100% profit beyond your breakeven point on expenses.

Where to begin

For most practices, closing the performance gap is about enhancing the teamwork and systems that you already have. Better marketing, scheduling and delegation are essentials on that path to growth. Because most doctors are already time broke, limits around self-implementation are frequently the biggest barrier preventing growth.

  

Almost always, the best approach is choosing the right advisers to work with the team. Endo Mastery coaches are experts in guiding practices to evolve to the next level of success. We use a team-driven approach that frees the doctor to focus on great clinical care.

 

The best place to begin is with a practice analysis, so you have a clear understanding of your practice potential along with the income and lifestyle potential for the doctor. Endo Mastery offers a complimentary practice analysis that you can schedule with me at the link below.

Maximizing the monthly referral analysis meeting

DEBRA MILLER

DIRECTOR OF COACHING

Referrals account for practically all productivity in an endodontic practice. Referral analysis and keeping track of referring doctor relationships is core business requirement. Here are some tips on what your referral analysis should include, and key factors you should focus on during your monthly referral meeting with your marketing coordinator.

Referral activity and history

For each referrer, list their referral activity. This includes the total number of referrals for the last 2 completed calendar years, the total number of referrals year-to-date for the current calendar year, and the number of referrals each month in the current calendar year. 

 

Sort your list by the number of referrals year-to-date for the current calendar year in descending order. That will give you overview of your top referrers at the top of the list and your least frequent referrers at the bottom of the list.

Referrer category

Assign categories to each referrer based on their year-to-date referral activity:

  • Brand color bullet-smaller
    “A+” send at least 2 cases per month on average (24+ per year).
  • Brand color bullet-smaller
    “A” send at least 1 case per month on average (12+ per year).
  • Brand color bullet-smaller
    “B” send fewer than 1 case per month on average but greater than 1 case every 3 months (5 to 11 cases per year).
  • Brand color bullet-smaller
    “C” send 1 case or fewer per quarter (Up to 4 per year).

Referral pattern analysis

Assign categories to each referrer based on their year-to-date referral activity:

  • Brand color bullet-smaller
    Has there been a change in the top 10 referrers between this month’s analysis and last month’s analysis? Who has moved up and who has dropped down?
  • Brand color bullet-smaller
    Based on year-to-date data, have any category shifts occurred? This would include A, B and C doctors shifting up to A+, A or B as a positive shift. It would also include A+, A and B referrers shifting down to A, B or C as a negative shift.
  • Brand color bullet-smaller
    Based on the last two months of referrals, which doctors are exceeding or falling short of their overall category. For example, an A referrer (1+ case per month typically) who has sent 4 cases in the last 2 months (equivalent to an A+ referrer) is exceeding their category. Likewise, an A referrer who hasn’t referred even once in two months is falling short.
  • Brand color bullet-smaller
    Based on year-to-date data, which doctors are ahead or behind trend compared to the number of referrals they referred last year? For example, a doctor who sent 6 cases last year (once every 2 months, or 0.5 cases per month on average) who has sent 4 cases by the end of June this year is trending ahead of last year (but still in the B category like last year).
  • Brand color bullet-smaller
    Are there any new referrers who sent their first case ever in the last month? Are there any referrers who have been lost (retirement, transition to corporate, etc.)?

Target doctors

The referral pattern analysis finds GPs who require marketing attention with a targeted strategy. Both negative and positive patterns need to be addressed.

 

Certainly, any doctor who is dropping down in category, falling short in their referrals in the last two months, or behind the trend of their own referrals from last year should be visited by your marketing coordinator. Something is happening and the sooner you know, the sooner you can take steps to correct it. For example:

  • Brand color bullet-smaller
    Has there been a change in the GP practice?
  • Brand color bullet-smaller
    Are they sending cases to a different endodontist and why?
  • Brand color bullet-smaller
    Do they have a patient or service concern specifically with your practice?

Likewise, positive patterns need to be reinforced. Doctors who have shifted up in categories, are referring more than they usually do, and new referrers should all be discussed individually, and a strategy chosen. For example: 

  • Brand color bullet-smaller
    Referrers who should receive a personal doctor-to-doctor call of gratitude and appreciation from you, or an invitation from you to meet face-to-face (lunch, over-the-shoulder, social activity).
  • Brand color bullet-smaller
    Referrers who should receive an immediate visit from the marketing coordinator. For example, new referrers.
  • Brand color bullet-smaller
    Referrers who should receive more frequent visits from the marketing coordinator. For example, a B referrer who your marketing coordinator would normally visit once per quarter who should now be visited monthly to try to extend the new positive trend.

In addition to the target doctors found each month through positive and negative trending, your marketing coordinator should also select 5 referrers in the B or C category for a 3-month focus campaign. Visit these doctors monthly as if they were A referrers, offering pop-by gifts and other surprises, and then watch if their referral patterns shift.

Is procrastination killing your practice vision?

Is procrastination killing your practice vision?

DEBRA MILLER

DIRECTOR OF COACHING

There is a video on the Endo Mastery homepage called “Is it too good to be true?” in which some of our coaching clients talk about how the success they’ve achieved is so unbelievable, and how they wish they had done it sooner.

  

I think it is a common experience for many doctors to have a vision or goals that they procrastinate about making progress, for one reason or another. Procrastination is the silent killer of progress because lost opportunity costs are not visible in the present. It isn’t until the present becomes the past that we see what we should have done.  

5 top causes of procrastination

If last year you said this year, and this year you’re saying maybe next year, procrastination is likely the cause. Here are the most common reasons why doctors sabotage their vision with procrastination and inaction:

  • Decision paralysis: Every vision has different priorities, every priority has different options, and every option has different pros and cons. It’s easy to end up in a rabbit hole with so many choices that you can’t decide the right course of action 
  • What could go wrong scenarios: What if making changes causes too much disruption? What if it requires too much effort or sacrifice? What if it doesn’t work? It’s easy to imagine worst-case scenarios that make even a surefire plan seem too risky.  
  • Road map requirements: Doctors are perfectionists, and many doctors want the entire path to success laid out in advance. As soon as they try to do that with their vision, they bump into the limitations on their knowledge. With too many question marks, they will delay action until they have all the answers.  
  • Time and team limits: Life can be busy and full already, and carving out time for working on your vision and goals can take a backseat to more immediate priorities and daily distractions. On top of that, doctors may doubt that their team is competent enough and up to the challenge.  
  • Disbelief and deserve level: Related to the video I discussed above; many doctors have disbelief about what is possible. More importantly many doctors, even when shown proof of the possibilities, don’t believe it applies to them personally. Fundamentally, they don’t feel they are capable of and deserving of remarkable success.

Overcoming procrastination

If you do any research on the internet about procrastination, you’ll find a lot of suggestions on how to reduce it. Most of these suggestions are about daily methods, such as scheduling time, breaking large tasks down into smaller steps, focusing on one step at a time, etc. But for something as big and important as your vision, the solution cannot be the same techniques that help a college kid write a term paper on time.

  

Your practice is the home of your professional life and the economic engine for the rest of your life. You have important and vital responsibilities to your family, your patients, your referrers and your team. If you’re just repeating the same year over and over without making progress on your vision, you need a professional solution.

 

Coaching is that solution. The coach’s job is to support your decision-making, eliminate the risks, provide knowledge, save time, improve your team, and help you experience the incredible success that you deserve and can achieve.

  

Whether you choose to work with Endo Mastery or find a different solution, the most important thing is to get started. Otherwise, nothing changes and five years from now, you’ll be in the same place you are now.

To find out more about your true practice possibilities and how you can achieve your ideal vision, schedule a complimentary practice analysis.

Becoming a referral star

DEBRA MILLER

DIRECTOR OF COACHING

I read this week that over 100,000 new songs are uploaded to streaming music services every single day. Meanwhile, Taylor Swift’s new album set a record for a billion streams in one week on Spotify.

  

Music is an example of a star industry where, out of hundreds of thousands of hopefuls, only a limited number rise above everyone else, shine brighter and have incredible success. It might seem like fickle fortune or just plain luck to end up as an artist who is famous and popular.

 

However, the “big 3” record labels (Universal, Sony and Warner) account for almost 70% of worldwide music revenues and most of the top stars in the world are aligned with them. Being signed to one of these labels dramatically increases the chances that an artist will become popular. That’s because the labels have robust systems in place for promoting and publicizing music.

Star dynamics in referrals

In endodontics, there are similar star dynamics at play but on a much smaller scale in your own community. You are one of a handful of aspiring root canal “artists” that the general dentist “public” can make more popular and successful through their referrals.

  

If you think about your current referral base, you are already a star to probably a dozen or so GPs who refer to you practically every root canal case they identify, and they refer exclusively to you. A sizable chunk of your revenues comes from those dedicated “fans”.

  

The rest of your referring doctors are less devoted. They refer out less often, and when they do their referrals are often spread out among several endodontists. And then beyond that in your community, there might be a hundred or more other GPs who don’t refer to you at all.

  

So how do you create more dedicated “fans” who refer frequently and exclusively to you? Just 10 doctors sending 2 more cases per month could add over $250,000 to your bottom line. Is it only fickle fortune to achieve that level of growth and success? No, just like the music industry, the difference is having a marketing system!

Marketing systems

When it comes to referrals, your “record label” is your marketing coordinator. Their job is to make you a star among GPs in your community by systematically publicizing and promoting your practice. How do they do that?  

  • They visit all current referrers regularly to continue to build and nurture the relationship between your practice and the referring doctor’s practice.  
  • They annually visit non-referring doctors in your community to share information about you and your practice and create name recognition. 
  • They employ pop-by gifts and surprises (like those often featured in these newsletters) to create delight and goodwill with GPs and their teams. 
  • They identify and focus on new GPs in the community and create opportunities for doctor-to-doctor communication and team-to-team cooperation.  
  • They check and track referral patterns from each GP and selectively identify doctors who need attention in the relationship to build referrals to the next level.  
  • They act as the front-line visible face and ambassador for your practice at dental community events.  

In short, just like a record label, marketing coordinators provide an essential element of growth and practice success: promoting you through visibility and likeability. These efforts, consistently and systematically applied, make an enormous difference in referrals … especially when coordinated with your own efforts to establish great doctor-to-doctor interdisciplinary clinical relationships.  

Why coaching works

DEBRA MILLER

DIRECTOR OF COACHING

A few years ago, a young couple in their early thirties finally decided to renovate their ensuite bathroom. They had a spa-like vision: deep soaking tub, double rain shower with body jets, quartz and designer tile, etc. They had been dreaming about this vision ever since they bought their 40-year-old house.

  

To save money, they were going to do as much of it themselves as possible. “Except for a plumber and electrician, everything else we can order from Amazon and learn from YouTube. We’re in no hurry, and it will be fun!”, they said. Furthermore, to inaugurate finally pulling the trigger on the project, they had ceremoniously demolished their existing boxy 1980s vanity one weekend. “We’ve begun!”, they exclaimed. 

 

Eight months later, practically nothing else had been done. They had an extensive list of items on their Amazon Wishlist, but nothing had been ordered. All their initial energy had subsided, and they were facing a stark reality: they didn’t know what to do first, how to organize and prioritize, or even which YouTube video to believe because there was a lot of conflicting advice from people of uncertain qualifications. Every question seemed to result in more questions, leading to “paralysis by analysis”, and their ability to get past that was limited by everything else in their life that they had to do (career, family, etc.).

  

They seemed resigned to the idea that “someday” it would be finished even though they had no specific plan or momentum. In the meantime, they had to accept a lot of compromises since their bathroom had just bare pipes where their vanity had been. They were brushing their teeth, shaving and putting on makeup in the kids/guest bathroom which created stress and congestion every day. 

 

Despite being committed to do-it-yourself, they were becoming more frustrated as the weeks and months continued to roll on. Finally, a neighbor stepped in and offered to guide them. This man had spent his career building and renovating houses, and he began to meet with the couple every two weeks for four hours.

  

Together, he helped them plan all aspects of the project, including what needed to be done in what order. The couple was coached through some key choices and advised against pitfalls to avoid. They were given instructions and standards to meet, and (most importantly) what to get done in the next two weeks. The coach helped them with buying lists for each stage, and in some cases had access to specialty tools they could use for some tasks. 

 

Four and half months later, the master bathroom was complete and as perfect as they had envisioned. They were so happy and had so much pride in what they had accomplished. And they understood what made the difference: “Once we realized we needed a coach, we could trust the process and actually make progress.” 

 

Investing in your practice

As an analogy to your practice, many doctors can relate to the above story. Many doctors spend years living with compromises (some big, some small) and always seem to be waiting for “someday” when the conditions are right to make progress. The do-it-yourself mindset is pervasive, but there are questions about priorities, timing and resources. Plus, of course, keeping the practice running, not disrupting the daily flow and training the team.

 

Coaching empowers you to be a better business owner who is responsible and accountable for growth and success. A coach does not do all the work for you, but guides and supports your practice with strategies, resources, tools, knowledge and experience so your vision can be achieved as effortlessly, efficiently and enjoyably as possible.

  

It’s that simple. Can you do it on your own? Sometimes. Will you do it on your own? Maybe someday, but how long can you wait? This could be your best year ever if you invest in coaching to transform your practice and transform your life.

  

The best way to start is with a complimentary practice analysis where you can tell us your vision and we can look at your “big picture” practice factors to begin mapping out a plan. You can schedule a practice analysis when it is convenient for you. If you are coming to AAE24 in Los Angeles, we can meet face-to-face (just choose a date and time during the AAE event days). 

SIGN UP

Sign up to receive helpful practice management tips, debt elimination ideas, how to re-energizing your team, and much more.