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BECOME A WELL-MANAGED PRACTICE®

Remember the day you opened the doors to your own practice? It was great for a while. You worked hard to build your client base and the practice grew. Now, you haven't had a Saturday off in four months and rather than healing animals you're spending your time trying to manage a business that takes you further and further away from practicing medicine and enjoying life.

Some practice owners view management and medicine as opposite ends of the spectrum. Not true. If you neglect management, your medicine will eventually suffer. Good management is not really about the money; it is about the ability to practice good medicine.

Now is the time to make the decision to become a Well Managed Practice® (WellMP). Why? WellMPs typically:

  • Have the financial resources to offer the best in medical care. WellMPs have the cash to invest 3% to 5% of their annual revenue in new equipment, vehicles, and technology; they have the resources to hire the best and brightest staff and doctors and keep them well-trained and well-compensated; and they routinely upgrade their facilities for greater medical efficiency and accessibility.
  • Pay you (the WellMP owner) higher compensation - $210,000 to $245,000 versus the national average of $109,000.
  • Give you more time for yourself and your family - working 40 to 45 hours per week versus the national average of 52 hours.
  • Sell for a higher value - almost twice the value of average practices of similar size and revenue.

Well-Managed Practices operate efficiently. They continue to improve medical care as well as productivity. They enjoy a high average charge per transaction and strong client compliance. They know how to attract and retain clients. And, they provide personal financial independence for their owners.

Becoming a Well-Managed Practice® doesn't happen over night. It's a step-by-step process and some steps take longer than others. Using our extensive experience, the process will go smoothly, quickly, and painlessly. We're here to guide you every step of the way. And, we're here to help you avoid information anxiety from sorting through the mountains of information that end up on your desk. We'll separate the wheat from the chaff and show you how to focus on what's really important. See On-Site Management Services and Distance Management Services.


© 2011 Wutchiett Tumblin and Associates
Well-Managed Practice, WellMP, WMP, and Better Management is Better Medicine are registered trademarks of Wutchiett Tumblin and Associates Terms & Conditions