It’s fairly understandable that, when setting up a medical practice, your primary concern is, and certainly should be, the care and wellbeing of your patients. After all, if this isn’t the main focus of your practice, then it’s likely that you’re going to end up taking it in the wrong direction. Not only does a focus on patient care show that your practice exists for the right reasons, but without that focus, it’s likely that your practice isn’t going to survive very long. Even if it has all of the most advanced equipment or skilled staff, a medical practice that doesn’t prioritize patient care isn’t going to last for very long.
That being said, patient care can’t be the only thing that you focus on. While it’s certainly at the top of the pile, there are plenty of other things that require your attention. It’s important to remember that your practice is a business and should be treated as such. The reasons for its existence might be different from many other businesses, but that doesn’t mean it’s not going to face many of the same challenges as any other small business or startup. Because of that, you can’t afford to let a focus on patient care completely overshadow the other important aspects of it. With that in mind, here are some elements of your practice that you should also be paying close attention to.
Your practice is a business, and like any business, it can’t function if no one knows that it exists. Of course, the major difference between your business and many others is that you’re trying to attract patients rather than standard customers, but that doesn’t mean that you should neglect to market it carefully and thoroughly. Think of the care that you provide as your product. You need to make sure that patients are aware of what it is that makes your product great. It might be that your practice has some of latest medical imaging or diagnostic technology. You may have a staff that it made up of only the most skilled people. Your practice may put a premium on patient happiness and satisfaction above all else. These are the kinds of things that you need to lean on when it comes to your marketing. By letting customers know the unique selling point of your business then you’re able to let them know why yours should be their practice of choice over any others. You should also think about what kinds of methods you’re going to use to market your business. This will often come down to the kind of demographic you’re trying to reach. It might seem odd to think of patients as a demographic, but it’s something that you’re going to need to start doing. Is your practice in an area with a large population of young professionals? If that’s the case, then it’s likely that things like social media and digital marketing are going to be more effective than others. However, if your demographic is predominantly senior citizens, then you may be better off focussing on more traditional marketing methods.
If your practice isn’t running efficiently, then you’re never going to be able to provide the best patient care possible. You need to make sure that you are taking steps to ensure that productivity is always high. The first step towards achieving this should always be your staff. Don’t assume that the medical professionals in your practice are the only important staff members that you have. Everyone, from the receptionist to the technical staff, should be working at the most optimal level possible. If your practice isn’t working efficiently, then you’re going to end up in a position where you’re constantly playing catch up. This is what leads to mistakes getting made and important things being missed. Look at the working methods of your practice and try to see if there are ways in which things could be improved or streamlined. You should also ensure that your team is working together as much as possible. It’s not always easy, but you need to make sure that you’re always getting the most out of your staff. Productivity and efficiency may sound like the kinds of terms usually reserved for corporate environments, but they are incredibly important to make sure that you are always in a position to look after your patients.
Every business needs to make sure that it’s protected on a legal level and nowhere is that truer than in the field of medicine. Mistakes in many corporate environments can lead to a reduction in productivity or a loss in profits, but mistakes in the medical industry can have life and death consequences. Everything from health and safety procedures to the inclusion of a suit of armor around your practice on a legal level. Malpractice suits are not only costly and time-consuming but can have an incredibly dangerous impact on the reputation of your practice. You should make sure that your practice has dedicated legal representation to help you deal with any legal action that may occur. Of course, the best way to deal with that is to take preventative measures. Make sure that your staff are well trained and are fully aware of all relevant legal guidelines. Most of the time, legal problems for medical practices come, not from malice, but from small mistakes or minor negligence leading to serious consequences.
Technology has completely changed the modern business landscape, not to mention much of the modern world in general, and medicine is no different. In fact, there are few industries that should be more focused on new technological developments than medicine. Where many businesses will benefit from new technology, the addition of advanced tech to your practice can actually help to save lives. Whether it’s imaging technology, new diagnostic methods, or exciting new treatment options, you should always be on the lookout for the latest technological developments and how they can be incorporated into your practice. While you should never prioritize technology over the human element in your practice, after all, no one wants to be treated exclusively by machines, in an ideal situation you would be able to combine these two elements to provide the best possible treatment and care for your patients.
Your bottom line
Let’s be completely honest here. Without profits, a business cannot function. It’s a sad fact, but the reality is that if your practice isn’t making money, then you’re simply not going to be able to treat or care for your patients. You might not be much of a numbers person and finances may not be your primary interest, that just makes it all the more important that you bring in someone who can handle those things. Hiring an accountant for your practice not only takes some of the responsibility for things like balancing the books off of you, but it also means that there is someone who can dedicate their time to focusing on the finances of your practice. You need to think about the overheads for your practice and what you can do in order to reduce them as much as possible. Look at everything from your staffing costs to your marketing budget. Try to see what can be streamlined. Of course, things like patient care are always going to take priority so try to figure out what you can reduce in terms of cost without sacrificing the needs of your patients. This kind of attitude might strike some as cynical, perhaps even feeling as though it’s losing sight of what’s most important, but if your practice isn’t bringing in regular amounts of revenue then you’re never going to be in a position to do any good for anyone.
There’s a fear among a lot of those who run medical practices that focussing on these things is going to distract attention away from caring for patients. Of course, it’s true that there are always sacrifices made when you divide your attention up, but that sacrifice is far better than the alternative. If you’re unable to run your practice as a business and it collapses entirely then that leaves your patients without any care or treatment options. Many people struggle to find new practices, especially those for whom movements and transport is an issue, so without your practice, they could be at serious risk. As cynical as some of these qualities of your practice might be, as long as you’re focussing on what’s most important, you’ll always be able to use them to improve your practice and therefore improve patient care. Rather than letting them distract from your patients, paying attention to the other things that make up your practice is going to help you provide patients with the best care possible. As difficult as it can be to understand, by taking that little bit of time away from your patients to make sure that everything from the basic infrastructure of your practice to its annual revenue is functioning properly, you’re actually doing the best possible thing for both your practice and your patients.