4 Secrets to Running a Successful Medical Practice in 2020 – Our Guide

Another year, another opportunity to grow your medical practice. 

Take this time to go back to the drawing board and devise a plan to serve your patients better. Remember, you’re a business professional just as much as you’re a doctor, so you have to make sure that your practice delivers the best experience possible for your dear patients. 

To make 2020 your best business year yet, consider these resolutions: 

1. Make self-care a priority 

You won’t be able to take care of your patients if you don’t actively take care of yourself. Physicians also experience burnout, posing a detrimental effect on both the practice and quality of patient care. If you allow yourself to succumb to so much stress, you’ll eventually experience burnout and harm not only your business but also your patients.

Take the necessary steps to make your job as manageable as possible. Automation is often the key. You can apply it to processes like electronic health records (EHR), scheduling appointments, billing, and other time-sucking operations. Choosing to automate can save you so much time and energy and lessen the chances of committing errors. 

2. Evaluate your office location

Just like with any business, location is crucial to your success. Population densities and demographics change over time, so it’s best to re-evaluate whether or not your current location still works for your business. Medical spending can vary significantly based on geographic location alone. 

If you find that your patient base and target audience are fluctuating, your location may be a huge factor. Maybe they are increasingly relocating, and you should take it as a sign to move your practice as well so as not to stifle your growth. 

3. Modify your workflow

An efficient medical practice is a successful medical practice. As mentioned before, automation is your friend. You can leverage technology to speed up certain aspects of your business, like data collection and patient charting. Automating administrative tasks saves you and your staff from doing too much heavy lifting, allowing you to focus more on patient treatments. 

You should also consider retraining employees. Find out if they’re unhappy with certain aspects of the job so that you could introduce a fix right away. Identify what causes dissatisfaction and confusion on their part and mitigate the problem immediately. Happy employees lead to healthy patients and, in turn, make way for a healthier work environment.

4. Do quality assurance

As you focus on treating your patients, you may be neglecting to check on the quality of their overall experience. Sure, you may fulfill every single one of their medical needs, but you can’t say the same with every aspect of your business. Maybe they find appointment scheduling confusing, or perhaps they have trouble deciphering billing statements.

Before you get bombarded with work this new year, look at the bigger picture, and pinpoint the things that patients have a problem with. Once you fix them, you’ll be able to deliver the best care and experience possible.

Follow the tips above to take your medical practice up a notch. There are other solutions you can think about, including using a co-working medical office. It will help you streamline your resources and improve your medical practice.

Clinicube® is a shared medical office space in NYC for physicians and chiropractors. Get in touch with us today to see how we can help!