In the rapidly evolving world of healthcare, the distinction between leadership and management is more critical than ever. While both roles are vital to the success of healthcare practices, understanding and balancing their unique contributions can lead to extraordinary outcomes. This blog post explores the fundamental aspects of leadership and management in healthcare, offering insights into how these elements can be harmonized to elevate practice excellence.
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Maintaining team morale and preventing burnout is crucial for a thriving practice in a high-pressure healthcare environment. Here, we explore how small victories can transform a healthcare practice into a positive and successful work environment.
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Healthcare leadership faces significant challenges today, with burnout and organizational inefficiencies at the forefront. Through innovative strategies and a commitment to wellbeing, healthcare leaders can foster environments that support their teams and deliver exceptional patient care. This blog post explores the journey and insights from a seasoned healthcare leader, Dr. Paul DeChant, and outlines strategies to transform healthcare leadership.
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In today's fast-paced world, finding a balance between professional ambitions and personal peace can seem elusive. However, it is possible to thrive both in business and life by cultivating harmony between ambition and tranquility. Let's explore key strategies to achieve this balance and grow beyond the daily grind.
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In the evolving landscape of healthcare practice sales, navigating exits effectively is crucial for practitioners aiming to maximize value. Understanding the dynamics of private equity, financial strategies, and market trends can make the difference between a successful transition and a missed opportunity.
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In the ever-evolving landscape of healthcare, leadership plays a crucial role in the success of private practices. The key to unlocking growth lies in visionary leadership that inspires, aligns, and drives a team toward a common goal.
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In today's rapidly evolving healthcare landscape, leadership plays a pivotal role in shaping the future of private healthcare practices. The ability to inspire, empower, and adapt is crucial for leaders striving to create exceptional patient experiences and foster sustainable growth. This blog post delves into the essence of transformative leadership, drawing insights from industry experts with extensive experience in fitness and healthcare.
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This blog post will explore key strategies for mastering talent accumulation in healthcare private practices, focusing on leadership, culture, and efficient recruitment processes.
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In the world of marathon running and healthcare recruitment, both pursuits demand strategic planning, endurance, and a keen understanding of personal and professional dynamics. This blog post delves into the fascinating intersection of these two realms, offering insights and strategies for success.
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Achieving a balanced and thriving practice requires a strategic approach, mindful prioritization, and often, the guidance of a coach. This post delves into why coaching can be transformative for your practice, how to prioritize effectively, and real-world strategies to ensure a healthier work environment.
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Healthcare is a sector continuously evolving, driven by the necessity to improve patient care, streamline operations, and foster a culture of innovation. Effective leadership plays a crucial role in navigating these changes.
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Private equity investments in healthcare have long been a topic of debate. While some view it as a path to ruin, others see it as a gateway to unprecedented growth and stability.
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In the rapidly evolving landscape of healthcare, private practices face a unique set of challenges and opportunities. The interplay between innovative business strategies and stringent regulatory requirements can be complex. Here, we delve into key strategies and insights for healthcare providers aiming to thrive in this environment.
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Transitioning from an individual healer to a visionary leader in healthcare practice is a multifaceted journey that requires strategic planning, mindset shifts, and effective delegation. This post explores the essential steps and strategies to navigate this transformation successfully.
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Winning isn't just about the accolades. It's about the journey and the resilience required to achieve success.
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Effective delegation and accountability are critical components of success and sustainability in healthcare private practices. This blog post expands on key strategies and insights to help healthcare leaders elevate their practices through smart delegation and robust accountability measures.
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Transitioning from a manager to a leader in private healthcare practices can be an experience that can either make or break your business. This guide delves into key strategies for mastering leadership, effective delegation, and fostering accountability within your healthcare team.
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Transitioning from a physician's white coat to an entrepreneurial leader's suit is no small feat. This transformation requires a shift in mindset and acquiring a whole new set of skills. In this blog post, we delve into the compelling journey of healthcare professionals moving into entrepreneurial roles, exploring the importance of humanizing leadership, mastering essential management skills, and creating patient-centric healthcare practices.
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Healthcare practices are complex organizations where clarity, efficiency, and effective decision-making are paramount. Traditional organizational charts, often focused on titles and seniority, can sometimes hinder these goals.
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In the ever-evolving world of healthcare, leadership and growth are crucial for creating successful and supportive medical practices. One of the most transformative elements of leadership is vulnerability.
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This blog post delves into various aspects of psychedelic therapy, including the role of leadership, the ethical considerations of ketamine clinics, and the transformative power of vulnerability.
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In recent years, the field of psychedelic therapy has garnered significant attention for its transformative potential in treating mental and emotional health issues. Pioneers in this space, such as Ben McCauley from Denovo Therapy in Lubbock, Texas, are leading the way in making these therapies both accessible and effective.
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Running a healthcare practice is a complex endeavor that requires medical expertise and strong business acumen. The Entrepreneurial Operating System (EOS) offers a structured approach to streamlining your practice, ensuring both your team and patients are well-served. Let's explore how you can transform your healthcare practice by implementing EOS, focusing on its six critical components: vision, people, data, issues, process, and traction.
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The healthcare industry is constantly evolving, with practitioners seeking new ways to maximize revenue and efficiency. This post explores strategies to help healthcare professionals optimize operations, attract patients, and build sustainable business models.
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Running a thriving healthcare private practice is no small feat. It requires balancing high standards of excellence and empowering your team to grow and learn.
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Healthcare professionals often find themselves at a crossroads, seeking to transform their roles from practitioners to successful practice owners. In an industry where burnout and underpayment are common, some strategies and mindsets can lead to the successful scaling of a healthcare practice.
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An abundance mindset can shape your personal and professional life. It is based on the belief that there is always enough time, resources, and opportunities to go around. This contrasts starkly with a scarcity mindset rooted in fear and the notion that everything is limited, leading to hoarding and restrictive behaviors. Adopting an abundance mindset is not about being naive or ignoring real-world limitations. It's about focusing on possibilities and growth, even in the face of challenges.
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Sleep is a fundamental human need for our overall health and cognitive function. It is not just a period of rest but a state of healing and regeneration that impacts every aspect of our lives, including our professional success.
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The healthcare sector thrives on the expertise and dedication of individual contributors, who are often the driving force behind private practices. These high-value individual contributors, such as doctors, lawyers, and specialists, play a crucial role in ensuring the economic vitality of healthcare organizations.
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Primary care is undergoing a significant shift, integrating lifestyle medicine with savvy business strategies. Maintaining the integrity of healthcare while also ensuring the financial viability of a practice is a delicate balance.
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In healthcare, professionals face the challenge of providing exceptional patient care and ensuring their practice stands out. The key to success lies in specialization – finding a niche that resonates with your passion and meets the unique needs of a specific patient population.
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Attracting the right patients is pivotal for the growth and success of any practice in specialized healthcare. Niche marketing has emerged as a powerful tool for healthcare specialists who aim to draw in patients specifically seeking their unique services.
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Entrepreneurship is about financial success as much as it is about balancing personal aspirations with the demanding rhythm of business ownership. Mastering this balance is essential for entrepreneurs aiming to achieve professional success and personal fulfillment.
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The medical industry is witnessing a shift from traditional, expertise-driven leadership to a model that embraces innovation, curiosity, and strategic foresight. This transition requires medical professionals to step beyond their clinical roles and engage in visionary leadership that can steer medical practices toward operational excellence and sustainable growth.
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Healthcare entrepreneurship offers a unique blend of challenges and opportunities. From managing medical practice to maintaining effective leadership, healthcare entrepreneurs must navigate a complex landscape.
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Success, whether in healthcare practice or any other professional endeavor, often seems to result from dramatic breakthroughs. However, the reality is that the small, consistent actions we take every day have a far greater impact on our long-term achievements.
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Healthcare practice owners have unique financial planning needs beyond just managing a clinic or practice. By adopting a strategic approach to their personal and business finances, they can create a rewarding healthcare career that also supports their long-term wealth goals.
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Like any other business, medical practices can encounter growth plateaus that hinder their progress and profitability. Overcoming these challenges requires a strategic approach to leadership, accountability, and empowerment. In this blog post, we'll explore the strategies medical leaders can adopt to transcend the hurdles of financial and cultural stagnation.
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Healthcare private practices face unique challenges when it comes to Human Resources (HR) management. The right HR strategy can significantly improve the success of these businesses. Let's explore the key components of HR that healthcare practices need to focus on for sustained growth and a high-performance culture.
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In the healthcare world, having a strategic foundation is critical for the success and growth of any practice. Organizational strategy is pivotal in creating efficient teams, fostering accountability, and ensuring the practice operates at peak performance. This article delves into the crucial aspects of crafting a strong organizational framework for healthcare practices.
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Navigating the complex landscape of leadership in healthcare requires a refined approach to communication—one that balances honesty with empathy. Effective leaders understand the nuanced difference between being “brutally honest” and “honestly brutal,” recognizing that how they convey their message can profoundly impact conflict resolution within their teams.
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Much like the broader healthcare sector, the dental industry faces significant staffing and practice management challenges. As we enter a new era of innovation, entrepreneurs are reshaping how dental offices hire and maintain their workforce. Let’s dive into the transformative strategies revolutionizing dental staffing and practice culture.
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Healthcare is not just about treating illnesses; it's about fostering an environment where excellence thrives. In a medical practice, the culture can significantly impact patient care, staff satisfaction, and the organization's overall success. Let's explore how to create a peak performance culture in healthcare.
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The healthcare industry faces unique challenges in recruiting and retaining top talent. With a rapidly evolving landscape, it's more critical than ever to employ innovative strategies for building an efficient and dynamic team. In this blog post, we delve into strategies that can help healthcare practices attract high-quality candidates and enhance their operational efficiency.
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Leadership is a pivotal aspect of any organization's success. Yet, when it morphs into a toxic force, it can severely harm the organizational culture and employee well-being. Toxic leadership is often characterized by behaviors that are manipulative, abusive, or unethical, and it can lead to a host of adverse outcomes, including decreased employee engagement, higher turnover rates, and diminished productivity. Understanding the dynamics of toxic leadership and how to address it is crucial for cultivating a healthy, thriving work environment.
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The healthcare world is witnessing an intriguing transformation as entrepreneurial physicians like Dr. Tisha Rowe step into the arena of healthcare innovation. Dr. Rowe's journey is a powerful narrative for those interested in patient care and business acumen. Healthcare entrepreneurship is challenging but holds great promise for revolutionizing patient experiences and shaping the future of private practice.
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The healthcare industry is not just about providing medical services; it's also about managing a successful business. Healthcare providers who own private practices face the dual challenge of fulfilling their clinical roles and ensuring their practice thrives as a business. It is crucial to master the different roles within a healthcare practice to find balance and avoid burnout. Let’s delve into how mastering specific roles can lead to a more balanced and prosperous healthcare practice.
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By understanding the importance of compensation, culture, and team dynamics, healthcare practices can enhance patient care quality and ensure the success and satisfaction of their teams.
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In the hustle of everyday life, it's easy to get caught up in the cycle of repetitive tasks, losing sight of the bigger picture – the purpose behind our actions. Many people struggle to find their "grand life purpose," but what if the secret to a fulfilling life lies in the small, intentional actions we take daily? Intentional living and purpose-driven leadership are not just abstract concepts; they are practical approaches to finding joy and meaning in both our personal and professional lives.
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Healthcare entrepreneurship is a dynamic and rapidly evolving sector brimming with potential for passionate and purpose-driven individuals. A deep dive into this uncharted territory reveals an inspirational vision for the future of healthcare, offering a fresh perspective on the role of balance, mentorship, and self-realization in achieving professional and personal fulfillment.
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Running a successful healthcare practice involves much more than offering quality medical care. It requires a strategic approach combining patient selection, a robust organizational structure, and an understanding of your target market. When appropriately implemented, these factors can revolutionize your healthcare practice, providing better service to patients and boosting your business growth.
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Starting a new entrepreneurial venture in the healthcare industry can be an exhilarating and nerve-wracking experience. Dr. Natalie Hone shares her story as she stands on the brink of opening her private dermatology practice. She dives into her motivation, the unique combination of medical and cosmetic services, the entrepreneurial side of healthcare, and her challenges.
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In every industry, strategic goal-setting is the key to success. It provides a clear path and establishes the milestones that mark your progress. In healthcare private practice, goal setting becomes even more crucial. By defining attainable, relevant, and time-bound goals, practitioners can transform their predictions into reality and unlock their practice freedom.
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In recent years, the concept of an abundance mindset has been gaining traction. Particularly in the healthcare industry, the shift from a scarcity mindset to an abundance perspective has shown significant potential to drive personal and professional growth. The profound impact of these mindsets on our lives is what we will explore in this article.
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Healthcare, traditionally viewed as a service-oriented field, is increasingly being recognized as an area ripe for entrepreneurial innovation. Industry leader Jeff Russell offers a unique perspective on this, asserting that private practice healthcare provides unique challenges and opportunities for entrepreneurs.
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Leaders in the complex and dynamic healthcare field are crucial in driving innovation, advocating for quality care, and transforming traditional models to meet modern demands. One such healthcare visionary is Dr. Clive Fields, co-founder of VillageMD, who is redefining the future of healthcare by focusing on value-based care, leadership, and the critical role of independent private practice.
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Healthcare systems are constantly evolving, and to understand this dynamic, one must appreciate the insightful perspectives of those who lead these transformations. In this case, we delve into the wisdom of James M. Dieter III, the CEO of Principle Health Systems, a visionary who has revolutionized patient care and transformed healthcare leadership.
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In the healthcare sector, setting clear expectations and effectively managing complexities is the key to successful practice. These are not only essential for a profitable healthcare practice but also contribute significantly to improving patient care and overall organizational growth. In this article, we will delve deeper into the secrets of effective healthcare management, the role of leadership, and strategies for successful management in the healthcare spectrum.
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Healthcare entrepreneurship can be a challenging and overwhelming journey, especially for those at the helm of the business. The key to thriving in this realm lies in developing a robust and resilient mindset, understanding your roles as a healer, manager, and visionary, and mastering the art of balance.
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Developing an impactful organizational culture is not an easy task. It involves a transformational journey that starts by identifying the organization's core values and then instilling them in every team member. However, it doesn't stop there. The process requires continuous nurturing and development to ensure the culture remains strong and resilient in the face of changing circumstances.
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In a dynamic business world, transparency has become crucial in building a strong, sustainable organization. Financial transparency holds a special place among various forms of openness due to its significant impact on trust-building, decision-making, and overall organizational health. It involves providing clear and timely information about the company's financial status to all stakeholders, including employees at all levels.
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In the fast-paced world of healthcare, creating a strong, robust company culture is more crucial than ever. This is an arena where employees deal with life-and-death decisions daily, and the pressure and stress can be overwhelming. A strong culture boosts morale and improves performance and patient care. Here are some key insights on shaping a robust company culture in healthcare.
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Understanding your company's performance is vital to making informed decisions in today's competitive business landscape. One effective method to comprehend the volatility and seasonality of your business is by running trailing 12-month numbers.
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The healthcare industry presents a unique challenge of combining two seemingly opposing facets: business and compassion. Professionals in this field, like Dr. Keith Johnson, an orthopedic practitioner from El Paso, Texas, often grapple with this conundrum.
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Navigating the complex landscape of the healthcare industry often requires professionals to take on dual roles. It's not uncommon for individuals to serve as healthcare providers while simultaneously managing their private practice.
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Healthcare organizations, like many other industries, are not exempt from the challenges associated with hiring the right people. In fact, the stakes may be even higher in this sector, given the critical nature of the roles that need to be filled. This blog post explores strategies for enhancing the hiring process, cultivating strong leaders, and building a robust culture in healthcare organizations.
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The concept of visionary leadership has transformed the way businesses operate, sparking innovation and fostering exponential growth. A visionary leader possesses unique qualities, including the ability to inspire, motivate, and direct their teams toward a common goal. This post explores the intricate role of visionary leadership in business, highlighting its significance, the emotional complexity of visionary leaders, and the balance between vision and execution.
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Private healthcare practices have a significant role in the overall health system. This article explores the private healthcare landscape with the Chief Medical Officer of Vision Source, Dr. Amir Khoshnevis, focusing on Vision Source’s unwavering commitment to patient care and the implications of its unique mission.
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Healthcare practices, like any other organization, need to set achievable goals and understand the power of feedback to succeed. Setting realistic objectives, appreciating the discrepancy between vision and reality, and utilizing feedback loops are essential in predicting future outcomes. Let's delve into setting realistic goals and harnessing feedback in healthcare practices.
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This episode of Practice Freedom takes you on a journey of discovery with Mark’s guest, Jamie Rosin, a third-generation owner of a 93-year-old optometry business. We navigate the transition from a small family operation to a regional player with over 50 locations, unveiling the power of patient experience, innovative items, and the crucial role of family in business operations.
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Healthcare organizations often operate within a complex system, including various personalities, skill sets, and attitudes. The way these organizations handle these complexities can significantly impact their success. This article explores the potential of leveraging outsized influencers and core values to drive positive change in healthcare organizations.
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Today's rapidly evolving healthcare landscape demands leaders who can balance hard work, innovation, and authentic care, creating a company culture where patients and team members alike feel valued and understood. This article explores the intricacies of healthcare leadership, the role of authentic care, and the importance of a people-centric culture in modern healthcare practices.
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Maximizing growth in your practice can be a complex challenge, especially when faced with resource constraints. However, by leveraging four major levers - retention, recruitment, process efficiency, and the power of saying “no,” you can overcome these challenges and empower your practice towards exponential growth.
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In the dynamic world of healthcare, establishing a successful private practice can be challenging. Achieving a delicate balance between delivering world-class care, efficiently running a business, and maintaining a fulfilling personal life is crucial. This is especially true in the realm of anesthesia practice. Understanding the intricacies of insurance and billing in different states, differentiating between anesthesiologists and Certified Registered Nurse Anesthetists (CRNAs), and fostering a thriving organizational culture are all essential components of a flourishing practice.
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Healthcare practices are constantly looking for ways to improve their services, increase their impact on patients, and grow their businesses.
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The healthcare industry is constantly evolving, and as a healthcare practitioner, it can be challenging to keep up with the changes while also maintaining a successful and profitable practice.
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Fear can often drive business decisions, leading to undesirable outcomes. By learning to recognize patterns, asking obvious questions, and maximizing resource efficiency, businesses can overcome fear and achieve greater success.
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In the world of private practice healthcare, professionals face a unique set of challenges that can make or break the success of their organizations.
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Running a healthcare private practice is a complex and challenging endeavor. It entails striking a delicate balance between providing quality care to patients, managing the business aspects of running a practice, and maintaining a healthy work-life balance.
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I recently interviewed Dr. Joe Galati. Dr. Galati is a liver specialist in Texas who left his medical school faculty job to open his own private practice.
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We recently had a conversation with peak performance coach Dr. Torrie Higgins from The Flow Research Collective. Their mission is to better understand the science behind peak performance and our optimal state of consciousness and use it to train individuals and organizations. We discussed flow, the effect of stress, and how to plan your days so you can be more successful and experience rest.
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Alex Freytag is an author, an expert in EOS implementation, and the founder of Profit Works. He’s also an all-around great guy whose passion is helping business owners get what they want from their businesses and life. We recently had a discussion on compensation in the workplace.
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Back in August of last year, I had the privilege to have Angela Shaw as guest on my podcast. It was an eye opening discussion of how different a typical workday is for someone of color. While most of us worry about getting to a meeting on time, a lot of our peers truly worry about getting to work safely and free from discrimination.
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Entrepreneurs are giddy and excited about the prospect of 2021. New goals, new challenges, new ideas - the possibilities are absolutely endless! If some of your employees don’t feel like 2021 has anything new to offer, there are a lot of ways that you, as a business leader, can put your organization in a place of certainty and stability this 2021.
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For an EOS Implementer, one of the most disheartening things to see is a leadership team that is unexcited, distracted, and bored coming into their annual planning session. The Entrepreneurial Operating System has a specific way of conducting annual planning sessions that not only ensure a productive year ahead but get teams fired up to hit the ground running for the following year.
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