The 3 "R"s

The 3 'R's

What are the hardest problems that private practice owners are faced with?

In my opinion, it boils down to the 3 "R"s:

  1. Recruiting
  2. Retention
  3. Revenue

The most successful private practices I've observed focus their attention on keeping their therapists satisfied. This includes offering good technology, fair pay, and, most importantly, trust.

Happy therapists tend to stay longer and even recruit their friends. A robust recruiting and retention strategy often proves to be the key to growing your private practice.

It sounds simple, but you'd be surprised how many practices try to squeeze therapists to increase revenue. This approach does far more long-term damage to their recruiting and retention than the short-term gains it may bring.

Happy staff or a thriving practice? You don't have to choose one over the other — you can have both.