Dr. Kelley Mulhern Archives

Financial Challenges Facing Physicians

June 15, 2019 by Dr. Kelley Mulhern Leave a Comment

There are unique financial challenges facing physicians. We earn more than the average person but we have some problems that our contemporaries do not.

Student Loan Debt

The average student loan debt for recent medical school graduates is nearly a staggering $200,000. The average salary for a primary care physician is $195,000 per year, the average for a specialist is $284,000, the average for an “alternative care provider” can be anywhere from $30,000 to $150,000. Add on another $8,000 in non-education related debt (most likely due to credit cards) and perhaps a mortgage. Being a resident or new in practice may not pay well, and there isn’t time for a second job, so a lot of life’s expenses get charged.

Patient Education

June 1, 2019 by Dr. Kelley Mulhern Leave a Comment

Patient education can make or break your practice. No amount of marketing can make up for a lack of patient education.

What Do You Do?

It sounds like a ridiculous question, but ask the average person what an orthopedist does. Answers might range from “I don’t know” to, “Something to do with knees.” But what if you’re an orthopedist who specializes in shoulders? A potential patient with a shoulder problem might pass you by because they don’t know orthopedists do more than deal with knee injuries.

It’s up to you to educate patients on what you do…everything you do.

Up for Review

May 1, 2019 by Dr. Kelley Mulhern Leave a Comment

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Even if you haven’t intentionally created an on-line presence, you may still have an on-line presence. Whether you’re aware of it or not, you and your practice are up for review.

Buyer Beware

If you’re thinking of trying a new restaurant or hair salon, do you hop onto a site like Yelp to find out what others had to say about them? Many of us do, and increasingly, patients are doing the same before choosing a practitioner. A lot of patients are doing this, and as much of 85% of patients let these reviews influence their decision.

Membership Practices, Concierge Practices, and Direct Primary Care: Similarities and Differences

February 15, 2019 by Dr. Kelley Mulhern Leave a Comment

The terms “membership practice”,”concierge medicine,” and “direct primary care” are sometimes used interchangeably. While they have similarities, they have distinct differences too. It’s important to be familiar with the differences so you can help your patients understand them and be more comfortable with your new practice model.

If you’re among the many doctors seeking a better way to serve your patients, you may be considering a membership, concierge, or direct primary care practice model. To help you make the best decision for you and your patients, this post will outline what these practice models have in common and how they differ.

Healthcare Practice Marketing Indecision

January 15, 2019 by Dr. Kelley Mulhern Leave a Comment

Healthcare practice marketing indecision can cripple your practice growth and stability. Wow, that’s a pretty bold statement…but it’s true. Indecision can result from a lack of focus, certainty, information, or confidence. Since most healthcare professionals receive little education in how to successfully conduct healthcare practice marketing, it’s no wonder they struggle to make strategic marketing decisions.

Healthcare Practice Marketing Sabotage: 3 Surprising Tactics

January 1, 2019 by Dr. Kelley Mulhern Leave a Comment

Healthcare practice marketing sabotage exists, and should be considered when reviewing your practice marketing strategy. Sabotage is the intentional destruction (or obstruction) of an action, process, or accomplishment. Most of us would be furious to discover someone sabotaging the healthcare practice we’ve worked so hard to build…yet sometimes we’re the ones unintentionally sabotaging ourselves. For example, you’ve probably seen a patient sabotage his own efforts to stick to a new exercise regimen, or her own efforts to lose weight. Self-sabotage happens in personal life, as well as in our businesses.

Healthcare Marketing Mastermind Group

December 16, 2018 by Dr. Kelley Mulhern Leave a Comment

Mastermind groups have been around for several decades, but have you ever thought of creating or joining a healthcare marketing mastermind group? A mastermind is a group that meets on a regular basis (typically monthly or quarterly) to share challenges, successes, and ask for feedback. The participants can be from the same profession or from a variety of professions. For a healthcare marketing mastermind, I’d recommend working with practitioners from various healthcare disciplines.

Healthcare Marketing and Zonkies [Dare to be Different!]

November 11, 2018 by Dr. Kelley Mulhern Leave a Comment

Healthcare marketing and Zonkies? Seriously, what’s the connection? Healthcare providers often do the same, old, tired events and activities for their healthcare marketing. Certainly there’s a place for those things…they became “standard marketing” (or “workhorses”) because they were effective or provided useful information. We don’t want to throw them out completely…but consider enhancing them with some new, fresh, and interesting healthcare marketing activities where you dare to be different! (The zonkey!)

That’s right! Think outside of the box. Pretend there is no box! Be clever. Be unique with your marketing. Stand out from the crowd of healthcare providers clamoring for the public’s attention…

External Marketing for Healthcare Practices [Easy Definition]

September 1, 2018 by Dr. Kelley Mulhern Leave a Comment

We examined the concept of internal marketing for healthcare practices in a previous blog. Let’s turn our attention now to the concept of external marketing for healthcare practices. Simply stated, [external marketing] for healthcare practices is any activity or event done outside the walls of your office to promote your practice. The most effective marketing strategies utilize a combination of internal and external marketing for practice success.

Internal Marketing for Healthcare Practices [Easy Definition]

August 1, 2018 by Dr. Kelley Mulhern Leave a Comment

Chances are, when you graduated from your healthcare education institution, you didn’t have a strong background in marketing. If you had to define internal marketing for healthcare practices could you do it? For most providers, the answer is no, yet internal marketing is critical to the success of a practice. If you’re among the majority in this case, take a deep breath. I’m going to give you an easy definition you can use when developing your marketing strategy.