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Dr. Kelley

Healthcare marketing resources for private practices.

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Recent Posts

  • Podcasts That Inspire: Marketing Insights for Holistic Practitioners
  • How to Use Segmentation in Email Marketing to Better Engage Your Holistic Clients
  • The Top Email Marketing Platforms for Holistic Practitioners: A Comprehensive Comparison
  • How to Choose the Right Website Platform for Your Holistic Practice
  • The Impact of Geographic Location on Holistic Health Trends and Client Preferences

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Healthcare Practice Marketing for Introverts

by Dr. Kelley Mulhern Leave a Comment

name tag label with name introvert

Healthcare Practice Marketing for Introverts. Many healthcare professionals are introverts, and that can make healthcare practice marketing and self-promotion challenging. But don’t despair! Here are some tips to help even the most introverted healthcare professional to market their private practice effectively.

First, change your perspective on your activities. Instead of getting overwhelmed at the thought of “marketing,” “networking,” or “promotion,” change your terminology. Are you more comfortable with “connecting,” “helping,” or “sharing?” It sounds silly, but words are powerful.

Second, take a close look at your effective healthcare practice marketing activities. With which ones do you stay relaxed? Which ones cause anxiety or stress? In general, focus more effort on those activities which allow you to stay calm and relaxed. If there’s a marketing activity which yields tremendous results but causes significant anxiety, look for ways to achieve the same results with less stress. For example, perhaps a health talk produces great results but you’re a nervous wreck for a week. Can you take a class on public speaking and become more comfortable? Or perhaps change the format to a panel discussion so you’re not the center of attention.

Third, consider adding marketing techniques and activities you haven’t tried before. Some ideas that may appeal to your introverted nature are: Writing practice-specific brochures for your target demographic, volunteering your time or services for a worthy cause, sponsoring a popular speaker on a topic important to your community, blogging, or joining a community service organization.

Fourth, remember that no matter what word we use, or what activity we employ, all relationships are built one person at a time. The same is true for healthcare marketing and building your private practice – it happens one person at a time. Those face-to-face interactions are oh so important.

Finally, don’t expect every event or activity to generate huge results. While some healthcare practices may develop signature events with extreme return on investment, that’s not the norm. Face-to-face interactions…day after day, month after month, year after year…add up. Take a long term view and realize that consistent effort over time will help you build the private practice – and life – of your dreams!

Are you an introvert in the healthcare field? What marketing ideas and activities have worked for you? Please share your experiences in the comments box below!

For more information on building community connections, I encourage you to read my new book Community Connections! Relationship Marketing for Healthcare Professionals. If you want more valuable information about how to Connect with YOUR Community, you can find FREE healthcare practice marketing content, PowerPoint Presentation Jumpstart Kits, workbooks, blog articles, and my FREE “Practice Marketing Planner” Now!

 

Filed Under: blog Tagged With: Dr. Kelley Mulhern, healthcare marketing, healthcare practice, Healthcare professionals, introvert, marketing for introverts, practice marketing, private practice, return on investment

Maintain or Regain Your Healthcare Practice?

by Dr. Kelley Mulhern Leave a Comment

backup-or-restore-sign

Maintain or Regain?

Maintain or Regain Your Healthcare Practice?

I had an interesting conversation with my husband Michael, last week. We were talking about how for most people…if they change nothing about their nutrition, exercise, and emotional health habits…today is the healthiest they’ll ever be. For the majority of people who don’t eat well…don’t exercise…and let stress run their lives…they lose health incrementally each day. Thus making today their healthiest day…pretty sobering thought, isn’t it?

In my own healthcare practice, I see patients struggling to regain their health…to get back to a point where they used to be. Therefore, this wasn’t the interesting part of the conversation for me. No…the interesting part of the conversation was when I realized the same truth can be seen in other areas of life. If a person changes nothing about his poor spending or saving habits, today may be the wealthiest he’ll ever be. If a business owner changes nothing about her inconsistent healthcare marketing habits, today may be the most successful she’ll ever be. Yikes!

This discussion reminded me of something I used to tell my patients. It’s far easier to maintain your health (with regular exercise, proper nutrition, and stress management) than it is to regain your health once you’ve lost it. The same is true for money…reputation…fluency in a foreign language…trust…hard drive backups…physical upkeep of a house or business…etc.

Take an honest look at yourself and your healthcare practice. Consider making a list of the things you continuously excel at as well as a list of those skills, abilities, or intangibles you’ve let slide. Why do you excel at the things on the first list – natural aptitude, practice, or force of will? How can you apply those same abilities to the second list? What steps can you take to maintain your business success? In what areas do you need to regain your skills?

If you haven’t already developed your 2017 personal and professional goals, there’s still time! And if you head over to my website, you can sign up for my FREE healthcare marketing tip of the month newsletter and receive a FREE goals workbook to download. As an added bonus, you’ll receive the first two chapters of my e-book, Community Connections! Relationship Marketing for Healthcare Professionals.

Please share your comments, suggestions, and stories at dr-kelley.com and help me create a larger community of successful healthcare professionals!

For more information on building community connections, I encourage you to read my book Community Connections! Relationship Marketing for Healthcare Professionals. If you want more valuable information about how to Connect with YOUR Community, you can find FREE healthcare practice marketing content, PowerPoint Presentation Jumpstart Kits, workbooks, blog articles, and my FREE “Practice Marketing Planner” Now!

Filed Under: blog Tagged With: Chiropractor blog, Dr. Kelley Mulhern, goals, healthcare marketing, Healthcare professionals, Relationship Marketing

Financial Challenges Facing Physicians

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 DebtDebt

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.

You Have a Late Start: Part One

Doctors start their careers full time much later than their contemporaries. Most people who attend college will start working full time in their early to mid-twenties. A doctor may not start earning full-time money until their early thirties. That also means they get a later start on paying back student loans.

You Live the “Doctor Lifestyle”

RolexYou worked hard to become a doctor, and you want to reap the benefits of that hard work. For many doctors, that means living the “doctor lifestyle” complete with big house, fancy car, expensive watches, vacation home; you get the idea. All of that not only adds up, but it might also be distracting you from paying off your student loans and investing.

You Have a Late Start: Part Two

Because doctors spend so many years pursuing education, they get a later start at other important things too; namely starting a family and investing. Delaying parenthood means you have less time to save for college if you want to help fund your children’s education. Currently, the average cost of one year of college ranges from $9,410-$32,405 depending on whether the college is public or private. By the time a newly minted doctor’s kids are ready for college, we can only shudder at how much higher those numbers will be.

The most important way to grow your money through investing isn’t how much you invest but how long you invest. Here’s an example of the power of time when it comes to investing:

Person A invests $10,000, and because they started young, that money is invested for 40 years. Person B, a doctor, gets a later start and invests $50,000 for 20 years. Both get a rate of return of 7%, which is average over a long period of time. Neither person invests any more money, just those initial amounts.

At the end of 40 years, Person A’s $10,000 has turned into $149,744.58. The doctor’s $50,000 has turned into $193,484.22. The doctor only made $43,739.64 more even though they invested five times more than what Person A invested. That is the power of time when it comes to investing your money.

What Can You Do?

The first thing to focus on is debt repayment, especially credit card debt which can have interest rates well into the 20% range. Student loan debt usually has a lower interest rate, so that can be secondary to credit card debt. You need a plan to pay off debt, just throwing whatever is left over at the end of the month isn’t good enough. It’ll take longer and cost you more. Follow either the stack or snowball method of debt repayment. Both have their pros and cons, but both are effective methods of debt repayment. Snow

Once you have all, or at least a big chunk, of your debt out of the way, you can focus on investing. Don’t let the fact that you’re late to the party make you ignore one of the most important tenets of investing; limiting risk. The same rules apply to you that apply to any other investors, ignore them at your (portfolio’s) peril.

Another big factor is avoiding “the doctor lifestyle” and lifestyle inflation, which can happen to anyone. Lifestyle inflation means that every bump in income means a big upgrade in lifestyle, a bigger house, a newer car, first-class flights and five-star resorts instead of flying coach and booking an AirBnB. Invest those income bumps rather than upgrading every facet of your life.

If the thought of managing your money is just too much to deal with when you’re busy with your career and family, there’s nothing wrong with getting some help and advice. There are a lot of generic financial advisors out there, but because of the unique situations doctors find themselves in, look for one who specializes in helping doctors manage their finances. One size does not fit all when it comes to financial advice.

You Still Have an Advantage

Don’t let all this get you down. As a physician, you have a great deal of earning power and, unlike some jobs where you’ll be pushed out upon reaching a certain age or physically unable to do a job anymore, you have many years ahead of you to earn money.

For more information on building community connections, I encourage you to read my new book Community Connections! Relationship Marketing for Healthcare Professionals. If you want more valuable information about how to Connect with YOUR Community, you can find FREE healthcare practice marketing content, PowerPoint Presentation Jumpstart Kits, workbooks, blog articles, and my FREE “Practice Marketing Planner” Now!

Filed Under: blog Tagged With: direct pay insurance, Direct Primary Care, Dr. Kelley S. Mulhern, email marketing, healthcare marketing, Healthcare professionals, marketing a healthcare practice, marketing a small business, marketing for business, marketing for healthcare, marketing strategies for small businesses, marketing strategy, Relationship Marketing

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