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How much value has your practice generated this year? How do you ensure that you’re on top of the collection part of your business? What are some strategies you can employ to capture critical metrics for your business or practice? Dr. Pete and Dr. Stephen continue their series of discussions on the four domains of your practice by taking a deep dive into collections. They discuss the importance of exchanging value and understanding the value sequence that your business operates under. Ultimately, money is a crucial success metric for your practice, and it is interconnected within nearly every facet of your business.

Episode Highlights

00:38 – Dr. Pete and Dr. Stephen read some listener reviews and testimonials

05:56 – The importance of documenting testimonials

07:53 – Dr. Pete and Dr. Stephen introduce today’s topic, Collections

13:28 – What you should actually be measuring in your business or practice

18:40 – Breaking down marketing and payroll costs

25:36 – Strategies for capturing these critical metrics

29:26 – The importance of understanding that metrics are all connected in your business

31:11 – The sensitive yet vital subject of money

Tweetable Quotes

Resources Mentioned

Dr. Stephen’s LinkedIn

Dr. Pete’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business