095: Finding Your Distinct Purpose

On Practice Freedom, explore how to get the most out of the clinical and business side of healthcare practice to help practice owners live their best lives.Listen as we discuss how private equity and other outside investments can create a more meaningful, innovative practice and make a more significant impact on the healthcare system. We also talk about the importance of having a purpose and envisioning the future of the practice, as well as the Practice Life Cycle and how to acknowledge the end goal, whether handing off the practice to children or selling it.Join us to hear the importance of vulnerability and taking risks to create a unique value proposition for our practices. We'll talk about how to create a culture that supports growth and how to build out a vision that is worth pursuing. We also consider how to assess the maturity of the practice and how to make progress with hiring, managing, marketing, developing processes, scaling, and working less. Finally, we discuss the importance of providing a customer experience that is low friction, high value, and improves lives.In this episode of Practice Freedom, we tackle how to manage tight resources and human resources when building a culture. Strategically targeted retention, recruiting more and better, increasing efficiency through processes, and learning to say no are all challenges of taking an organization from low maturity to higher quality talent. We explore the importance of investing in the right people and making sure you have the right team to enable success.Don't miss this insightful conversation on maximizing resources and people in healthcare practices.In this episode, you will hear:<br />Unlock the secrets of practice freedom and maximize resources and people to revolutionize your healthcare practice and live your best life<br />Harness the game-changing potential of private equity and other outside investments to create a more meaningful and innovative practice that makes a more significant impact on the healthcare system<br />Emphasize the importance of having a clear vision, purpose, and end goal for your practice, whether it's passing it down to the next generation or making a profitable sale.<br />Build a thriving culture that supports growth by embracing vulnerability, risk-taking, and crafting a unique value proposition for your healthcare practice<br />Manage tight resources and human resources effectively to build a successful practice, focusing on strategic retention, efficient recruitment, streamlined processes, and knowing when to say noFollow and Review:<br />We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.