Dr. Nneka Unachukwu shows private practice owners how to hit revenue targets by working backward from the math. If you want $2 million annually and earn $200 per patient, you need 10,000 patient visits. Know your numbers, then decide whether to grow volume, raise rates, or hire another doctor.
$2,000,000
$200 per patient
YouTube video, created/uploaded 2024-10-25
Sometimes people set goals and they just go and do random stuff and they're like, I don't understand why this is not happening. It's an economic sport. It's a math sport. Like you want to. The math needs to math. Right. And so let's say the person is private practice. Who wants to do 2 million. Okay, how much revenue comes in per patient? Let's say this is an insurance based private practice. How much revenue comes per patient? To make it easy, let's say it's $200 per patient. How many patients do you want to see? I want to see this number of patients. Okay. If you're going to do that and you do that all day, every day, what does that come to? Does that come to the 2 million? If doesn't come to the 2 million, then you have to say, okay, let's back up a little. I can increase the number of patients or I can increase the revenue per patient, or I don't want to see more person. I can bring on another physician who would also see patients. You have to have the roadmap. Now, how are we going to get from here to there? The strategy needs to be worked out.
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