Dr. Vince Leone explains why chiropractors should add high-ticket, cash-based services to their practices. You reduce insurance dependence, decrease physical wear by delegating to staff, boost practice resale value, increase monthly cash flow, and align pay with your expertise.
Hello, fellow chiropractors. Dr. Vince here with the Profit Niche Practice. And today I want to talk about the 5 really important reasons why you should add a high-ticket niche to your practice. Now quickly, what is a high-ticket niche? This is a high-value cash service. So let's go ahead and dive into those key reasons. Number 1, we want to decrease our reliance on insurance. Right? I don't know anybody that wants someone else dictating what they should charge or what they should get paid, right? So, and plus, insurances never go away completely. Like, don't get me wrong, but they will make it harder and harder for you to get smaller and smaller checks. So that's number 1, decrease your reliance on insurance. Number 2, decrease the wear and tear on your body. When we do these, add these high-ticket niches to our practice, we're going to use staff and systems and technology to do the bulk of patient care. Now, we're still the doctor, We're still gonna qualify the patient and enroll the patient into care, but then staff, systems, and technology takes over from there. 3, we want to increase the value of the practice is the number 3 reason. Now, did you know it's very difficult to sell a practice these days? And it probably always will be a traditional chiropractic practice because you're essentially buying a bunch of files, right? And, you know, half the patients leave. So when we add a high-ticket niche and we have the staff, the systems, the marketing, the technology to deliver these high-value cash services, all of a sudden Boom, the end— the value of the practice increases. Okay, so it's going to help you at retirement. Number 4, you want to save more money. When you make more money, when you increase your cash, your monthly cash revenue by $10,000, $20,000, $50,000 a month, you're able to save more so much easier. So if you're behind on your retirement savings, this is an excellent way to catch up. And number 5, get paid what you're worth. How long you been in practice, Doc? 10 years. At a bare minimum, probably more like 15 or 20 years, sometimes 30 years, still getting paid $40 an adjustment. Okay, so I know in your head you have a lot more expertise, you're worth more than that. And if you could put these protocols into place, add these niches to your practice, and then get the patients in, you can get paid what you're worth finally. So those are the 5 reasons to add a high-ticket niche to your practice. I'm Dr. Vince from the Profit Niche Practice. I hope this has been helpful for you. If you'd like to see a more in-depth training on this, check out drvinceleone.com. If you want to schedule a free practice consultation, You can look at drvincecalendar.com and it'll get you all set up. So hope this has been helpful for you and we'll see you next time. Take care.
