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How to generate more revenue from your practice

December 23, 2024
Written by: Jordon Comstock

I have been studying and reading more books about marketing and sales. I think this skill set is so important even for practice owners and team members to understand. I have been reading a lot of content from Russell Brunson. He is another entrepreneur from Utah and has grown his company from $0 – $100 million/yr in 3 years without funding, without venture capital/ investors. Pretty amazing. I love learning from successful people and today I read a segment of his book that teaches business owners how to generate more revenue from their business assets! Take a look at this image:

IMG_0756

The above image is called a value ladder and it will show you the sales funnel of patients coming through your practice. Notice, to attract patients you start with small offers (free or cheap) to get them in the door, then you start up-selling offers to them. Whitening, membership plans, treatment. This alone is how you can increase your revenue, So make sure you understand your own sales funnel!

Noticed that I circled “retainer” also know as a membership or subscription. I think this is a missing component for dental practices because insurance companies take the residuals/subscription revenue away from your own business and use it for their own (insurance companies have a great business model) Retainer payments are predictable, automatic and you can forecast them year over year. This is why it’s important to automate and track your membership program.  My team and I have also tracked member patients vs non-member patients and have found that members spend 3.5x more than non-members, incredible!

I would like to invite you to our webinar titled: “How to grow a dental membership program by 1,000%”


 In this webinar, we will educate your office on how to create and grow a dental membership program, generate over a $100,000 of predictable recurring revenue and how to increase case acceptance. We will teach you the concept of a dental membership program, how to use BoomCloud to manage and scale your program to hundreds or even thousands of patients and how to start your membership program now. This course will help you install and system to help you manage and track your sales funnel. I can’t wait to see you there!

Date:
May 29, 2019, 6:00 PM Mountain Time

Register now: 

https://zoom.us/webinar/register/6515587147202/WN_5VQD3YsBRrKy_9fnJW9QZg

Best,

Jordon Comstock

Founder, CEO

My Top Podcasts

Download "The Million Dollar Dental Membership Plan" E-book!

Learn tactics and strategies from practices that have built a million dollars in recurring revenue from their membership subscriptions alone! Creating a patient membership plan is the smartest strategy to implment in your practice. You will increase patient satisfaction & loyalty, Increase predictable recurring revenue & improve your case acceptence by 3X with members. Download the book Now!

Membership Plans For Optometrists

vision-membership-plan-ebook Learn tactics and strategies from practices that have built a million dollars in recurring revenue from their membership subscriptions alone! Creating a patient membership plan is the smartest strategy to implement in your practice. You will increase patient satisfaction & loyalty, Increase predictable recurring revenue & improve your case acceptence by 3X with members. Download the book Now!

What is BoomCloud™?

BoomCloud is a software platform that allows you to create, manage & grow your own membership program. Build unlimited plans, track recurring revenue, active members metrics. Integrate your online membership enrollment with your website & start growing recurring revenue. Schedule a demo!

Fire The PPOs With These Proven Strategies!

Discover how to break free from the grip of PPOs and transform your practice into a thriving, profitable business. Imagine better cash flow, higher profits, and stronger patient relationships. It’s not a dream – it’s a reality waiting for you.

Say goodbye to PPOs and hello to a thriving, independent dental practice. Don’t miss out – your journey to financial freedom starts here!

Watch a BoomCloud™ Demo

Power your patient membership program, Create recurring revenue, improve patient loyalty & maximize patient spend. 

Subscribe to Our Podcasts!

Jordon Comstock

Author Bio

Jordon Comstock is the Founder & CEO of BoomCloud™, a software that allows practice, clinic & spa owners to build, manage and scale a membership program. This helps practice & clinic owners to create recurring revenue & improve loyalty via membership programs. Jordon is passionate about Music, Hawaii, Healthcare businesses like: dentistry, optometry, med spas and massage spas. Schedule a demo of BoomCloud™ and learn how membership programs can improve your business. Here are more dental books to improve your practice

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Calculate the hidden costs of relying on traditional PPO plans. Our PPO Loss Calculator reveals the revenue you could be missing out on and helps you strategize for greater profitability with a membership-based model.

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