Your Practice, Diagnosed: Take the Financial & Operational Health Quiz
Name
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First Name
Last Name
Email
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example@example.com
Revenue & Profitability: Check ALL that apply
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Your pricing is strategic, aligned with market and service value.
Monthly revenues are tracked and compared to budget.
You are tracking revenue by service category (e.g., surgery, wellness, diagnostics)
You monitor and track ACT (Average Client Transaction)
Your profit margins are consistent and within industry benchmarks.
You monitor and track Doctor production.
Expense Management: Check ALL that apply
Expenses are categorized and reviewed monthly.
Payroll costs within recommended percentage of revenue (typically 40-50%)
Inventory costs are monitored and optimized.
You have a process for vendor negotiation and cost control.
Practice Operations Check ALL that apply
Compliance rates (vaccines, annual bloodwork, dental cleanings, parasite prevention, etc.) are being tracked and reviewed Monthly.
New Client Acquisition is being tracked and monitored Monthly.
Client Retention Rate is being tracked and monitored Monthly.
Standard Operating Procedures (SOPs) exist for each process in the practice.
AI is being utilized to summarize medical records, most notably SOAP notes.
Staff / Practice Culture Check ALL that apply
Team members understand and actively support the practice’s mission (e.g., delivering exceptional care).
Everyone knows their role and takes responsibility for their performance.
Your staff has low turnover, high morale, and a sense of camaraderie are the norm.
Staff feel comfortable sharing ideas, concerns, and feedback.
Achievements are acknowledged regularly both formally and informally.
Tax & Compliance Check ALL that apply
Quarterly estimated taxes paid on time.
Your practice is structured for tax efficiency (e.g., S-Corp, LLC)
You are taking advantage of all available deductions and credits.
Financial statements are prepared and reviewed regularly.
Growth & Strategic Planning Check ALL that apply
You have a written financial plan or budget for the year.
Are you tracking KPIs (Key Performance Indicators) monthly
You have conducted a recent valuation of your practice.
You are currently, actively, planning for either expansion, succession, or exit strategy.
How did you do?
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Submit your answers to see how you did!
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