Due to the changing healthcare environment (Hospital systems, POPTS practice come to mind), that number shrunk to 30 New Patients for us in March.
So we’ve gone on a progressive decline from 154 down to 30 in physician referrals.
Yet we’re busier than ever before…
Our income is better than ever before…
We’re seeing more ideal clients than ever before…
Our patient compliance and graduation rate is better than ever before…
And we continue to grow…
A month or two ago in the “Breakthrough Marketing Strategies for Physical Therapists and Owners” group on LinkedIn…another owner stated:
“We need referrals from doctors to stay in business… if we don’t have that, we might as well join them.”
(I’m paraphrasing, and unfortunately not giving the full context in the space provided here, yet I’m sure you get the point).
I’ll politely decline to agree with the comment, and here’s why.
In spite of operating in one of the most competitive healthcare markets in the U.S., my Private Practice continues to grow (we doubled profitability in 2013, over any other year in business).
So what’s the BIG Secret of how we continue to grow and expand in spite of shrinking referrals?
One of my favorite stories of all-time is Russell Conwell’s “Acres of Diamonds” (you can Google it and read it later).
In the story, a farmer sells his land and farm in Africa and spends the rest of his life desperately searching for diamonds, and dies broke and a failure.
Meanwhile the land that he sold, the farm, later was discovered to be on top of the largest diamond mine in the history of the world…
I’m not sure if the story is true or not.
It’s a good one though.
And it illustrates a point I believe many of us Physical Therapy Private Practice Owners miss…
We’re sitting on Acres of Diamonds, and don’t even realize it…
In my Direct Access Marketing Training, one of the first things I share is the value of:
Your Past PT Patient List (Your Acres of Diamonds)
These people already know you.
They like you.
They trust you.
And now you’ve discharged then and maybe even encouraged them to never come back again…
M-I-S-T-A-K-E (and one I made for years).
In any industry, in any business, the #1 Asset of the business is the customer list AND the relationship of that business with their customers.
And as in other businesses, you can choose to:
Two weeks ago we hit an all-time high here at Madden PT, 17 Returning Patients in one week.
That’s 17 New Patients just from our past patient list.
Our team was pumped.
And you can do the same…
Staying in contact with your past patient list does several things:
And my favorite benefit, if you do this the right way.
They’ll come back years later and talk to you as though they’ve never left.
It’s pretty cool…
Like they’re part of your family.
(I cover step-by-step how I’ve done this at Madden PT for the past 10 years, in my Killer Marketing Training, only open to Private Practice PTs unfortunately, the enrollment period for the latest group of owners is closed as of this writing… we’ll be opening another Direct Access Marketing Course later this year).
***As an aside, by far your greatest Return on Marketing Investment (ROI) should come from your marketing efforts to your past patient base…NOT the unwashed masses of the general public. Write this down…and reread it until it’s etched into your subconscious business mind.***
Well you have quite a few options when choosing how to stay in touch with your past patients…
If you’ve been following my blog, you know by now I’m a huge fan of Direct Response Marketers, especially Dan Kennedy.
For years, Dan taught a concept called “Market-Message-Media” match…meaning for your marketing to work, you need to match the right market with the right message using the right media.
So for our past patients and considering “Media”, here’s a few options:
You get the point…
So, which “Media” is most used by your past patients AND are they most likely to respond to?
(That’s what I would use, and what I share in the Killer Marketing Training).
On the negative side I dropped my Twitter efforts years ago, because my Target Market is not using Twitter.
Again, due to the limits of space and time, I’m going to touch on this briefly…
I can tell you what your message should NOT consist of, at least from experience.
100% PT Jargon-filled, condition-related advice…
Recently in a bulletin we sent out to our past Patient List (a touch over 7,000 people), we did a cover story on the 3 Mini Donkeys we have on our farm…and the story of how one ends up with 3 Mini Donkeys: Haley, MoonBeam and Peppermint Patty (who is expecting in August, so make that 4 Mini Donkeys).
A little quirky…
A bit different…
BUT Crazy effective at building long term relationships with past patients (aka customers) who already know, like and trust us…
And WAY outside of the box of typical “marketing” you’d get from your PT.
At this point, it’s in your court…
Are you going to continue to rely on physician referrals 100% to grow your practice?
Even though you KNOW they’re being bought up by the local hospital system…or may be opening their own POPTS clinic in the future?
Or are you going to start working your past patient list?
Warming it up?
And eventually seeing them after their TKR, for your PT, even when the orthopedic surgeon says he wants them to go to the PT in his basement because they “communicate better” (even though we really know it’s because the ortho owns that clinic)?
So what’s it going to be?
If you’ve been following the full Patient Funnel…then you know we’ve covered 5 Steps so far:
Next time, I’ll be covering “Referrals”, and how we just hit a Highest Ever for New Patients referred by other patients in one week: 14. (That’s for one clinic.)
That will be my last blog covering the Patient Funnel…
Do you have something you’d like to read about regarding Private Practice PT Marketing? Hit the “Like” button and leave a suggestion below…
Also, as I mentioned earlier, my Killer Marketing Training Enrollment is closed as of this writing, and won’t open again for likely another 6 months.
BUT in the mean time, I do have a few tools I can share with you IF you’re a Private Practice PT or Private Practice Owner.
I put together a “Fix Your Funnel” package which includes:
Go here to check out the offer:
I’ll leave it up at least through the next month.
Hope this helps you,