Implementing and Adapting Your Financial Plans
The goals and expectations you set for your practice can change from year to year, or even month to month. No matter how they change, having a solid financial plan and utilizing resources to help you stick to it can ensure you’re always working towards success. This month, we spoke to the team at Peninsula Hearing about just how important it is to commit to a plan, and how they use CQ Partners to adapt when needs change.
“Keeping us accountable and following through on the ideas that we have is a big piece of the puzzle that usually leads to a financial boom. It’s a great help to the team to keep them focused on what we’re there for – to help the patients.”
Q&A with Megan Nightingale, Au.D., Chief Audiologist and Matt Clifton, Director of Operations of Peninsula Hearing
Practice: Peninsula Hearing
Locations: Poulsbo and Port Townsend, WA
Number of locations: 2
This year was a more tumultuous year because of providers leaving or going out on maternity leave around the same time as one another. It really punched a hole in our summer. We didn’t have much time to try to find a provider to replace the one that left in the spring. With the help of the recruiting team on CQ, we were able to find the people that we had interviewed a couple of years ago and we found someone who was really excited to join our team.
Coincidentally, we found someone who was up in our other area, which is very hard to recruit for, that wanted to come on as well. So, now we have a team which we weren’t necessarily financially planning for, but it’s a happy circumstance. Now we have a different situation where we went from no capacity whatsoever to much more capacity. We’ve had to change our mindset, and now the focus of what we’ve implemented this year has really been on a recruiting plan and strong onboarding and training.
Keeping us accountable and following through on the ideas that we have is a big piece of the puzzle that usually leads to a financial boom. It’s a great help to the team to keep them focused on what we’re there for – to help the patients.