Goal Setting and Tracking for Hearing Clinics
Got Goals? You've Come to the Right Place!
Where do you see your practice in 5 years? We will help you get there! CQ Partners helps your hearing clinic reach its full potential by analyzing your business and financial health. Together, we determine short and long-term goals and develop a plan to reach them.
CQ’s Approach to Growth
CQ Partners has an experienced team with comprehensive resources to support you, your staff, and the growth of your practice. Our sales team includes individuals who have real-life experience owning, operating, and growing audiology, ENT, and hearing healthcare practices.
We have the discipline, knowledge, and tools that will help you reach your business goals—whether that means growing profits, expanding to a new location, training new staff, or moving onto retirement. Bottom line: We’re your growth partner.
Ask yourself:
What do you want to accomplish this year?
What do you want your practice to look like in 5 years?
When do you want to retire?
How much do you want to make?
How much do you want to grow sales?
How hard do you want to work?
We will help you uncover the answers to these questions and develop a roadmap to get there. Ready to see real growth?
Business and Financial Assessment
The First Step to Achieving Your Vision
At CQ Partners, we begin your membership with a business assessment and continue it on an annual basis. This is critical to understanding where your hearing healthcare practice currently stands and where you would like it to be. Together, we can:
- Fully understand your vision and business philosophy
- Determine the value of your audiology practice
- Build a plan for growth or retirement
- Find new areas of opportunity
- Set you up with reliable financial strategies now and in the future
Your Business Insights
In partnership with your Account Manager, our Sales Analytics team will provide the insights needed to set and achieve your business goals. Here are some of the areas we assess.
- Profit and Loss (P&L) Analysis: We assist with P&L set up, monthly review of financial trends, and analysis of key performance indicators (KPIs).
- Territory Analysis: Assessment of potential market share, market penetration, competitive landscape, and unit projection of your location(s).
- Pricing Analysis: We analyze your current pricing, product mix, payor mix, and breakeven point, and can help you create customized service plans and collateral.
- Practice Management Software Analysis: Get the most out of your practice management software by ensuring accurate tracking reports, patient lists, and QuickBooks integration.
- Exit and Acquisition Plans: Understand both the current and potential future value of your business – whether you’re working towards a growth plan, an exit strategy, or both.
- Need for Business Loans: Need funding for growth, acquisition, or expansion? We offer loans and business planning to maximize the return on your investment (ROI).
Ready to assess your business? Contact a CQ Partners Account Manager today!
Business Plan and Execution
What's your vision for your hearing clinic? Let's make it happen!
Your vision is our mission. Together, we will build your annual strategic action plan to set you up for success now and in the future. The best part? You have dedicated a team of experts bringing your plan to life. Here’s how it works:
1. The sales analytics team will begin by assessing your business
2. Your Account Manager will build your annual strategic action plan with you and set it in motion
3. Your Marketing Account Executive will help execute your marketing efforts
4. The recruiting team will assess your staffing needs
5. We will identify ideal training and development opportunities for you and your staff
Then we continually track and analyze your practice data to identify opportunities for improvement and monitor your progress along the way. Having milestones to reach helps keep everyone accountable and always moving forward with a purpose.
Got goals? Start your plan with CQ Partners today.
“We’re constantly using the Strategic Business Plan that CQ Partners created for us. It’s keeping us focused on what’s going on so that we’re planning ahead and being proactive instead of reactive.”
Cameron Mills, Director of Operations & Hearing Instrument Specialist, Dr. Woods Hearing Center
Benchmarking and KPIs
Good Decisions Come from Accurate Information
Key Performance Indicators (or KPIs) are important to your business because they provide an honest measure of your performance and keep your goals at the forefront of decision making. At CQ Partners, we provide you with an annual review of financial and behavioral KPIs, including:
- Financial stability
- Year-over-year performance
- Run rate to forecast for current year
- No-show rate
- Third party rate
- Direct pay rate
- Aidable loss rate
- Closure rate
- Return rate
- ASP
Tracking both behavioral and financial KPIs allows us to see where your business may need further development or tracking assistance to ensure future growth. Our Sales Analytics team also provides any financial trends and outlier insights to industry standards. Your Account Manager will meet with you on a regular basis to review your KPIs and execute your plan to improve them.
Do you have a strategy for measuring KPIs at your practice? Get started with CQ Partners!