Ep. 99: The New Patient Management Action Checklist

 

Marketing can be expensive, and the costs only rise over time, so it’s always a good idea to focus on maximizing the results of your marketing as much as possible. That means both having the right strategy for external marketing and streamlining your internal processes. So in this episode, Jeff outlines the step-by-step checklist we give our clients to ensure they are getting the most out of the new patient acquisition and retention efforts.

Links:

Download the checklist here - https://www.mgeonline.com/new-patient-management-checklist-download

The MGE New Patient Workshop - https://www.newpatients.net

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Questions From This Episode

Why does new patient acquisition need one person clearly responsible for it, rather than being everyone's job?

Because when everyone is told they're responsible for new patients, effectively nobody is. Asking a doctor or office manager directly who owns new patients often gets a vague I guess me, which isn't real accountability. Depending on practice size that might be a dedicated PR director, an office manager, or even a part time assistant, but one specific person needs to own the number.

What are the three numbers you need to track for each marketing channel to know if it's actually working?

Cost per call (how much you spent divided by how many calls came in), acquisition cost per new patient (how much you spent divided by how many patients actually scheduled), and return on investment, which factors in the realized revenue those new patients actually brought the practice over the following month to three months. Without all three, there's no reliable way to know which channels deserve more budget and which are quietly losing money.

Why is tracking ROI different from tracking acquisition cost, and why does it matter?

Acquisition cost tells you what a new patient cost to bring in, but not what that patient was actually worth. Ten thousand dollars spent on general marketing that only brings in cleaning patients can be a poor investment, while the same ten thousand spent on an implant-specific campaign that lands five large cases can return twenty times what was spent. Without measuring realized revenue against spend, a channel that looks expensive on paper might actually be the most profitable one running.

Why should reception areas avoid playing 24-hour news channels?

Because patients waiting to hear about a large treatment plan shouldn't be primed with anxiety-inducing headlines right beforehand. One client struggling to collect on treatment plans was found to have a 24-hour news channel running in the waiting room during a period of heavy economic anxiety, patients would sit through that, then get called back and told they needed eleven or twelve thousand dollars of work. Something neutral or genuinely educational serves the practice far better.

Why does every emergency patient need to be scheduled for a full new patient exam after their emergency treatment?

Because an emergency patient is a real, human new patient, not a throwaway visit, and treating them that way means losing most of the value in acquiring them in the first place. Once palliative care is complete, the doctor should tell the patient directly that a full exam is needed so a problem like this doesn't happen again, and get them scheduled before they leave, the same as with any consult or second opinion patient.

Episode Transcript

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Ep. 100: Q&A – PPOs, Teambuilding, and Raising Collections

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Ep. 98: The Cycle of Booms & Depressions