How To Set Revenue Goals

Medical Practice Growth with Justin & Luke

Is your practice earning what you would like it to each month? If not, do you have a goal set in place for monthly revenue? Your practice’s revenue goal is probably the most important thing you set at the beginning of each period. Your goals should be specific, measurable, attainable, relevant, and time-based. In other words, it must be a “S.M.A.R.T.” Goal. From here, you are able to identify how many consultations or procedures you would need to do each month to reach your goal. You can also forecast how many new or existing patients you need to bring in. Once you have identified your goal, communicate it with your team. Leverage their skills to help you analyze and strategize on ways you can secure those patients.