Guest guest Posted December 18, 2006 Report Share Posted December 18, 2006 At the risk of being flamed (based on past experience) I would like to point out that there seems to be a propensity towards eschewing many of the principles of capitalism within the acupuncture profession. Marketing is apparently anathema here, although it works well with many other alternative professions. Seeking to control clients is abhorrent to many on this list, even though if you analyzed what happens in successful interactions with you and your patients you would find that you indeed exercised control with the cases that worked and failed to exercise control over many that did not. Client control is a legitimate and accepted topic of conversation in the fields of finance, accounting, medicine, law and chiropractic. Not so here. Efficiency in delivery of care is another issue that seems heretical to discuss. People who can afford to pay cash for things they want (acupuncture or massage or personal training) which are not covered by health insurance are the self same people who usually do not have 90 minutes twice a week to be at a doctor's office. You actually can deliver a routine treatment in 15 minutes if you have help, the facilities and a good algorithm for patient care. Does it take a little longer for the patient? Absolutely. That's where the doctor's self interest comes in. I notice that many people here are trying to deliver healthcare to people who cannot afford it. I would suggest that if at all possible you find a location that has a large population of affluent people and tithe from your successful (gross over 250K per year) practice. Don't martyr yourself. You will do more good as a wealthy individual who gives to charities than you will as a starving artist. I have spoken to people form this group both off and on the list for several years. There are not even a handful who dare to apply standard, sound practices to their businesses in order to make the profitable. Further, many are convinced that anyone who is actually successful and wealthy from the healthcare industry must be a crook. That attitude is too provincial for words. My experience in health care has a base in chiropractic, although acupuncture and herbal remedies eventually constituted 65% of my practice. Nevertheless, since acupuncture has a much broader scope of practice the opportunity for increased revenue should be at least proportionately greater, if not geometrically. I am a great believer in capitalism. If your practice (in the broader sense of the word, to include any business) cannot prove itself in such a way as to add enough benefit to the providers or owners as well as to the consumers or patients, then it will and should go by the wayside. With all that said, there are any number of courses you can take, even on the Internet, that would allow savvy individuals to figure out how to market, direct and make money from this great talent that you all have, given the training available today. Carpe Aurum. Guy Porter Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 19, 2006 Report Share Posted December 19, 2006 Mr. Porter can you tell us where you practice? I find your ideas provocative yet I have no idea where you are licensed or practicing. Thanks, Doug the Moderator , DrGRPorter wrote: > > At the risk of being flamed (based on past experience) I would like to point > out that there seems to be a propensity towards eschewing many of the > principles of capitalism within the acupuncture profession. > > Marketing is apparently anathema here, although it works well with many > other alternative professions. > > Seeking to control clients is abhorrent to many on this list, even though if > you analyzed what happens in successful interactions with you and your > patients you would find that you indeed exercised control with the cases that > worked and failed to exercise control over many that did not. Client control is > a legitimate and accepted topic of conversation in the fields of finance, > accounting, medicine, law and chiropractic. Not so here. > > Efficiency in delivery of care is another issue that seems heretical to > discuss. People who can afford to pay cash for things they want (acupuncture or > massage or personal training) which are not covered by health insurance are the > self same people who usually do not have 90 minutes twice a week to be at a > doctor's office. You actually can deliver a routine treatment in 15 minutes > if you have help, the facilities and a good algorithm for patient care. Does > it take a little longer for the patient? Absolutely. That's where the > doctor's self interest comes in. > > I notice that many people here are trying to deliver healthcare to people > who cannot afford it. I would suggest that if at all possible you find a > location that has a large population of affluent people and tithe from your > successful (gross over 250K per year) practice. Don't martyr yourself. You will do > more good as a wealthy individual who gives to charities than you will as a > starving artist. > > I have spoken to people form this group both off and on the list for several > years. There are not even a handful who dare to apply standard, sound > practices to their businesses in order to make the profitable. Further, many are > convinced that anyone who is actually successful and wealthy from the > healthcare industry must be a crook. That attitude is too provincial for words. > > My experience in health care has a base in chiropractic, although > acupuncture and herbal remedies eventually constituted 65% of my practice. > Nevertheless, since acupuncture has a much broader scope of practice the opportunity for > increased revenue should be at least proportionately greater, if not > geometrically. > > I am a great believer in capitalism. If your practice (in the broader sense > of the word, to include any business) cannot prove itself in such a way as to > add enough benefit to the providers or owners as well as to the consumers or > patients, then it will and should go by the wayside. > > With all that said, there are any number of courses you can take, even on > the Internet, that would allow savvy individuals to figure out how to market, > direct and make money from this great talent that you all have, given the > training available today. > > Carpe Aurum. > > Guy Porter > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 20, 2006 Report Share Posted December 20, 2006 Dear Doug: I don't often talk about myself, but do so at your express request. I practiced for 18 years in St. Louis, MO. I have a DC degree and somewhat over 1,200 hours in CM courses. My library includes about several shelves of well worn CM books as well. My undergraduate degree is in neurobiology and philosophy from Washington University in St. Louis. I taught clinical biomechanics, research methodologies and was Logan College's first Director of Clinical Research. I spent three years doing acupuncture in a psychiatric outpatient facility, as well as various adventures into hospitals in the St. Louis area well before acupuncture was accepted as much as it is. My private practice saw 50 - 100 patient visits per week. At times I marketed my practice as catering to " chronic and difficult cases, " " optimal health, " and " Head and Facial Pain. " The latter was the most profitable, the first was the most spiritual. I sold herbs, supplements and various other health care devices from my practice. I made sure that I gave away at least 10K of services per year to people who would not otherwise afford them. In 2001, I was stricken by a combination of psoriatic arthritis and gout and I am no longer able to use my hands. I have been available as a marketing consultant to a few doctors, but now I make my living in the field of finance. In the almost six years it took to get a correct diagnosis for my problem, I have seen over 30 different physicians of all stripes. I have been to many offices where I was depersonalized, treated like a piece of meat and billed about $1,000 per hour for the ten minutes of time I spent with the physician who ignored my most pressing symptoms and told me to lose weight and take NSAID's. For the value of what is delivered, most of the people on this list should definitely be making an annual gross of 250K per year. The alternative to CM is often times very ineffective. On the other hand, the medicine that saved my life (figuratively) costs $1750 per month and is worth every penny. I would not like to see pharmaceutical companies hindered or penalized for their profits when it takes literally billions of dollars to develop the type of medicines they have been making in the last 30 years. I don't think that anything I said in my part of this discussion was disrespectful, unfounded or any other adjective which would justify your holding it for review for several days. I look forward to being allowed into the discussion just like everyone else is. Guy Porter PS You're welcome to call me Guy. If you want to be formal, you should address me as " Dr. " Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 20, 2006 Report Share Posted December 20, 2006 Guy et al., According to my wife, Honora Wolfe, so many of her students feel that making money by providing health care is somehow tainted that she actually has to teach a module on assessing and potentially correcting one's deepest assumptions about money and success. (I would call these " assumptions " neuroses or hang-ups.) Money is simply a form of qi and, as such, is neither good or bad in and of itself. It's how you make and use it that endows it with value, including moral value. Honora would also agree that many of her students think of capitalism as something negative and are adverse to the concept of business in general. I think she would say that it is exactly these students who are least likely to succeed long-term. I agree with you that there is no reason whatsoever for someone to be unable to a make a good living doing this medicine as long as they are willing to do what it takes to be successful and have the right business plan. By " doing what it takes, " I do not mean anything unethical or even dubiously ethical. What I mean is taking one's services where they are needed, putting in the hours necessary (possibly evenings and weekends), taking the financial risk of opening a professional clinic, and doing or hiring someone else to do all the peripheral things necessary to run a successful business. I agree with you that many of the people who complain about not being able to make a financial go of this medicine are using an unworkable business plan (whether consciously or unconsciously). For instance, IMHO, if it takes more than 15 minutes to make a CM pattern discrimination on a new patient, that is going to make it difficult to make a living doing this medicine. (I routinely teach this skill, both live and through Distance Learning.) Further, all the advice-giving about diet, lifestyle, stress, etc. should be automated in some way, such as by computerized print-outs, use of books sold for a profit, the selling or " renting " of " tapes " (audio or DVD), or counseling given by a trained employee who only makes a fraction of what you (should) make per hour. As for time-efficient acupuncture protocols, look at Golden Needle Wang Le-ting or Miriam Lee. Wang Le-ting literally treated 50 or more patients per day. At $20 per patient, are you gonna say you couldn't live on that? By the way, he was called Golden Needle because his treatments were so clinically effective. Lastly, " if you keep doing what you're doing, you'll keep getting what you're getting. " Bob Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 20, 2006 Report Share Posted December 20, 2006 Bob et al, I fully agree with you that money is neither good nor bad, but that the moral value behind it comes from how we make and use it. I remember a story that my teacher Anni kelsang Delek used to say at the Tibetan Dharma centre where I lived for close to three years. She told us of a layman Buddhist pracitioner who realized the value of spreading the dharma, so that others may gain benifit. This layman was very good in business and so decided to use his gift in making money for the benifit of others, in fact every time he amounted a certain sized fortune he would have a temple built with his resources. He would then go back to amounting fortune again and then have another temple built and so on. Anni Kelsang Delek always stressed the importance of remaining natural in the world, but changing our mind, ie. it is the intention behind what we do that makes the difference. Anyways I indebted especially to you, Bob, for all your dedicated work of trying to turn out good Chinese Medical practitioners. Your efforts over the years have influenced me and many others greatly. To me you have set a good example of some one who has dedicated their life to a cause that many have benifited from and through that pursuit has been able to raise a family. Such a good balance. Obviously your intentions have been good. Cheers, Trevor , " Bob Flaws " <pemachophel2001 wrote: > > Guy et al., > > According to my wife, Honora Wolfe, so many of her students feel that > making money by providing health care is somehow tainted that she > actually has to teach a module on assessing and potentially correcting > one's deepest assumptions about money and success. (I would call these > " assumptions " neuroses or hang-ups.) Money is simply a form of qi and, > as such, is neither good or bad in and of itself. It's how you make > and use it that endows it with value, including moral value. > > Honora would also agree that many of her students think of capitalism > as something negative and are adverse to the concept of business in > general. I think she would say that it is exactly these students who > are least likely to succeed long-term. I agree with you that there is > no reason whatsoever for someone to be unable to a make a good living > doing this medicine as long as they are willing to do what it takes to > be successful and have the right business plan. By " doing what it > takes, " I do not mean anything unethical or even dubiously ethical. > What I mean is taking one's services where they are needed, putting in > the hours necessary (possibly evenings and weekends), taking the > financial risk of opening a professional clinic, and doing or hiring > someone else to do all the peripheral things necessary to run a > successful business. > > I agree with you that many of the people who complain about not being > able to make a financial go of this medicine are using an unworkable > business plan (whether consciously or unconsciously). For instance, > IMHO, if it takes more than 15 minutes to make a CM pattern > discrimination on a new patient, that is going to make it difficult to > make a living doing this medicine. (I routinely teach this skill, both > live and through Distance Learning.) Further, all the advice-giving > about diet, lifestyle, stress, etc. should be automated in some way, > such as by computerized print-outs, use of books sold for a profit, > the selling or " renting " of " tapes " (audio or DVD), or counseling > given by a trained employee who only makes a fraction of what you > (should) make per hour. As for time-efficient acupuncture protocols, > look at Golden Needle Wang Le-ting or Miriam Lee. Wang Le-ting > literally treated 50 or more patients per day. At $20 per patient, are > you gonna say you couldn't live on that? By the way, he was called > Golden Needle because his treatments were so clinically effective. > > Lastly, " if you keep doing what you're doing, you'll keep getting what > you're getting. " > > Bob > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 20, 2006 Report Share Posted December 20, 2006 Guy, I'm sorry that I indeed hold your post so I could ponder it a little. There was something about it that struck me as odd and the fact that your presence on the web otherwise is minimal. Now that I see your history and background I understand more as to my response. Now that I see your letter I am re-assured there was no need for concern. I apologize and this correspondence was probably best done off list but here we are. Now to my disagreements! :-) What struck me odd in your post was that your approach was so different from the experience of most practitioners I see. I do disagree with not just you but many others that believe a chiropractic model can be applied to the acupuncture business. I haven't figured out why but I just don't see it working successfully for us. One issue is the degree of specialization. I think you would agree that people visiting chiropractors have specific needs in terms of musco-skeletal or views of the use of supplements. You found head and facial pain to be successful for you at many levels. I do believe that some degree of specialization is needed for a successful practice. The fact is that our schools are so generalized that it takes many years once out of school to find what that is. For the most part we have a Chinese model without the post-graduate job placement that they had up until the recent past. I'm going to segue into Bob's post about business since it seems relevant. 1- taking one's services where they are needed, 2- putting in the hours necessary 3- taking the financial risk of opening a professional clinic 4-someone else to do all the peripheral things necessary to run a successful business. The first might include what Bill has written about, the second I can also see as " hanging in there, it may not happen overnight, don't expect your patients from your student clinic to come see you. The third and fourth I don't know about. I would say that one should practice in your chosen location before opening your own clinic. I've seen plenty of just graduated who have taken on big financial committments before establishing a base. Begin by working in a place where there is alot of traffic. I would say keep a low overhead until you have everything in place including more patients than you can handle who will see you personally at a new location. I'm a firm believer in communism. And by that I mean serving the community you are in. When you market, you market for the person who is going to refer you more patients. Marketing one patient at a time is a waste of time. Market to people have access and influence over a number of people. The obvious choice is doctors but it can be persons in a church or a business. But the problem is you often don't know who that person is going to be. It's like the dictum of praying on the last day of your life... you just can't predict when it's going to be. The best referrals have come from people who unbeknowest to me are influential in their own big or little groups. If you look like a punk or a cheerleader or a hippie (like me) your patients are only going to refer their friends, associates, family, bosses who think that they can deal with your image. I can accept that. Conversly if you maintain a sharp doctoral effeciency you may get more but turn off some. I've talked to some former students who dress very badly and treat basically out of their bedrooms. That's fine for a few of their friends but who is going to refer their boss or mother to that kind of situation? I've also seen practitioners who have professional offices that turn people off. They say about them: this guy is a businessman not a healer. All scenerios are pretty extreme but we are all somewhere on that line. What I don't think new practitioners realize is that patients just come just because they were number one in their class or has a great bedside manner or that the practitioner feels him or herself to have an enlightened consciousness. Similarily I don't expect patients to see me just because I'm good at this or that. You are going to have to let people know that (and suffer the consequences if you aren't). Despite having alot to say about all this I'm one of those who are kind of disinterested in the money issue. I feel lucky to have what I have. I can't complain... although I do. I guess I'm saying this on a good day... more about that later. doug , DrGRPorter wrote: > > Dear Doug: > > I don't often talk about myself, but do so at your express request. > > I practiced for 18 years in St. Louis, MO. I have a DC degree and somewhat > over 1,200 hours in CM courses. My library includes about several shelves of > well worn CM books as well. My undergraduate degree is in neurobiology and > philosophy from Washington University in St. Louis. > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 20, 2006 Report Share Posted December 20, 2006 OK I am just about to graduate (should be studying for finals) and wanted to chime in here. This is going to be free flow and I am dyslexic so forgive any errors. I and my patients know that I will be very successful. What I have patients? Yes I started treating in the student clinic in January 2004 almost 3 years ago. I am often booked 6-8 weeks in advance even in the semesters that I see 15 patients a week. Are they the same people? No because I tend to be booked. I should say that I come from a sales back ground and am a capitalist. Sales is relationship building. Even a doctor has to sell a patient on taking their medication or getting a surgery. I always recommend the book “Points for profit” to the new students and tell them to buy it their first year, read it again their second year and then again during their third year. For myself, the book “Points for profit” has a lot of “Duh!!!” stuff in it but then again my background is the reason why. Sales is also education. Educate the people you meet about you what you are doing and what acupuncture is about. I am a Honora Wolf and Bob Flaws fanboi even though they do not know me (please forgive me if spelled you name incorrectly). Take every opportunity to market yourself and you are doing. Location is king? Heck no. I have no doubt that I could start a clinic next to the most famous TCM practitioner in any town and make a lot of money. Why? It is about networking and educating, which is also sales. Having said that, when I graduate I am moving to an area that has 1.8 million people and only 5-7 acupuncturists most of whom do not do herbs. I already have people talking about me and waiting for me to set up shop. There is a high end hair salon that has 2 rooms they want me to start my practice in. How was I able to achieve this? Networking (once again I refer you to “points for profit” or Honora Wolf ). The next part is to disclose my dirty little secrets, which are re! ally not secret. I have to pay my students loans oh no I can not survive! BS, there is a thing called deferment. You can put a school loan into eternal deferment. I would recommend that you at least pay the interest. However, having said that you do not have to start paying your loans after graduation just tell them you are having troubles and can not afford to pay. I had a $2,000 school loan I deferred for over 10 years and a few of those years my household was making far more than 100k a year. They do not ask you how much you make. Leverage other peoples money and assets. When I start out like I said I found a place that is going to pay for overhead and is already a business. I forgot to mention the person who owns the place is going to have an open house where he invites all of his clients and the people who are interested in me doing TCM. The best part, the owner is going to pay for the open house. (The financial advisor in me is coming out… a house is not an investment you do not own it and it does not give you income. Miss three payments and it will be taken from you. It is not liquid and if you need to sell the market may be down. Do not buy a house to work out of!!!!!) Have a specialty? Yes I am specializing in women’s health care, fertility issues in particular. Have I received a “certificate” in this area? No why do I need to. This is the area I am interested in and have been studying it on my own. In addition, I have learned facial acupuncture. Why? My patients in the student clinic requested it so I took a course. If I add only 2 new facial acupuncture patients a month it will add around $56,000 a year to my income per year. What if my patients can not afford treatments over time? There are many companies that will give your patients a credit card that can only be used at your location. The plus side is you do not have to worry about collections, for that is between the loan company and the patient leaving you out of the equation. Ok I have to stop this now before I give away my best kept secrets. I will stop by saying this. Although I give kudos to those that want to give cheap treatments to those in need, I will do far more good for those in need by making money so that I can afford to do good rather than worrying about keeping a roof over my head. Michael Slayton, AOMA student body president Sorry about the formatting couldnt get it right. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 21, 2006 Report Share Posted December 21, 2006 Thanks for the good words Trevor. Sincerely, Bob , " Trevor Erikson " <trevor_erikson wrote: > > Bob et al, > > I fully agree with you that money is neither good nor bad, but that the moral value behind > it comes from how we make and use it. > > I remember a story that my teacher Anni kelsang Delek used to say at the Tibetan > Dharma centre where I lived for close to three years. She told us of a layman Buddhist > pracitioner who realized the value of spreading the dharma, so that others may gain > benifit. This layman was very good in business and so decided to use his gift in making > money for the benifit of others, in fact every time he amounted a certain sized fortune he > would have a temple built with his resources. He would then go back to amounting > fortune again and then have another temple built and so on. Anni Kelsang Delek always > stressed the importance of remaining natural in the world, but changing our mind, ie. it is > the intention behind what we do that makes the difference. > > Anyways I indebted especially to you, Bob, for all your dedicated work of trying to turn > out good Chinese Medical practitioners. Your efforts over the years have influenced me > and many others greatly. To me you have set a good example of some one who has > dedicated their life to a cause that many have benifited from and through that pursuit has > been able to raise a family. Such a good balance. Obviously your intentions have been > good. > > Cheers, > Trevor > > , " Bob Flaws " <pemachophel2001@> > wrote: > > > > Guy et al., > > > > According to my wife, Honora Wolfe, so many of her students feel that > > making money by providing health care is somehow tainted that she > > actually has to teach a module on assessing and potentially correcting > > one's deepest assumptions about money and success. (I would call these > > " assumptions " neuroses or hang-ups.) Money is simply a form of qi and, > > as such, is neither good or bad in and of itself. It's how you make > > and use it that endows it with value, including moral value. > > > > Honora would also agree that many of her students think of capitalism > > as something negative and are adverse to the concept of business in > > general. I think she would say that it is exactly these students who > > are least likely to succeed long-term. I agree with you that there is > > no reason whatsoever for someone to be unable to a make a good living > > doing this medicine as long as they are willing to do what it takes to > > be successful and have the right business plan. By " doing what it > > takes, " I do not mean anything unethical or even dubiously ethical. > > What I mean is taking one's services where they are needed, putting in > > the hours necessary (possibly evenings and weekends), taking the > > financial risk of opening a professional clinic, and doing or hiring > > someone else to do all the peripheral things necessary to run a > > successful business. > > > > I agree with you that many of the people who complain about not being > > able to make a financial go of this medicine are using an unworkable > > business plan (whether consciously or unconsciously). For instance, > > IMHO, if it takes more than 15 minutes to make a CM pattern > > discrimination on a new patient, that is going to make it difficult to > > make a living doing this medicine. (I routinely teach this skill, both > > live and through Distance Learning.) Further, all the advice-giving > > about diet, lifestyle, stress, etc. should be automated in some way, > > such as by computerized print-outs, use of books sold for a profit, > > the selling or " renting " of " tapes " (audio or DVD), or counseling > > given by a trained employee who only makes a fraction of what you > > (should) make per hour. As for time-efficient acupuncture protocols, > > look at Golden Needle Wang Le-ting or Miriam Lee. Wang Le-ting > > literally treated 50 or more patients per day. At $20 per patient, are > > you gonna say you couldn't live on that? By the way, he was called > > Golden Needle because his treatments were so clinically effective. > > > > Lastly, " if you keep doing what you're doing, you'll keep getting what > > you're getting. " > > > > Bob > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 21, 2006 Report Share Posted December 21, 2006 Every now and then I have the urge to add my two cents. The most useful thought I have is a critique of the practice-management courses in the schools. I graduated in 1995 and I stopped teaching (not practice management)about 3 years ago. Upon entering school I had the reasonable expectation of having a taxable income (after paying the employers' side of workman's compensation and social security) of $100,000 or more. If I have to work 70+ hours a week at a job that demands an expensive education, constantly high creativity and precise work with high liability, I deserve it. My practice management course consisted of two items. 1) A lesson on how to properly fill out a Dome Expense Record and a One-Write receipt system. 2) Being told that the most important element of building a practice is networking. I paid somewhere around $500 in tuition for those kernels of wisdom. And to my eye, things hadn't changed much by the time I taught except that one of those schools had the grace to expand the bookkeeping lessons so the lack of useful content was much less discernible. Things I would put in a practice-mangement course: -At least one class period on supply/demand theory with assigned 10 page paper on how it manifests in health care. -The basics of researching a market. -The basics of branding and packaging service businesses. -An introduction to demographics, pyschographics and their interpretation. -Competitive strategies -How to judge the effectivenes of your individual marketing techniques. -The 50/30/20 rule. 50% of your time is billable, 30% of your time you spend on marketing, 20% of your time you spend on bookkeeping/collateral contact/sweeping the floor. -Two thoughts from a wealthy relative. -If they won't put it writing they aren't going to do it. -Never make a deal you can't be a little ashamed of. -THIS MEDICINE IS A TREASURE. ITS EASILY WORTH $90 - $125 PER HOUR. TAKE A LOT OF PRIDE IN IT AND DEMAND THAT OTHERS RESPECT IT TOO. Another course I would require: A survey of general business law. My first disillusionment after graduation was that I was going to acquire a degree in business the hard way. There was no way around it. " Damn it Jim! I'm a clinician, not a marketer! " Dr. McCoy, USS Enterprise Joe Quote Link to comment Share on other sites More sharing options...
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