Ongoing Strategy

Helping you make the best decision

Ongoing Strategy

Helping you make the best decision

OK. You’ve bought a practice, you’re the principal, you’re running the show. It’s time to hit your targets and stay on track. The trouble is principals everywhere are subsidising their businesses by not paying themselves a market rate or undercharging the business on rent. This won’t help you in the long run. You need an accurate picture of how your business is performing.

How it works

Our ongoing strategy support involves diagnostics, where we isolate problems and opportunities, and Hive Intelligence. We put the right business performance data in your hands and offer commentary on it to help you make strategic decisions.

Do you have a reliable ops manager? Without one you won’t be able to free yourself up to lead the business properly. We can help you find one.

Do you have the time and space for boardroom-level thinking? We’ll embed this discipline by working with you through our shadow board service.

Our ongoing strategy support involves diagnostics, where we isolate problems and opportunities, and Hive Intelligence. We put the right business performance data in your hands and offer commentary on it to help you make strategic decisions.

Do you have a reliable ops manager? Without one you won’t be able to free yourself up to lead the business properly. We can help you find one.

Do you have the time and space for boardroom-level thinking? We’ll embed this discipline by working with you through our shadow board service.

Our INSIGHT

“If you’re a principal, here’s what you should do:

1. Pay yourself as an associate, so if you are generating, say, half of your practice’s £60k monthly revenue, pay yourself the standard associate rate on it (even if it’s more than what you usually pay yourself)

2. Call a meeting of all clinicians when a monthly revenue target is missed and establish the cause in the open

3. Factor in average daily/ weekly/ monthly yield targets as a key part of your clinician recruitment policy, with persistent failure to reach targets a clear aspect of your terms of employment”

Ross Martin, Director at Hive Business.

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