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What's the payback to a practice? Concept - invest on the front end The biggest costs in neurofeedback are in training and in the time you see patients. Our experience: Spend more on training, equipment, etc, on the front end for the fastest payback. Being productive with patients is the payback - many times over. If it takes you six months longer to be really productive (and we've seen it many times take 12 months), it costs you a lot. Remember, one patient is going to bill two to four thousand dollars, depending on your situation. Seeing patients even one month sooner matters. The more competent and confident a clinician is, the faster he can add patients. Being successful with patients makes for a successful practice. The faster you are successful, the more demand for neurofeedback. So your goal is to be good at neurofeedback faster. You need some assumptions. Lets say the average patient comes for 35 sessions total (some will come more, some less), and it costs x dollars per patient. Are you doing the work yourself? How do you assign "cost" to your time? Include the intake which is longer and usually costs more. Are you adding patient hours or is this simply replacing hours that you already have filled with other appointments? Will you be able to get help (technicians) and if so, how soon, and who works out best? Computing the numbers It's very helpful to do a cash projection by month. Neurofeedback Solutions has a spreadsheet model that can help compute cash projections for a practice. The model is customized per client, because each practice is unique and has its own parameters. Contact us if we can help. |
