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Best Practice: Don’t Get In Over Your Head with Overhead

Posted by Wellevate Best Practice

Most of us are drawn to integrative medicine because we’re so passionate about clinical medicine; but as we’re applying to school and our programs, we may not realize that we’ll be running a business as well.

We asked practitioners what advice they’d share to those newer clinicians building a practice, and the overwhelming response was “overhead.”

Why is it important to be careful about overhead?

Dr. Jaclyn Chasse, VP Emerson Ecologics / Wellevate, and Naturopathic Doctor
Lisa Murray, Licensed Dietitian, Herbalist, Emerson Ecologics / Wellevate

Whether you’re starting out or you have a mature practice, your overhead costs are an important number when looking at the health of your practice. Too much overhead and you risk falling into the red in slower months. Too little overhead and you may not be investing enough in your practice when the time is right. Ultimately, your overhead directly impacts your profit, meaning that every dollar spent on overhead (rent, staff, etc.) is another dollar you don’t take home to your family.

Balancing big dreams with a practical budget can keep you on track to helping more and more patients for years to come.

In this discussion, we’ll touch on some key suggestions including:

  • Keep Rent Low
  • Start Simply
  • Don’t Rush your Front Office
  • Select Software Scalably
  • Balance your In-Office Dispensary with an Online Dispensary
  • Practical Telemedicine for Functional Medicine

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The Best Practices of the Best Practices

Join us every other week for the Best Practice for building YOUR best practice. With discussions from successful practitioners, experts, and peers, we explore how to build and maintain the healthy practices that let practitioners focus on their passion, patients, and strengths.

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About Wellevate

Wellevate is powered by Emerson Ecologics, the largest and most trusted distributor of professional grade vitamins and supplements in North America. Our partnerships with more than 300 brands allow you to offer over 20,000 products: from daily supplements and vitamins to seasonal skincare and organic snacks. With Wellevate and Emerson, you can build a supplemental online catalog as large—or as focused—as your practice needs.

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