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FYZICAL Blog

2 min read

How ENTs Can Create Passive Income

Jun 26, 2018 8:25:00 AM

Passive income is income resulting from cash flow on a regular basis, and only requires minimal effort by the owner to maintain it. Did you know you can create passive income streams in your practice that will give you more freedom of time and financial security for the future?

Passive income requires ambition and drive, but the opportunities are endless when it comes to creating a better future for yourself and your family. If you’re a mature practitioner or perhaps feeling unsatisfied in your career, there is a way to rejuvenate your career!

There are a million ways to create passive income in your business. You just need to focus on taking advantage of the right ancillary in otolaryngology to create the most passive income and complement your existing business.

Add the RIGHT Ancillary

You might be surprised to hear that balance therapy is the most profitable ancillary for otolaryngologists all over the country.

Many ENTs don’t enjoy treating balance and vestibular patients because for so long there hasn’t been a solution for these patients. These patients are bounced around and end up in your practice, and often you don’t have the adequate equipment or training to help them

However, there is a balance program changing this scenario completely for ENTs. You already have exactly what you need to implement a successful balance program in your practice: a steady flow of patients in need and administrative support. If you hire a physical therapist, you’ll then be able to refer balance and vestibular patients directly to the therapist in your practice and oversee your patients’ care.

This premier balance program for ENTs also gives you the tools and training necessary to master the “business” of balance. This includes a proven business model, marketing strategies, financial reporting, operations and more.

Adding a balance center to your practice will generate passive and ancillary income to your business because your center will be overflowing with balance and vestibular patients – generating revenue even when you’re on vacation.

With this new ancillary service in your ENT practice, you’ll be able to provide better care and diversify your business. The added growth may help you reach goals of acquiring another practice, opening a new location, hiring more physician employees, or simply a wealthy exit strategy.

The goal of passive income should be to ensure a more fulfilling future. Whether you’re 25 years from retirement or 5 years from retirement, you will benefit tremendously from adding balance to your practice.

To learn more about the #1 balance program and determine if this is the right passive income stream for your business, schedule a call with a FYZICAL advisor by clicking the button below.

Schedule a Call

FYZICAL
Written by FYZICAL

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