Attaining Practice Freedom: The Power of Strategic Goal Setting

Attaining Practice Freedom: The Power of Strategic Goal Setting

By Mark Henderson Leary |
December 21, 2023

In every industry, strategic goal-setting is the key to success. It provides a clear path and establishes the milestones that mark your progress. In healthcare private practice, goal setting becomes even more crucial. By defining attainable, relevant, and time-bound goals, practitioners can transform their predictions into reality and unlock their practice freedom.


Setting Goals for Practice Freedom: Harnessing the Power of 90-Day Goals

In the fast-paced world of healthcare, the landscape is ever-changing. Long-term goal setting may seem impractical. The secret to keeping pace with this dynamic environment is to focus on short-term goals, specifically 90-day goals, referred to as "rocks." 


The idea behind setting 90-day goals is to create SMART objectives - specific, measurable, attainable, relevant, and time-bound. It forces you to break down your long-term vision into manageable tasks, making it more achievable. For example, you could set a goal to increase your practice's patient satisfaction score by a certain percentage within the next 90 days. This goal is specific (improving patient satisfaction), measurable (by a certain percentage), attainable and relevant (based on your practice's current performance and capabilities), and time-bound (to be achieved within 90 days).


The Importance of Realistic Goal Setting and Accurate Predictions

While setting ambitious goals may seem like a good idea, it can harm your team's morale if they're not attainable. Realistic goal setting, therefore, is vital for maintaining a positive and productive work environment. This means focusing on goals your practice can reasonably achieve within the given timeframe. 


Moreover, accurate prediction skills are essential in realistic goal setting. They allow you to determine whether your goals are feasible and what resources you need to accomplish them. By evaluating the gap between your forecasts and actual outcomes, you can gain valuable insights into your prediction accuracy, which can help you set more realistic goals in the future.


Case Studies of Attainable Goals: Planning Ahead for Success

Let's look at some examples of attainable goals. Suppose your practice is planning to participate in an upcoming conference. A SMART goal could be to finalize the list of attendees and prepare the presentation materials two months before the event. This goal ensures you have ample time to make necessary preparations, thus avoiding last-minute hassles.


Another example could be planning thoughtful client gifts. Start planning ahead instead of waiting for the holiday season to rush through gift selections. A 90-day goal could be to finalize the gift list and place orders within the next month, ensuring timely delivery and personalized touches.


Strategic goal setting is a powerful tool that can liberate your practice from uncertainty and stagnation. You can effectively transform your practice's vision into reality by setting SMART 90-day goals, focusing on realistic objectives, and honing your prediction skills. Remember, the path to practice freedom is paved with attainable, relevant, and time-bound goals.


If you want to learn more about Practice Freedom, check out https://www.markhendersonleary.com/podcasts/prf118.

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