MILLION DOLLAR CHIROPRACTIC

March 1 2004
MILLION DOLLAR CHIROPRACTIC
March 1 2004

PERSONAL: Married to wife, Robyn for 2 years and has a son, Pryce (7months). Recreation and Leisure: I love to spend time with family because we are spread throughout the country. With the baby, our spare time is at a minimum right now. I enjoy golf and run­ning. 1 am planning to run my second mara­thon later this year. Professional Affiliations: American Chiro­practic Association, International Chiropractic Association, Florida Chiropractic Association, Broward County Chiropractic Society, South­ern Chiropractic Association. Seminar Attendance: The Masters Circle, The Winners Circle, Sherman College Lyceum, FCA Winter Conference, Vacations: Our honeymoon was in Italy, and Florence and Lake Como were our favorites. We enjoy vacations where my wife can hit the spa while I play golf. I try to plan a boy's golf trip once per year with my closest buddies. PRACTICE PARTICULARS Clinic: Our primary location is in a beautiful professional park on a strategic intersection in Plantation, Florida. The office is 2700 square feet and was designed by Davlen Associates, literally from the ground up. Our second loca­tion is in North Palm Beach, approximately sixty miles from the main office. The existing space is 1100 square feet and we are in the midst of a 700 square foot expansion. Office Hours: The office is open Monday, Wednesday, and Friday from 10-1 and 3-7; Tuesday from 3-7; and Saturday mornings from 9-12. I am looking for another associate doctor so we can expand the hours to Thursday as well. Techniques: Thompson, Diversified, Cox, Ac­tivator, SOT. Staff: The office has an Associate Doctor, and various massage therapists who are part time independent contractors (2 massage therapists are working at all times). Also, we have four full time registered chiropractic assistants, in­cluding reception, insurance, therapy/patient care and records custodian/transcriptionist. We also have two part time assistants for col­lections and patient care. articleln the MILLION DOLLAR CHIROPRACTIC series J focuses on the top surveyed issues facing chiropractors today. Recruiting new patients, retention, profitability, marketing and staffing are each a determin­ing factor in the growth, potential and success of the practice. The subject of this issue's profile is Dr. Rick Markson, an extremely success­ful chiropractor who has practiced in Florida for the past 9 years. Originally from Long Island, New York, Rick Markson began his chiroprac­tic journey in early childhood. The son of Dr. Larry Markson, a 23-year vet­eran of success coaching and one of the founders of The Masters Circle, he literally grew up with a love of chiropractic and is "thrilled" to be able to offer his wife, Robyn, and eight month old son, Pryce, the same experience of living a healthy, drug free life. One of only tivelve chiropractors in the country certified to teach the Thomp­son Adjusting Technique, Dr. Markson also lectures at chiropractic associa­tions and colleges throughout the country on practice building, office proce­dure and personal growth. He received the 2003 International Chiropractor of the Year award given by The Masters Circle, and has acted as President of the Broivard County Chiropractic Society for the past two years. In an interview with The American Chiropractor, Dr. Rick Markson an­swers our Million Dollar Chiropractic (IV1SC) questions about what he describes as his "good old fashioned family practice" where the focus is always on chiropractic care. IVIS> C: WItat influenced you to become a chiropractor? Markson: I recall knowing that I was go­ing to be a chiropractor since the age of six. Having a father who was so successful and well respected in the profession fueled my desire to follow in his footsteps. I have been adjusted my entire life and chiro­practic care has always been the mode of health care for our family. So, it wasn't a far stretch to imagine myself sharing what I have learned over a lifetime. I majored in sociology at Syracuse University. I chose that field, because I knew that the more I understood what makes people make the decisions that they make, the better able I'd be to assist them in making the proper health care decisions. What type of practice do you have? Markson: Our practice is a good, old-fash­ioned family practice. Before I started, nine years ago, my vision was to see fifty per­cent general practice, twenty-five percent personal injury and twenty-five percent pediatrics. That felt like a perfect balance to me, and that is almost exactly what we see in the practice. As I stated earlier, I grew up as a chiropractic kid. Therefore, we make sure we educate every patient on the benefits of lifetime chiropractic care for every member of their family. I am very strong with my patients on understand­ing the subluxation concept and I believe that has a huge impact on our success. I have one associate doctor and another one in the works. They are instrumental in being able to provide the quality of care that we pride ourselves on. We have two massage therapists on staff at all times and I see a huge benefit in having the massage therapy on premises. IVISC: Give us a physical description of your office facility. Markson: Westartedinal600-square-foot office with four adjusting rooms and one massage therapy room. We began to see some capacity limitations, so I purchased the massage therapy company that occupied a 750-square-foot space in the same strip center. We moved the massage over to the new space to give us another adjust­ing room and were able to have two massage rooms as well as rent- ing space for acupuncture and Chinese medicine. Two-and-a-half years ago, we moved down the road to a magnificent freestanding building in a professional plaza. It is a 2700 square foot space and houses everything under one roof. I believe it to be the dream office. We have decorated it in a very warm, welcoming way and it suits all our needs. We now have the capacity to see a virtually unlimited volume. Not a day goes by that a patient doesn't comment about how beautiful our office is. Needless to say, I'm very proud of it. M&C: What's the income service level that you provide annually? Markson: Our goal has always been to grow financially by twenty percent each year. I have been fortunate enough to be surrounded by a team that understands that goal and helps me to fulfill it year after year. As the practice has grown, our income has followed as well, and we continue to see the twenty percent increase every year. Also, this past year, I purchased another practice with a partner and that has created another income stream for me. : Do you have a set profit-standard or margin for­mula for the business? Markson: I believe that setting very specific goals is of the utmost importance in running the practice effectively. Sec­ond in importance is to make sure that your team knows each goal and that continuous training is done to ensure the achieve­ment of each one. Due to the nature of our practice, our over­head tends to be a little high at approximately 55-57%. This is due to the multiple associates and the multiple massage thera­pists. Employing professionals may have a higher price tag, but I believe that their value makes it worthwhile. Addition­ally, thanks to our insurance and collections team, our ac­counts receivable is actually lower now than it was three years ago. Our goal is to collect 90% of services rendered, and we get closer to that goal every year. ]VISC: Is there anyone in particular to whom you attribute your professional success? Markson: On a personal note, my mother taught me to al­ways do the right thing, regardless of what the cost. I strive to accomplish that task in every facet of my life. On the business side, I was fortunate enough to have a fa-1: ther who revolutionized much of how chiropractic is now practiced around the country and the world. I learned early on that the practice of chiropractic follows a triad of personal­ity, procedural efficiency, and clinical competence. I have been listening to my dad's Markson Management Services cassette albums since I was a kid and I follow his procedures to the letter. The chiropractors that I know who try to "rein­vent the wheel" end up struggling needlessly. Now, as I have become involved with the The Masters Circle, the success philosophy has taken center stage. I follow their manual and CD albums lesson by lesson. With Bob Hoffman and Dennis Perman helping me work on my own weaker areas, I have become a better boss, a more confident leader, and the kind of person who can create the life and practice of my dreams. : What marketing strategies do you use to attract new patients, and to keep current patients? Markson: I have always loved public speaking, so I have built the practice predominantly on doing outside lectures in our community. I have spoken at various companies, schools, support groups, and municipalities on the topics of stress management, back safety, raising a healthy, drug-free family and, of course, the benefits of chiropractic care. I have used Michelle Geller Vino of MG V Marketing since the day I opened my practice. She has been responsible for opening countless doors for us to educate our community and I would never practice without her in my corner. For patient retention, we do a mandatory new patient ori­entation in our office that all new patients are required to attend. This has translated into a very high patient visit aver­age and decreased our reliance on new patient volume. All patients receive a detailed report of findings, which further educates them on the three phases of chiropractic care. This eliminates the patients' desire for the "quick fix". IVISC: How do you handle problems with patient reten­tion? Markson: We work very hard on understanding the person- ality type of each patient. Depending on who they are, we will cater our communication skills and our proce­dures to the fulfillment of their needs. This translates into each and every patient feeling as though we un­derstand them. I believe very strongly in relationship building and we work diligently, as a team, on our rapport building skills. Confrontational tolerance is something that every successful person in every field mastered. We are able to confront patients about ► ►keeping up with their appointment schedules and financial responsibilities so that they understand that it is in their best interest to do so. M$C: We all know that an efficient staff is a crucial component of a suc­cessful practice. Tell us what you look for in a staff member. Markson: I used to hire people out of desperation. I sounded like everyone else. "Good help is impossible to find." Through the teachings of The Masters Circle, I have learned that attracting the right team members is no different than attracting new patients, or the perfect mate. You must work on goals, affirmations, and visualizations to mani­fest whatever it is you want. In this in­stance, I am very specific on hiring my teammates by their personality type. I believe that almost any task can be taught, but you can't train someone to be the type of person you need for each position. : Do you enjoy your work? Markson: How many people do you know who knew what they were go­ing to do with their life since the age of six and then actually made it happen? When someone asks me what my purpose in life is, I believe it is prima­rily to become the best husband and father I can possibly be. Then, it is to help get chiropractic to the mountaintop.. .where it belongs. I re­ally am living a dream. M$C: Any final words for our read­ers? Markson: I am flattered by the fact that I have other chiropractors visiting my of­fice on a weekly basis. They ask many of the same questions that I have answered here. The advice I have for them and for the readers is simple. First and foremost, start having more fun. Chiropractic is an amazing healing art.. .enjoy it. Our patients love us. If you fuel your pas­sion for chiropractic, patients will flock to you. Second, you must have a coach. If Tiger Woods, Michael Jackson, and every other superstar in any field have coaches, you should to.. .if you want to be a superstar! I am also flattered that you asked for my inclusion in your pub­lication. I love chiropractic and I am honored to share what I have learned with each and every one of you. You may contact Dr.Markson at (954) 472-7975.' Our sincere thanks to Dr.Markson and his staff at Markson Chiropractic, Plan­tation, Florida. | TOOL KIT To give you a clearer idea of what a million dollar chiropractor uses to run his practice, we've asked Dr. Rick Markson to share with us some specific products & equipment that he uses to reach his practice's goal of bringing better health to their community. TABLES: • As a Certified Thompson instructor, I was sure to have drop tables in every room. Zenith 220 HiLo with cervical and pelvic drops are in two of my adjusting rooms. These tables have dropout midsec-tions, which allow for adjusting pregnant women right up to their labor and deliveries. • I also chose the Leander vertilift with automated flexion/distraction and pelvic drops for three of my adjusting rooms. These tables are very comfortable for the patients, allow for lateral flexion as well, and enable me to use many different techniques. DIAGNOSTIC EQUIPMENT: I use the Insight Millennium from CLA and I would never practice without it. We use the surface I;MG as well as thermal scanning and computerized inclinometry on every new patient, as well as in every re-examination. See ad on pg 2. We use the Foot Levelers Associate for computerized scanning of patients' feet. This automatically e-mails the scans back to Hoot Levelers and saves time and cost of shipping. The Associate also comes with a postural analyzer, which is a standard part of our examination procedure. See ad on pg 25. We have a radiology company that reads our films if we need a formal report. They arrange for weekly pick-up and drop-off of the films at no cost to me. See ad on pg 41. REHABILITATION EQUIPMENT: We use Foot Levelers for orthotics as well as for their Theraciser low-tech rehab equipment. I prefer to teach the patients how to do their rehabilitation at home. See ad on pg 25. We have two Intersegmental Traction Units from Health Care Manufacturing that have held up beautifully under a lot of use. We use interferential electric muscle stimulation and I find LSI's equipment to be the easiest to use. See ad on pg 10. 1 purchase my supplies from Orthopedic Supplies Incorporated (OSI), which supplies me with my supports and braces. NUTRITIONAL SUPPLEMENTS: • We use Biotics Research Corporation for our individual supplements (See ad on pg 1), and Body Balance tor liquid multiminerals. COMPUTER SOFTWARE: In 2000, we switched to Eclipse, which handles everything from the appointment scheduling, re­ calls, electronic billing, to multiple doctors. Their training is incredibly thorough as well. I highly recommend it for any size or any style of practice. For my record keeping and report writing, I have a full time transcriptionist on staff. She is cross- trained for the front desk and back office as well. We dictate our reports as well as our SOAP notes for personal injury, Medicare, and worker's compensation claims. OTHER COMPANIES I LOVE: The Masters Circle is our coaching group. We fly as a team to four seminars per year. I attribute all of our growth to following their guidance and training together with my staff. We work on ourselves as individuals and as a team, and we constantly strive to work on our weaker areas. I have an individual coach as well, and also participate in teleclasses and workshops. Their manual is the best practice-building tool in the market today. See ad on pg 31. I have used MGV Marketing since day one. Michelle Geller-Vino has opened more doors for me in my community than I can possibly imagine. My rapid growth has been largely due to her efforts in marketing my practice. We use new patient and report of findings videos from Patient Media as well as some of their hand­ outs and posters. I have researched many companies and these videos are the shortest, most concise, and well written. I also loved Bill Esteb's books, especially his My Report of Finding. We use the Back Talk Systems written report of findings magazette as well as some of their demon­ stration tools. They are first class and well organized. Dr. Rob Jackson also provides tapes for the use and implementation of the tools. In our reception area, we have DVD's from Health Visions playing constantly. I love the patient quiz version because it really gives you a measuring stick to see how well your patients understand chi­ ropractic. See ad on pg 57. When we designed the office, we used Davlen Associates for all aspects of the practice design, archi­ tecture and workstations. They are experts at chiropractic office design, individually suited for your practice style. Thanks to all our sponsors! Our adjusting tables have pelvic drops and automated flexion/distraction. The custom colors make the tables look more inviting and less ominous. Our logo is branded through-out our office and on all our marketing materials Examination/Report of Findings room, designed for "knee-to-knee" communication. 2003 International Chiropractor of the Year award from The Masters Circle The reception area was created with the "home-like" feel with Brazilian teak floors. The space allows for pa tient workshops seating up to twenty On the right is our staff training area, also great for Report of Findings to families Our associate doctors are fully empowered to take the patient through consultation, examination, Report of Findings, and all aspects of care Eric Hoder, DC, left, and Jeffrey Pittenger, DC, right.