Feeling perplexed by the business side of the hearing industry? First-timers may feel confused about making partnerships work, while experienced practice owners might feel lost in managing a growing practice. Dr. Amit Gosalia, a seasoned and business-savvy audiologist, has been through it all, from buying and exponentially growing a practice to selling it at a good price. In this episode, he shares his top strategies for building a successful practice, highlights challenges in managing growth, and discusses the art of fostering long-lasting relationships with patients.
Dr. Amit Gosalia is a business-savvy audiologist who has extensive experience running successful private practices. He has held leadership roles in audiology organizations and has received accolades from the American Academy of Audiology. He is also the co-founder of AudBoss, an online community for private practice owners.
In this episode, Kevin and Amit will discuss:
- His journey to buying his first private practice
- How he tripled the revenue at his first practice
- His ‘SMART Ear Goals’ approach for laying out practice goals
- The importance of tracking KPIs
- The impressive ROI from building relationships with physicians
- His diversification strategy for staying busy independent of third-party payers
- Fostering interprofessional collaborations for referrals
- How to clearly define roles and responsibilities in a partnership
- His challenges in managing a growing practice
- His advice for struggling practices
- Breaking down patient anxiety
- His personable approach to patient care that results in 5-star reviews
- The lost art of bedside manner
- Why the lab coat is such a bad thing
- And other topics…
Dr. Amit Gosalia is an audiologist specializing in hearing loss and tinnitus at West Valley Hearing Center in Los Angeles. He previously ran Audiology Clinic, Inc. in Vancouver, where he experienced significant growth before selling the practice in 2017. Known for his commitment to patient care, he holds a board certification in Audiology and has received accolades from the American Academy of Audiology. He has held leadership roles in audiology organizations and has actively contributed to non-profits. He is also the co-founder of AudBoss, an online community for private practice owners.
Connect with Amit:
Amit’s Website: https://www.drgosalia.com/
Amit’s LinkedIn: https://www.linkedin.com/in/amitgosalia/
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