Practice of the Practice: Grow a Group Practice Podcast · 33 min
How to Use Your Numbers to Scale Your Practice with Arron Bennett | GP 342
How private-practice owners can rebuild their P&L for decisions, understand the revenue cycle, and track the five numbers that make growth more predictable.
Hosted by Prof. Brandon Shurn
Full conversation
Listen to the episode.
Play the full episode above, or open it on Practice of the Practice.
Inside the episode
The conversation.
Brandon Shurn and Arron Bennett discuss why a tax-return P&L is not enough to run a growing practice. They cover separating delivery, marketing, and administrative costs, tracking how clients enter and return, using a CFO as a navigator, and measuring the five drivers behind future revenue.
Key ideas
What you will take away.
- Build the P&L for decisions by separating service-delivery costs, marketing, payroll, and general and administrative expenses.
- Track where clients come from, how often they book, and whether they return so the revenue cycle is measurable.
- Use the CFO as a navigator who turns the owner's goal and operating data into a financial route forward.
- Monitor customer acquisition cost, churn, payback period, the hiring J-curve, and client lead flow.
- Do not treat the data itself as the problem; use it to identify the constraint that is holding growth back.
Questions answered
Straight answers from this episode.
- How should a private practice structure its P&L for growth?
- Separate the costs of delivering care from marketing, payroll, and general and administrative expenses. A statement organized only for a tax return does not make the operating tradeoffs clear enough for scaling decisions.
- Which five numbers help predict a practice's revenue?
- Customer acquisition cost, customer churn, acquisition payback period, the hiring J-curve, and client lead flow. Together they show what it costs to win demand, how long value lasts, and how quickly new capacity pays for itself.
- What is the hiring J-curve in a private practice?
- It is the time between hiring a clinician and reaching break-even on the clients that person can serve. Tracking it keeps a capacity decision connected to cash timing instead of just headcount.
- Why should a practice track repeat visits?
- Knowing how clients enter the practice, how often they book, and whether they return reveals the real revenue lifecycle. Without that history, future demand and capacity planning are largely guesses.
- What role should a CFO play in scaling a practice?
- The CFO should act as a navigator: understand the owner's goal, organize the relevant data, test what is feasible, and map the financial route toward it.
Next step
Find the leaks in your own numbers.
A focused 20-minute conversation that maps the highest-impact profit, tax, cash, and enterprise-value gaps in your business. No document prep.
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