VENEL INSIGHTS

35+ Years of Experiences & Lessons

Many of the insights shared below come directly from Venel’s daily interaction with our business-minded client partners. Each day, our clients freely share their challenges, trust us to work closely with them in designing solutions, and allow us to share in their successes. These experiences and lessons have afforded us the opportunity to share our insights with you.

Chassity Davis Chassity Davis

When to Plan Your Practice’s Marketing

The best time to develop an agreed-upon strategic marketing plan and begin executing it was 12 months ago—12 months before you needed it.

Most practices engage in strategic marketing when their backs are to the wall: Their competition has been gaining ground with no response, a new surgeon is arriving in the market, volumes are dropping, or the hospital has just announced new orthopaedic providers.

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Chassity Davis Chassity Davis

Give $1 but Not the Bank

Goodwill has never been about generating revenue or new patients; goodwill is a community position—a commitment from a partner in the practice or the practice as whole to give or serve within the community they call home, to provide more than just a pay-for-service, but an investment in the community’s future.
Often, practices bend to the whims of those asking for dollars because of feelings of obligation and fairness. If you give to one, why not all? There are several approaches to take when determining who or what is of value for your donation dollars, and it certainly is not everyone.

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Chassity Davis Chassity Davis

It Is Time to Get Serious

We don't assume to know your Practice's nuances or the intricacies of your market. We don't have intimate insights into your health systems or major payers. What we do know are the corresponding trade-offs doctors and their administrative teams have made when growing their orthopaedic practices. We have been on the front lines of practices selling to hospitals and then the process of working themselves back out. We have seen the challenges and missteps taken in divisional mergers. And we are now working directly with private equity firms and practices competing against them.

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PUBLISHED ARTICLES

  • Marketing in a Private Equity Environment

  • Have Governance Documents on the Promotion of Cutting-Edge Treatments

  • The Value of Being Named a ‘Top Doc’ in Your Area

  • Determine the Value in Sponsorships

  • How to Improve and Maintain a Positive Online Reputation

  • Interactive Communications—Successes, Failures, and Insights for Orthopaedists