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How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019

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Page 1: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

How to Maintain a Competitive Advantage

Eric J Dippel, MD FACC

Davenport, IA USA

April 5, 2019

Page 2: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Conflict of Interest

None

Page 3: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Start with a Vision

What is your goal?

What do you want to

accomplish?

How are you going to get

there?

Page 4: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Building a Practice

It starts at the top

– Lead by example

Build a team

– Put people around you that are highly competent, passionate, and share your vision

– Do not micro-manage

– Rule #1 “Have Fun Everyday”

Create a Brand

Provide a facility and atmosphere that make patients feel comfortable

Page 5: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Building a Practice

Availability

– You must make yourself available at all time

Ability

– You must have the ability to treat the problems you create

– You must know your limitations

Page 6: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Building a Practice

Affability

– You must treat patients, staff, and referring physicians by the

Golden Rule

– Speak to patients in a way they understand

• Communication, communication, communication

– You are an educator, you have knowledge they do not have

Adaptability

– The only constant in life is change

Page 7: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Being Competitive

Outcomes (positive & negative) drive referrals

Strive for excellence at all times

– Do not take shortcuts

– Do not cut corners• CLIA

– Be prepared

– Mistakes will be made• Learn from them

• Do not repeat them

• Do not be afraid to fail

Page 8: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Being Competitive

Build a referral network– Communicate with referring physicians

• Key leaders—Wound Clinic

• Patient encounters

– Patient word of mouth

– Advertise to the community• Social media

– Website (www.VIMidwest.com)

– Facebook (Vascular Institute of the Midwest)

– Google

• Traditional media– Newspaper

– TV

– Billboard

Page 9: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Being Competitive

Provide unique services

– State of the art facilities• Best you can afford

– Superficial venous disease• Medical

• Cosmetic

– Deep venous disease

– Aesthetic services

– Uterine fibroid embolization

– Prostate embolization

Clinical research

Page 10: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Being Competitive

Page 11: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Being Competitive

Page 12: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Being Competitive

Page 13: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Being Competitive

Page 14: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision
Page 15: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision
Page 16: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision
Page 17: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision
Page 18: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Conclusion

Have a vision, develop a plan

Build a team, lead by example

Treat patients and referring physicians by the Golden Rule

Strive for excellence

Social media and traditional marketing

Provide unique services

Have fun everyday

Page 19: How to Maintain a Competitive Advantage...How to Maintain a Competitive Advantage Eric J Dippel, MD FACC Davenport, IA USA April 5, 2019 Conflict of Interest None Start with a Vision

Eric J Dippel, MD FACC

www.VIMidwest.com

[email protected]

(C) (563) 650-5635