Revenue = NP x OVA x PVA
Let’s talk chiropractic algebra for a moment. Don’t be scared; math can be fun and using basic metrics with the right equations can help ensure that your success is not accidental.
- NP – The number of patients that receive a first adjustment.
- RPV – Return Patient Visits
- OVA = Revenue/RPV
(Office Visit Average) How much people spend, on average, on each visit in your office.
- PVA = RPV/NP
(Patient Visit Average) A measure of retention indicating the average number of times a patient returns to your office.
Have fun while you build your practice, increase your profits, and enjoy your life!
Dr. Jeff Scholten