This morning, I woke up early to catch some thrilling Olympic events. A motivational way to start the day before diving into another bustling day of healthcare strategy and innovation. Each moment of watching these incredible athletes has reaffirmed my excitement and passion for excellence. The journey of following the Olympics is exhilarating and immensely rewarding, and I look forward to more exciting moments and achievements together.
In today’s edition:
- 🥇 Unlocking Success: The Vital Role of Retention in a Talent-Scarce Market
- 🧙♂️ Navigating the Future: Stay Ahead with the Latest Labour Law Update
- 🗣 Empowering Excellence: Mastering the Art of Performance Communication to Inspire Your Team
- 👩🏽⚕️ Know Your Workforce: Employee or Contractor? Navigating Risks and Compliance
- 🍷 Grapes and Grub
Enjoy the ride,
~Gary Thorne, Founder
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Moving Beyond Compensation to Retain Talent
- Team member attrition can feel and be disruptive for everyone in your practice.
- A strong focus on building a positive culture and fostering high performance will be a differentiator in team member retention and set your practice apart from others.
Staying Ahead. New Employment Legislation.
- In 2023, the PayTransparency Act became law in BC. All employers must provide expected wage ranges with their job postings in effort to close the gender pay gap and address systemic discrimination.
- This has now been adopted as law in Prince Edward Island, Newfoundland and Labrador, and soon to be in Ontario. It won’t be long before this is adopted Canada wide. Read more to make sure you are up to date and in compliance, PayTransparency Act.
The Art of Communication for a High-Performance Culture.
- Ditch words like “Revenue” and “Profit”. Engage your team with your purpose.
- Focus on:
- client experience
- access to services
- best practice care planning.
- This will foster a sustainable culture of high-quality results and performance.
Protect Your Practice. Employee or Independent Contractor
- Stay in compliance with labour laws and tax regulations.
- Understand the distinction between independent contractors vs employees. Misclassifying can lead to legal issues, costly penalties, and back taxes.
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Weekend Fun
- Grapes and Grub – 100 Points! BC Chardonnay, Old World Elegance
- Checkmate’s 2019 Little Pawn, Jagged Rock Chardonnay. We stumbled upon this winery 3 years ago and it quickly became our favourite Winery in Oliver, BC.
- Melon, peaches, citrus, green tea and sea salt.
- Pair it with our favourite Chef’s, Tieghan Gerardof Half Baked Harvest, Pesto Peach Chicken in White Wine with Burrata
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What is ELEVATE?
Get to know ELEVATE Practice Intelligence and keep more of your hard earned $$$$. We maximize a practice owners’ ability to convert practice valuation into personal wealth.
Own more than just your job – at ELEVATE, we are passionate about eradicating entrepreneurial healthcare poverty across Canada.
Who is GT? 17 years as a corporate healthcare executive responsible for 60+ clinics, across multiple provinces, with a portfolio size >$125M. Ethos: good enough never is!
Talk with ELEVATE if you are interested to learn more about a profit first mentality and winning at cash flow management. Book Now >
