Growth & Scale

He Got Injured. Then He Built a 3-Associate Practice

After 25 years of treating, Dr. Shawn Finn's back gave out, and 75% of his practice was built around his own hands. He hasn't treated a patient in over two years. He now runs Finn Chiropractic with three associates, a 40% target margin, and a close rate he thinks is healthier than yours.

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Episode Details

Dr. Shawn Finn figured he'd treat patients forever. Twenty-five years in, he thought he was the best at it.

Then a spinal condition he'd been working around started pressing on a nerve. He couldn't treat. Some days he couldn't get out of bed. And about 75% of his practice was built around his own hands.

That's the scenario every treating owner avoids thinking about. Shawn lived it.

He runs Finn Chiropractic in Mars, Pennsylvania, just outside Pittsburgh. Twenty-eight years in practice. Three associates. He hasn't treated a patient in over two years, and the practice is up 75% this year.

How do you step out of treating without the practice collapsing?

Shawn's first answer: commit. He spent a stretch going in and out of treating, re-injuring himself, and it dragged the whole team down. His wife finally told him to make a call. He burned the ships.

Today he's clinic director. He does the day ones and day twos, the part most owners want to hand off, because 28 years of diagnosis and patient communication is still his best asset. He meets with his doctors every week, and a newly launched associate gets coaching from him every single day.

The associate model that made it stick came from Noel Lloyd's Win-Win program. Associates build their practice inside yours, and the owner's job is to serve them.

When should you hire your next associate?

Shawn keeps his team at about 80% capacity. They can push to 90 or 110% in a sprint, but not for long.

The real answer is in his numbers. Every Thursday morning he holds a financial meeting with himself. Nobody touches that block. He starts with a written timeline of his business wins and losses, which he says has a lot more losses, then opens QuickBooks, the P&L, and the budget he built at the start of the year.

His targets:

  • About 40% profit as a non-treating owner
  • About 50% if you're an owner still treating 100 to 200 visits a week
  • Staff at roughly 35% of collections

Hire from those numbers and you're deciding from stability. Hire from burnout and you're deciding from emotion. He's been stung by the second one plenty.

And his biggest first-hire warning: don't hire your first associate to get more time off. You hire the first one to grow. You'll work more, not less.

How do you raise visit value without more new patients?

At the start of this year Shawn asked one question: how do we grow without adding a single new patient?

The answer was programming. He'd been running decompression and shockwave separately. After digging into the research on shockwave for trigger points and muscle spasm, not just tendons, he blended them. Shockwave relaxes the tissue, decompression takes the pressure off, and the protocol pairs both with adjustments and corrective exercise.

Patients sign up for a low back or neck restoration protocol, not a list of services. Visit average is up about 40%. More importantly to him, the outcomes on sciatica, disc and stenosis cases went through the roof.

Is a 90% close rate a good thing?

Not to Shawn. His personal close rate is about 80%, his associates run 65 to 70%, and he thinks 70 to 80% is the healthy range.

His bar for a "close" is strict. The patient has to commit to a full program and schedule the entire thing up front. No visit-by-visit.

You need the stomach for people walking out. With new patients costing $240 to $300 to acquire, that's not easy. But the payoff is that 60 to 65% of his patients who start a plan finish it and move into maintenance. Under 50%, he says, is usually a confidence problem, not a script problem.

And the close starts with the marketing. His best-performing Meta ad was one patient's story: a 32-year-old mom, teacher and runner with a disc herniation. New patients now walk in saying they want to be her.

Common questions

Q: What is a good profit margin for a chiropractic practice?

A: Dr. Shawn Finn targets about 40% profit as an owner who no longer treats patients, and about 50% for an owner-operator still treating 100 to 200 visits a week. He keeps staff costs at roughly 35% of collections and reviews his P&L against budget every Thursday morning. That meeting is what his hiring decisions run on.

Q: What is a good close rate for a chiropractor?

A: Shawn Finn puts a healthy conversion-to-care rate at 70 to 80%. His own is about 80%, with associates at 65 to 70%, and he only counts a close when the patient commits to and fully schedules a program. He's had 90% months and treats them as an anomaly, not a target. Rates under 50% he sees as a confidence issue.

Q: Should you combine shockwave therapy and decompression?

A: For back pain patients with any level of compression, Finn Chiropractic found the combination works better than either alone. Shockwave relaxes the affected tissue and decompression reduces the compression, paired with adjustments and corrective exercise. Shawn credits the blended protocol with a roughly 40% increase in visit average and much stronger outcomes on sciatica and stenosis cases.

Q: How long does it take to hire an associate chiropractor?

A: Shawn Finn's honest answer is three to six months. He warns against hiring the first person you meet because you're burned out, and against hiring your first associate to get more time off. The first associate is a growth hire, and the owner usually works more, not less, while that doctor ramps up.

Q: How should a chiropractor ask patients for referrals?

A: Shawn's approach is a heart-to-heart when a patient says they're feeling better: ask who they've shared their story with, tell them the best patients come by referral, and hand them a couple of referral gift certificates. His practice donates a portion of each referred visit to Make-A-Wish.

Key Takeaways

  • The Practice Was His Hands. After 25 years of treating, a spinal injury took Shawn out. He hasn't treated a patient in over two years, and the practice is up 75% this year.
  • Commit to One Role. Going in and out of treating dragged the whole team down. Pick in the business or on it and burn the ships.
  • Keep the Team at 80% Capacity. Championship teams can sprint to 110%, but not forever. Eighty percent is the sweet spot Shawn manages to.
  • The Thursday Money Meeting. Every Thursday morning, a meeting with himself. Wins and losses timeline first, then QuickBooks, P&L and budget. Nobody books over it.
  • 40% Margin Without Treating. About 40% profit as a non-treating owner, about 50% for an owner-operator, staff near 35% of collections. Hire from the numbers, not from burnout.
  • The First Associate Is for Growth. Hiring your first associate to take more time off is a massive mistake. You'll work more while they ramp, not less.
  • Blend Shockwave and Decompression. Programs instead of a la carte services. Visit average up about 40% without adding new patients, and better outcomes on disc and stenosis cases.
  • An 80% Close Rate Beats 90%. A close means a fully scheduled program. Seventy to 80% is healthy. Under 50% is a confidence problem.

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