What is Practicality?
Practicality is about achieving clinical success in private practice by understanding and adopting fundamental business processes into your operations. Being an effective clinician is only half of the real-world picture as a healthcare provider. Practice success demands diverse knowledge in all aspects of business to not only make it, but to thrive as a confident, successful healthcare practitioner. Learn how you to live the work-life balance of your dreams, without the stress of trying to manage your business with ineffective strategies.
INTERACTIVE AND PRACTICAL LEARNING
Meet The Team
Richard Thompson, BA (Hon), DC, MBA
President & Founder
For the past 15 years, I have worn several hats in my career - chiropractor, entrepreneur, business owner and clinic director. During this time, I have enjoyed acquiring and growing three practices into integrative, multidisciplinary centres and mentoring young health professionals on building their clinical and business management skills. However, early on in my career, the absence of formal business education contributed towards me making some blind business decisions that were extremely costly on my bottom line and my personal time.
Practicality was developed to cover key learnings in major areas of business that are critical for both new graduates entering the workforce and experienced practitioners. Our business training modules are born from clinical and business ownership experience with an MBA from the Ivey School of Business. Practicality addresses real-world business challenges and solutions for the healthcare practitioner in clinical practice. With high-quality, fundamental training in business concepts and systematic clinical procedures, every healthcare practitioner can become stronger business owners, leaders, and healthcare advocates that lead successful careers and fulfilling lives.
Having ethical, proven business processes in place at my clinics helps create efficiencies in my workweek that allows me to spend time with my family, my two young boys, and the occasional round of golf with the guys.
Chris Mahlberg, MBA, CFP
Partner
I am passionate about working with entrepreneurs and advocating for financial literacy. In my 16 years in the financial services industry, I have worked with hundreds of entrepreneurs helping them navigate the complexities of their personal, business and wealth needs. This is why I partnered with Practicality, as I saw the opportunity first hand to help healthcare professionals bridge the gap between their technical training and the financial knowledge required to build a thriving business.
Currently I am Vice President Business Banking with BMO Financial Group in Southwestern Ontario. I am a Certified Financial Planner with Financial Planners of Canada, and received an MBA from the University of Western Ontario’s Ivey School of Business.
I am a liaison for several local Chambers of Commerce as well as charitable organizations such as the United Way, Kids Help Phone and Habitat for Humanity. Furthermore, I have chaired Employee Resource Groups advocating for health & wellness in the workplace.
In my personal life, I am a proud husband, father of three children. I enjoy staying active outdoors by discovering new trails to hike with my family and our dog, Arthur.
Designed for EVERY STAGE OF YOUR CAREER
Students & New Graduates
The Business Essentials for Early Practice seminar is designed for the healthcare student about to enter into clinical practice and recent graduates. The limited business training delivered in your healthcare programme only skims the surface of practical business strategies and management processes to launch your careers on the right foot. While your focus is on patient care, learn how to implement critical business fundaments early to grow a busy, streamlined practice without the stress of managing your business.
Experienced Practitioners
Any practitioner running their clinical practice, regardless of whether you're a clinic owner, independent contractor or an associate, demands that you split your time on patient care and business management. Learn how to take your practice to the next level while you remain focused on what you do best - providing excellent treatment. The Business Management for Practitioners seminar is designed to help you become a more well-rounded healthcare practitioner for you to run your practice successfully and with less stress!