Hive PARTNERS – We build your business with you so everyone wins
The Hive PARTNERS program is for high-performing practice owners who want to grow the business beyond their current leadership capacity.
Elevate Your Healthcare Practice with The Hive PARTNERS Program
Do you find yourself juggling the day-to-day operations of your practice without being able to unlock its full potential?
Partnering with The Hive means more than just selling a portion of your practice – it’s a dynamic collaboration that brings fresh perspectives, shared resources, and a shared vision for success.
The Hive PARTNERS allows you to focus on what you do best – providing quality care to your patients.
You’re still the face, but we’ve got your back.
Our practice acquisition model unites high-performing business owners with seasoned business coaches who provide strategic planning and personalised mentoring. Together, we’ll fine-tune your practice operations, optimise team performance, and unlock your full growth potential.
Troy Parsons, The Hive, and Phil Marshman, Pioneer Podiatry
I got to the point where I didn’t really know how to take the business any further. Now, I’m so relieved to to know that someone has my back whenever something comes up. In the past I might have procrastinated about it, or put it off, or just avoided it altogether. I’m in such a good place and the team are really humming along.
Frequently Asked Questions About The Hive PARTNERS Program
Who qualifies for The Hive PARTNERS program?
We partner with practice owners who:
- Have an existing healthcare practice that employs 2 or more practitioners
- Want to grow the practice, but need or want a partner to help expand
- Would like to retain an ongoing financial interest in the practice and continue to contribute to the business operations
Why would you sell a percentage of your practice to The Hive?
- You want a better work/life balance
- You want to free yourself of personal and business debt
- You want to partner with experienced professionals to take your business to the next level
- You want to focus on practicing and ‘fall back in love’ with your profession
- You want to be part of a ‘bigger picture’ and make a difference to your profession
How Does Partnering With The Hive Work?
We evaluate potential practices to ensure that:
- the business owners we select have the capability to be part of a team, adopt the right culture, and can assist in implementing our growth initiatives, and
- the practice still has opportunities for growth. For example, the real estate or the team may not be fully optimised, and/or the scope of practice could be extended
If it looks like we’re a fit, then:
- We buy 70-80% of the practice and ensure the current owner/s have a vested interest in ensuring that the business continues to grow
- We improve practice metrics such as rebooking rates, new clients, and revenue per visit.
- We optimise growth potential for the practice
What is expected of partner businesses in The Hive PARTNERS program?
- A willingness to listen and learn
- A team approach from all staff within the practice
- A positive attitude towards growing the business
- Consistent adherence to everyday operations of the business
- An ability to execute on the strategy developed for the business
- Adoption of the necessary processes to enable the practice to grow
What Do We Provide for Partner Practices?
- Shared leadership, strategic planning, coaching, mentoring and accountability for the principal
- Recruitment best practice
- Ongoing coaching and mentoring for the team
- Access to a wider group of collective practices and best practice management tools and processes
- Bookkeeping and financial management reporting
What benefits can you expect from partnering with The Hive?
- Enhanced recurring revenue
- Improved practice metrics
- Enhanced team performance and morale
- A more disciplined business approach
- Increased number of practitioners
- Potential for adding offerings from other professions
- Realise significant value in your remaining equity in a growing practice
Jono Heath, Director, The Hive – Team alignment training in practice
