Advice for the Pediatric Dentist – Offer rewards for cost-cutting ideas. Staff members have first-hand knowledge about how the practice is spending money, which qualifies them to identify ways to reduce costs. Inspire everyone to look for waste… and come up with ways to eliminate it… by offering a percentage (for example, 10%) of the first-year savings resulting from their idea. If the practice saves $1,000, the team member receives a $100 reward.

Friday Freebie: Download Dr. Levin’s free whitepaper “How to Increase the Income from Your Practice” by clicking here.