Monitor practice financials. Practice leaders must regularly track overhead and production. This data will enable you to see how your practice is progressing toward its profitability goals. With …
Involve more than one surgical staff member in handling practice finances.
Involve more than one surgical staff member in handling practice finances. This minimizes the possibility of someone falsifying accounts for personal gain. Never let the person who collects money also …
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Turn cost containment into a staff project.
Turn cost containment into a staff project. If practice overhead is higher than 42% of total revenue, there are almost certainly areas where costs can be reduced without negative consequences. The …
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Figure out where you stand.
Figure out where you stand. Unless you know essential facts about your dental business—exactly how full the schedule is, how many patient referrals are coming in, what percentage of fees is being …
Monitor practice financials.
Monitor practice financials. Practice leaders must regularly track overhead and production. This data will enable you to see how your practice is progressing toward its profitability goals. With …
Look for ways to achieve the practice vision.
Look for ways to achieve the practice vision. A vision forces the practice to clearly focus on objectives. It maps out a clear direction for your practice over the next three years so that the doctor …
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