Advice for the Practice Leader – Control spending impulses. You may be tempted to buy the latest equipment, but you should exercise fiscal discipline. Evaluate new technologies carefully, not only to determine if they’ll benefit patients somehow but to calculate how long it will take to break even on the investment. If it’s not in your current budget, put it in your spending plan for the next year.

Management Monday: Check out Dr. Levin’s whitepaper, “Dentist as CEO – Finance & Overhead Analysis,” by clicking here. Save 25% with code TOD25.