Learn to use budgeting as a management tool. Following a budget helps increase practice profitability. It should not only show total expenses monthly, quarterly and annually but also divide expenses into overhead categories, such as staff compensation, lab costs and dental supplies. By analyzing expenses and comparing present performance to established goals, you’ll see exactly where overhead can be reduced.

Additional Resource: Read an excerpt from Dr. Levin’s book, “100 Ways to Increase Your Practice Profitability,” by clicking here.