Build your practice value now. Too many specialists will wait until they are ready to sell their practice before they build sufficient value. If you have a 3 to 5 year plan prior to your sale, the …
Not all specialty practices are the same.
Not all specialty practices are the same. A lower revenue specialty practice is not the same as a higher one. Lower revenue practices do not have the same ability to invest, market, and …
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How well-trained is your office manager?
How well-trained is your office manager? Doctors who want much greater freedom to focus on patient relations and care, must train their office managers at the highest level to handle all day-to-day …
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What project have you not completed?
What project have you not completed? Some projects are essential to the future of your practice. Stop procrastinating if you have a crucial project and get it done. …
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Prepare your practice before the crisis.
Prepare your practice before the crisis. Hopefully you’ll go through your entire career without ever experiencing a crisis that affects production and income. However, we highly recommend that …
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Key Performance Indicator – Tip #5: Check your overhead monthly.
Key Performance Indicator - Tip #5: Check your overhead monthly. If your overhead goes over your established annual goal, you need to dig in and find out why. …
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Key Performance Indicator – Tip #4: Check your production per provider each day.
Key Performance Indicator - Tip #4: Check your production per provider each day. It is one thing to look at total practice production. It is another to look at production per provider to understand …
Key Performance Indicator – Tip #3: Check your production at the end of every day.
Key Performance Indicator - Tip #3: Check your production at the end of every day. Production is the most important factor in dental practice success. You want to be aware of how you did each day so …
Key Performance Indicator – Tip #2: Check your new patient production daily.
Key Performance Indicator - Tip #2: Check your new patient production daily. Practices need to check their new patient data every week. Create a software or spreadsheet report showing your new patient …
Key Performance Indicator – Tip #1: Check your no-show rate and last-minute cancellations weekly.
Key Performance Indicator - Tip #1: Check your no-show rate and last-minute cancellations weekly. No-shows and last-minute cancellations can cost a practice up to $6 million in lost production and …
Reason #5 for Patient Decline: Not Scheduling the Next Appointment.
Reason #5 for Patient Decline: Not Scheduling the Next Appointment. Make it a goal that no patient leaves your practice without their next appointment. …
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Reason #4 for Patient Decline: Inability to Accommodate Emergencies.
Reason #4 for Patient Decline: Inability to Accommodate Emergencies. When patients have emergencies, they expect to be helped. Every morning, make sure you understand where emergency patients can be …
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