- Want to maximize your retirement savings?
- Need funds for new equipment, technology, or an office renovation?
- Want to get those debt burdens off your back?
- Having a hard time making ends meet?
If you answer yes to any of these, then, like many dentists, you need a higher net income. Easier said than done, right?!? Actually, it doesn’t have to be that complicated. Let’s answer this question using the KISS (Keep It Simple Stupid) method, it all comes down to the numbers.
You, working alone, ... Continue Reading →
Professional burnout is an epidemic! In a study, just this year, of over a thousand Human Resource managers 98% indicated burnout was actually “sabotaging” their businesses. Many managers indicated professional burnout accounted for 50% of their employee turnover!
Companies across all industries are seeing it impact their business, so they are putting internal programs in place to prevent it before it steals their talent, institutional knowledge, and competitive advantage. It is one of the most prevalent work-related problems in our society ... Continue Reading →
Your Dental Practice Income Statement, sometimes called your Profit and Loss Statement, or your P&L Statement, can be a foundational management tool for your practice if it is purposely designed. Unfortunately, many dentists have no idea their Practice Income Statement can be arranged to meet their specific needs. Usually, dentists accept the generic income statement given them by their bookkeeper or accountant, glance at the bottom line, then file ... Continue Reading →
In an earlier blog I wrote about four income generating dental practice management tools worth exploring: Dental Warranty, Weave, Virtual Dental Office, and DDSGP. I hope you had a chance to learn more about these companies and determine whether they might benefit you, your patients, and your practice. They have certainly proven helpful for many dental practices around the country.
The list doesn’t stop ... Continue Reading →
“The garbage can or the to-read tub?” This was a regular question I asked my dentist-husband about his proliferating dental journals, articles, and newsletters. Of course, he always had the best intention of reading them all, so 9 out of 10 went to the “TO-READ” PILE. Many times our bedroom was lined layers high with multicolored plastic tubs full of the “to-read” pile. Not to mention the piles at his practice.
Yes, being married ... Continue Reading →
In my last post, I discussed five reasons why it is important to monitor your practice’s vital signs for trends, trouble, and “touchdowns.” At the end of that post, I promised to outline five more reasons you and your team should be taking at least one hour per month of your precious productive time, and using it to review the “vital signs” of your dental practice.
(Click here ... Continue Reading →
In my last blog post I talked about how important it is to care for your dental practice as you care for your patients. I specifically discussed the value of strategically scheduled Comprehensive and Periodic Exams for your practice.
Continuing this analogy, it is equally important to monitor your practice’s vital signs for trends, trouble, and “touchdowns.” This is similar to the way you monitor the vital signs of a patient ... Continue Reading →
FOCUSED, PERIODIC, COMPREHENSIVE… 0140, 0120, 0150. We are all familiar with these oral exams for our dental patients. We use them daily and know how important they are in detecting and correcting problems and disease in the oral cavity.
Have you ever thought about how they can benefit your business, too? Yes, just like your patients, your dental business can develop decay, cancers, and diseases preventing it from running smoothly, ... Continue Reading →
“Sandy, I need help! My front desk person had to leave suddenly due to a personal situation, and may not return. We are all struggling without her! I have deposits hitting my bank and have no idea to whom they belong. I can’t access my own practice’s website, email, or Facebook account. We can’t even attach x-rays to our e-claims! Can you help me?” This type ... Continue Reading →
In business school, the mantra they pounded into my head was, “exceed your customers’ (patients’) expectations every single time.” It seems obvious and a no-brainer, but it is much easier said than done. Why? Because your patient’s expectations have drastically changed and will continue to change. Today’s dental patients are very different from patients even five or ten ... Continue Reading →