Financial
Do you have stacks of statistics sitting on your desk?
Do you determine your production goals based on "gut"
intuition? The financial aspect of a dental practice
is the cornerstone of business success. Our financial
services provide clients with the framework to successfully
manage their practices.
Determining expense and production goals can be a daunting task. And when
the production goals don’t cover the bills, the first expense cut is owner’s
compensation.
We solve this dilemma by helping dentists develop a “game plan”
or Annual Forecast.
We begin by identifying the costs associated with running your practice,
as well as your personal cash flow needs.
Then, based on true expense allocations we develop the goals for doctor and
hygiene production. This method of budgeting ensures you will be able to
cover your practice and personal needs.
Managing the numbers that you get each month can be overwhelming. We’ve
developed a simple monitoring tool to help you identify the effectiveness of
the practice management systems in your practice.
Our Practice Predictors can be completed quickly and easily
from the data supplied by your practice management
software.
We use these monthly monitors to help you identify the symptoms
of the sicknesses in your systems. Practice Predictors are the practice
management tool that measure the effectiveness of change in your practice.
Then, when the action plan is implemented we measure the effectiveness
of the implementation using statistics and Practice PredictorsTM.
These provide monthly monitoring numbers that identify the symptoms
of sicknesses or weaknesses in your system and tell you exactly what
to go fix.
