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Category: Dental blog

Managing A Dental Office

This Blog was posted by Clearview Dental – your Family Dentist Milton, Ontario

Although almost 90 percent of dentists own their own practices, they often have only basic knowledge about everything from staffing their offices to marketing their services. As a result, dental practice management is often inefficient and ineffective, which negatively affects dentists professional satisfaction and profitability. Although dentists want to focus on their patients dental care, they are distressed that much of their time is spent dealing with insurance companies and business administration. While dental schools do an excellent job teaching dental students about state of the art procedures and equipment, they fall short when it comes to teaching business and communication skills. As a result, dentists often become dependent upon a business consultant to guide them in practice management. For more information click here
Management experts take a different approach. By training dentists in business technology, communications, and human resources, they are empowered to efficiently run their practices, which positively influences their bottom lines. Management experts train dentists, their office managers and staff on subjects ranging from marketing, case acceptance, organization, management, financial planning, and leadership. Collectively, an entire training program is called a power program. In a statistical study conducted, it was found that the average client starting utilizing a management program had average monthly collections of $37,000. Within three months, clients increased monthly collections by an average of 31 percent, while after two years, the average monthly collections increased by 132 percent. After five years, the average client is collecting $123,500 per month. Thats an increase of 232 percent!

Management experts can help streamline and build a dental practice. The principles and tools needed can enable a practice become a top practice. The keys to growing a practice are learning how to effectively market for fee-for-service new patients so as to stay out of HMOs and PPOs, to hire the right people to staff an office, and to learn how to communicate with patients to increase comprehensive treatment acceptance. According to the U. S. Bureau of Labor Statistics, employment growth in the field of dentistry will not outpace the average growth of other professions or industries in the coming decade. Because dentistry is not a high-growth profession, dentists must be proactive in building and streamlining their practices. In todays environment, the cornerstone is to attract fee-for-service patients and those with traditional insurance plans, and to avoid the reduced fees and time-consuming overhead that comes with being a member of an HMO or PPO.

Management experts guide dentists through the maze of business administration hurdles, human resources challenges, and communication barriers that often prevent dentists from feeling professionally fulfilled and reaping financial rewards. They are committed to providing professionals with the tools to develop sound dental practice management. Time and again, it has been found that when dentists have these tools in place, they not only feel enormous professional fulfillment, but the monetary rewards flow effortlessly.

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June 17, 2024     0 Comments