What is an “active patient”? Depending on who you ask, it can be any patient who’s been in for some kind of service in the past year or two. From my experience, it’s normally defined as a patient who’s been in within the last two years. OK then. How would you define an “inactive patient”? Using the criteria above, this…
I can’t tell you how many times I’ve heard that! We go to dental school, rack up lots of debt, open a practice, rack up lots more debt and do more and more continuing education. All for the privilege of being able to: argue with insurance companies, worry about paying the bills, struggle with cancellations and no shows, watch comprehensive…
What am I going to do? In 1992, after eleven years in my dental practice, I was asking myself this very question. My practice was in a strip mall and the supermarket moved out. The foot traffic left with it. New patients dropped to fewer than 10 per month and collections were down by 25%. Over the eleven years prior…
This article is the fifth and final installment on how to increase practice profitability and manage overhead. To view the first four parts, please go to: Managing Your Overhead and Profitability, Part I, What is Your Overhead? Managing Your Overhead and Profitability, Part II, Overhead Guidelines Managing Your Overhead and Profitability, Part III,Payroll Expense in a Dental Practice Managing Your…
By Jeffrey M. Blumberg, COO, MGE “This article is part four of a five-part series on how to increase practice profitability and manage overhead. To view the first three parts, please go to: Managing Your Overhead and Profitability, Part I, What is Your Overhead? Managing Your Overhead and Profitability, Part II, Overhead Guidelines Managing Your Overhead and Profitability, Part III,…
By Jeffrey M. Blumberg, COO, MGE This article is part three of a five-part series on how to increase practice profitability and manage overhead. Read part one here. In last week’s article, we did a basic review of overhead categories and percentages. Download your copy of the MGE Dental Overhead & Expense Sheet. We also identified the six overhead categories…
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