Assessing the Health of Your Dental Practice

If your dental practice is entirely depending upon you to keep running smoothly and efficiently, it may not be as healthy as you’d think. If you’re the only one who can keep the place running, what happens if you become ill or need a vacation? What happens when you begin to think about retirement? In order to feel comfortable with the answers to these questions, you should assess the health of your dental practice and make any necessary changes.

Is Your Dental Practice Healthy?

Below are a few things to consider when trying to assess what your practice is doing right, and what things can be improved upon.

• Growth Rate – We know that this sounds obvious, but if your practice isn’t growing, you won’t be successful. The best way to make sure you’re continuing to be profitable is to keep a close eye on cash flow. This means being aware of what percentage of your profit goes towards staff wages, dental and office supplies, lab equipment, etc. and learn how you can manage these expenses.
• Team Members – To keep your office running smoothly, it’s vital that you have a talented team who can all work well together. In addition to hiring qualified and friendly people, it’s also important to consistently provide your staff with new training, feedback, and education.
• Efficiency – Lastly, if your office is unorganized and chaotic, mistakes are more commonly made and your patients may become frustrated. You need to ensure that your front office team, hygiene team, and billing department are all on the same page and that your schedule is being managed efficiently. Once you’ve had time to study these things, you’ll know if you need to implement any new procedures, such as online appointment scheduling, reminder phone calls, or if you need to hire any new staff members.

We know that, as a dentist, it can be difficult to view your practice as a business that needs proper marketing and organization to succeed. Here at CTC National, it’s our goal to help you reach your goals for your dental practice and get back on track! For more information, please call our office to speak with a dental consultant.