If you want your dental practice to grow and be as efficient as it can possibly be, then you must make sure you’re tracking the right KPIs, or Key Performance Indicators. Doing so can substantially enhance your understanding of how the practice is performing, and help you identify key areas of improvement. How? By simplifying […]
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How Patient Losses Can Impact Dental Practices
Measuring the overall performance of a dental practice involves the use of certain metrics, some of the most recognized of which include production (or revenue), net income (or profits), and overheads (or expenses). But there are other metrics that are less well-known and which can provide extremely useful insights and information, that are often overlooked […]
Tax Write-Offs Every Dentist Should Know About
Dentists have many opportunities to get their hands on significant tax deductions, and with the right help, they can turn tax season into an advantageous period of the year, instead of one they dread. While running their practices, dentists incur a whole host of expenses, many of which are eligible for deductions in tax terms. […]
The Importance Of Negotiating Insurance Reimbursement Rates As A Dental Practitioner
Even if your dental practice is always busy and has many satisfied patients, there may still be a long road to travel before sustainable profitability is attained. For the majority of dental practices throughout the U.S., their financial health rests upon keeping operational costs as low as possible, while optimizing revenue. And one vital, but […]
How Quotapath Integration Transforms Your Sales Compensation Strategy
One of the most important and often most difficult parts of running a successful sales team is figuring out how to pay them. When done right, it inspires reps, brings goals into line, and helps the business grow. When it’s wrong, it leads to confusion, missed goals, and high turnover. That’s why more companies are […]
How To Leverage Dental Practice Revenue Drivers
When an activity or factor has a direct and positive impact on the income of a business, it’s known as a revenue driver. For dental practices in particular, such drivers can include the following: Volume of patients Fees and reimbursement rates Case acceptance rates Service delivery efficiency But out of all of these, insurance provider […]