Is there one single thing you can do to improve practice performance ASAP? Definitely. Knowing your numbers will increase practice performance. If you look at the right numbers, then you know what is happening in your practice, what is in crisis, where the opportunities are, what to improve, and how to measure that improvement. And it works almost every time.
Start with production. Production is the single most important factor in the success of a dental practice, and we encourage every dentist to set a goal of increasing practice production every year.
Don’t forget about overhead. Overhead has risen significantly in the last few years. The best strategy to offset it is to increase practice production, but first, you have to know what is happening with overhead. We recommend that general practice overhead be approximately 59%.
Dr. Roger P. Levin is CEO of Levin Group, a leading practice management and marketing consulting firm. To contact him or to join the 40,000 dental professionals who receive his Practice Production Tip of the Day, visit LevinGroup.com or email [email protected].
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