The Invisible Numbers that Impact Practice Success
Article compliments of CareCredit
Most dentists measure and track key metrics in their practice, including production and collections. But there are three critical numbers that are often "invisible" to the doctor. These invisible numbers create blind spots that can impact the practice, dentist, team and patients.
Ignoring these numbers will leave the practice status quo; patients will not get any healthier, the team will not grow and the dentist's quality of life and finances will remain the same. Conversely, knowing, measuring and managing these three numbers can increase efficiency, effectiveness, team motivation and the dentist's financial peace of mind.
In my experience, dentists who implement the processes behind these invisible numbers produce, on average, $360,000 more in the first year.