[NOTE]: This month we are offering a 4-part series on “economy proofing” your practice.. This is the first article in the series. In an ever-changing economic landscape, one of the greatest assets a dental practice can preserve is its team. During times of financial uncertainty, it’s not just patients who feel the pressure—your staff does …
Providing Stability for Your Team During Economic Uncertainty Read More »
A growing trend in the dental industry is the decrease in millennial patients seeking regular care—a shift largely driven by the absence of traditional employer-provided dental insurance. Many millennials now work in freelance or gig-economy roles, where conventional benefits are often missing. While this shift presents challenges for dental practices, it also offers an opportunity …
Millennials Skipping the Dentist Due to Lack of Insurance Read More »
Navigating the complexities of dental insurance can be one of the biggest administrative hurdles for dental practices, especially in today’s ever-evolving insurance landscape. The billing and claims process can be time-consuming, frustrating, and often riddled with complications that can disrupt cash flow and patient satisfaction. Yet, with a proactive approach and a few strategic adjustments, …
Strategies to Simplify Claims in an Assignment Office Read More »
In many dental offices, Accounts Receivable (A/R) can feel like a garden: well-tended, they remain manageable and even enjoyable. But… When neglected, they quickly become overgrown and difficult to control. A/R management is about much more than just collecting outstanding balances—it requires careful attention to various aspects of your practice’s finances. Without the right systems …
Know your bottom line. Understanding and managing the financial health of a dental practice is more crucial than ever, especially in the competitive and regulated landscape of Canadian healthcare. “Knowing your bottom line” involves a clear grasp of the practice’s financial inflows and outflows, ensuring sustainability and enabling growth. As a dental practice consultant, here …
Cash flow management is not just an essential business practice—it’s the lifeline of your dental practice. Effective control over cash flow ensures that your practice can comfortably meet its operating expenses, reinvest in its growth, and maintain financial resilience against unexpected economic fluctuations. In the dental industry, where equipment and supply costs can escalate quickly …
Cash Flow: The Second Pillar of Dental Practice Success Read More »
In the face of economic uncertainty, many patients may reconsider their spending on healthcare, including dental care. However, it’s during these times that dental practices should intensify their efforts in patient education. Effective communication about the importance of maintaining oral health, even when budgets are tight, can help patients make informed decisions that could prevent …
Prioritizing Patient Education During Economic Downturns Read More »
It’s a hot topic currently. In today’s fluctuating economic landscape, dental practices face unique challenges in maintaining and increasing treatment acceptance rates. Patients are more cautious with their spending, and dental care, unfortunately, can sometimes be seen as secondary to more immediate financial concerns. However, with the right approach, dental practices can effectively navigate these …
Navigating Treatment Acceptance in Today’s Financial Climate Read More »
Most people are never comfortable talking about their personal finances and even less so asking others to talk about theirs. Treatment Coordinators and administrators spend their days speaking with others about finances and very often they are asking people to go outside their comfort zone for fees for dentistry that the patient may or may …
We have all read the headlines and have heard the predictions that we are entering or are already in an economic slump or recession. How can we ensure that patients continue accepting Major Restorative Treatment during a slump or recession? We have all seen what has happened with the cost of goods right now, especially …
Treatment Coordination Success in Uncertain Economic Times Read More »
Everyday I see dental practices make crucial mistakes that burnout their teams and turn away patients. I’ll show you how to change all that in this guide. Download the guide – it’s FREE!
