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Your Key to a Profitable Practice Are These Five Expense Categories
Manage episode 443393565 series 3560564
In this episode of the Less Insurance Dependence Podcast, Gary Takacs and Naren Arulrajah focus on the five major expense categories that, when managed effectively, can substantially improve a dental practice's profitability. These categories account for 85% of a practice's expenses.
They stress that effective management of these key expenses can lead to a thriving dental practice. One particular challenge is managing team wages, which have been impacted by rising inflation. However, growth can help offset these costs. By growing a practice by $100,000 annually, significant profitability gains can be achieved, especially when the practice maintains the same team and operational hours.
100 tập
Manage episode 443393565 series 3560564
In this episode of the Less Insurance Dependence Podcast, Gary Takacs and Naren Arulrajah focus on the five major expense categories that, when managed effectively, can substantially improve a dental practice's profitability. These categories account for 85% of a practice's expenses.
They stress that effective management of these key expenses can lead to a thriving dental practice. One particular challenge is managing team wages, which have been impacted by rising inflation. However, growth can help offset these costs. By growing a practice by $100,000 annually, significant profitability gains can be achieved, especially when the practice maintains the same team and operational hours.
100 tập
Tất cả các tập
×1 How Google Reviews Reduce Your Dependence on PPO Plans 19:44
1 How To Answer the Question, "Do You Take My Insurance?" from a Potential New Patient 18:29
1 Recession Proofing Your Dental Practice 20:03
1 How Are Insurance Companies Responding to Practices Going Out-of-Network 18:26
1 Improving Your Practice Without Completely Committing To Fee-for-Service 18:57
1 How Inflation and a Weak Economy are Making Fee-For-Service an Appealing Option 17:16
1 Are There Potential New Patients Who Are Not Affected by A Soft Economy? 18:50
1 Is A Hybrid Practice the Right Model for You? 20:55
1 What is a Top 1% Practice and How do you get There? 19:59
1 Staying motivated as you go out of network 19:42
1 Your Key to a Profitable Practice Are These Five Expense Categories 22:30
1 A New Patient Experience that You and Your Patients Will Love 23:46
1 Successfully Resigning from PPO Plans WILL Result in Better Work Life Balance 19:09
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