If they are not improving or growing, then NOW is the time to respond..
Dental Practice Financial health begins with Production; the codes and fees billed for
dental and hygiene procedures performed on the patients by a provider.
Collection: the deposit of monies owed for the treatment in a timely manner or via an
outside financial partner.
Profit: is what is left over after all the fixed and variable costs are paid for the
business. The 35-45% cash flow supports the owner’s lifestyle while continually adding to
maximum value for future practice and career choices.
If the COLLECTIONS are not improving or growing, then NOW is the time to respond and
identify what is causing your collections to be down.
Questions related to Production and Collections…
* When was the last time you reviewed/updated your fees?
* What feedback have you heard from patients when you adjust your fees?
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