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Your Dental Practice Profitability Compass

By: admin

November 29, 2017

How much time did you spend planning your last vacation?

Did you map it out?

Or, did you just throw some clothes in a suitcase and take-off in your car headed in what you thought was the quickest path to your destination?

I bet that you took many hours to plan your last vacation and you started packing probably the week before you left.

In today’s world of technology, you pulled up your map using your mobile device and maybe you printed the directions on your laser printer.

How much time do you spent planning your day at the dental office?

Does your team have a practice profitability compass?

Your Compass

The compass we provide our clients is what you probably know as a “team huddle.”

Once you have this system in place, it should take about ten minutes to plan your day.

The entire team will audit their area of expertise.

Here are a few suggestions to organize your team huddle:

  1. Begin with the financial coordinator (Office manager or similar position) reporting on production/ collections: Monthly goal and your current month-to-date production/collections. Talk about what went well the previous day and what did not go well, etc.
  2. Scheduling coordinator reports on open holes in today schedule and in the near future. Let the team know about ER patient availability. Provide doctor with a list of new patients for him/her to call before their 1st (Yes! This is something different and you will stand out among other dentists in your community if you do this one thing!)
  3. Hygienists come to this meeting with an understanding and communicate to the team about which patients need: new medical history, Oral ID™ FMX/BWX, doctor exam, perio charting, outstanding restorative needs, family members who also need a hygiene appointment or restorative care, post-op call update (For all patients who received local anesthesia), etc.
  4. Assistants audit their schedule to share and inquire about patients with special needs, local anesthetic needed, type of impression needed, results of post-op calls from the day before, which patients have family members who need a hygiene or restorative appointment, etc.
  5. Yes, even doctor has a part in the morning team huddle. We suggest that our doctor call all new patients scheduled during the week prior to their 1st appointment. Doctor will report on the outcome of this quick call to welcome the new patient.

When everyone takes time to look at their schedule and review their patient needs as listed above, you will discover adjunctive and necessary services your scheduled patients and their family members need.

When you look at your practice profitability compass you can work together as a team to close various gaps in meeting your goals. You will also be able to serve your patients at a much higher level.

Closing the Gaps

Maybe you are still scratching your head. Some of you think meetings are a waste of time.

What I am suggesting is that everyone let the team know what is needed to make the day profitable, efficient and provides the best care for the patients.

Your morning team huddle will help navigate your day and eliminate any un-necessary bottlenecks which might occur.

This compass is what makes a day that has a smooth landing without turbulence.

 

Debbie Seidel-Bittke, RDH, BS is a dental consultant, coach, speaker and author. She is also CEO of Dental Practice Solutions. Debbie is a world-class leader in creating profitable hygiene departments. She is well-known as a former clinical assistant professor at USC in Los Angeles and a former hygiene department program director. Dentistry Today recognizes Debbie as a Leader in Dental Consulting.

Be sure to grab this free 3-part hygiene video department training, webinar on the Gingivitis Code plus flowchart on training the patient with gingivitis and Strategic Planning Session: http://www.dentalhygiene.solutions/

You can reach Dental Practice Solutions to schedule a complimentary strategic planning session by calling 949-351-8741 or you can send an email to: admin@dentalpracticesollutions.com

You can also go to the website: www.https://dentalpracticesolutions.com

Posted in Blog

Forever White™ : How to Keep Patients Coming Back!

By: admin

January 4, 2013

I recently spoke at a dental conference and asked the audience “What is one thing that your patients want more than any other procedure?” 100% of the attendees answered in harmony “WHITER TEETH!”

You may be offering patients something they never knew they really wanted so here is how to open up the conversation.

Step One
While patients are seated in the treatment room and as you are reviewing the patient medical history, ask a few simple questions. One of the questions can be something such as: “Mrs. Jones, if there is one thing you could change about your smile, what would that be?” Wait for her to answer. This is not a yes or no answer but allow the patient to think of their own answer. It must be answer that doesn’t require a “yes” or “no” but their honest opinion about their teeth. Most of us have at least one thing we would like to change about our smile or how we can look better! We are our own best and worst critic!

Another question you may want to ask is “Mr. Holmes, If I could wave a magic wand and create any wish about your teeth or smile, what would you wish for?” Now that can be a powerful question, as well as get a smile from most people you ask this question!

Asking one of these two questions or developing your own simple questions about how a patient would like to change their smile, can open the door for more cosmetic procedures. Most will want teeth whitening, Invisalign®, Six-Month Smiles®, Veneers, Ortho or even implants. Give it a try for the next month and keep account of the additional services that can come out of your dental hygiene appointments and of course new patient appointments!

Ask a few simple questions to your patients about their smile and you will create a consistent profit stream to your dental practice.

Changing Lives One Smile at a Time
As a dental professional you and your team are changing lives. You are able to truly change the way people feel every day about themselves.

“White teeth is one of the first things people notice about a persons appearance. You have the valuable expertise to not only change how long and healthy your patients live but also how beautiful their smile is. A smile can affect their day to day life in a positive way!”

Men and women of all ages throughout the world are now opting for teeth whitening to improve their smile.

Many patients today are still clueless about the variety of various products and this is why it is very important to educate your patients on the variety of whitening products and procedures you have available to patients in your office.

Keep Them Coming Back for More
For several years, dental offices have seen a decline in New Patient numbers. I see advertisements through social living sites and Google Ads; dentists are spending thousands of dollars in advertising for new patients.

I would never say not to advertise to increase New Patient numbers, but I know there are two ways to get production numbers up as well as New Patient numbers.

If you advertise for New Patients, I suggest that you include teeth whitening in the New Patient fee. (YES! At no charge) You can easily and cost-effectively offer free whitening in your dental office and every six months when the patient returns offer them a free whitening syringe. There is a simple way to deliver this without losing money but gaining patient loyalty and also referrals from your patients. You will gain more attention with your ad if you include the whitening in the New Patient appointment.

The thought here is “give patients something they really want” and use whitening as an incentive for keeping their regularly scheduled hygiene appointments.

There are many patient loyalty programs available to dental practices but they have a hefty monthly fee to participate. Forever White™ is a Premium Patient Incentive Program that has no monthly enrollment fee for the dental practice. Forever White™ is a system for dentists to use and create other income streams.

Forever White™ is a premium patient incentive program dentists can market and brand as their own. View it as a private label program that the dentist can offer their patients, that they can’t get just anywhere. The office will be using the same quality premium whitening gel but at half the price. This means the dentist keeps their patients and more money stays in the dental practice.
It also can used to reactivate those overdue patients and helps to gain patient loyalty. A series of calls and letters are sent to the patients explaining the premium whitening program. The best part of this type of program is that whitening only costs the dentist a few dollars (Pounds, EURO) to use because of the special pricing offered to dentists worldwide.

Why Does This Concept Work Well?
One of the reasons this concept works so well is because patients feel like a VIP when they are given the special treatment. Patients will respond kindly when you give them what they want. People feel much better about themselves when they see a beautiful smile. This is what will give you a competitive edge over other dental offices down the street or even a few miles away.

This is also a fantastic tool to get a “YES!” from patients to continue with further restorative needs. The whitening is only the tip of the iceberg.
Not only do your patients have a reason to smile, they have a great reason to continue returning to your office and you will also smile when your bank account grows over your 2012 balance!

Need more information about how to order? Send us an email: support@dentalpracticesolutions.com or call us: 503-970-1122

Toll-free: 888-816-1511

Please note:

* There is no monthly membership charge. You are only charged the wholesale price for the whitening gel. We provide the materials at no additional cost to you so you can reactivate, retrain your patients why their hygiene appointment is so important and your will retain your patients for life! We coach and guide you to utilize whitening most successfully.

Our product has a 100% guarantee! If you are not satisfied send it back. We’ll return your money paid for the product. That is how confident we are you will love Forever White™!

Posted in Uncategorized

Important Points to Understand and Increase Your Net Production

By: admin

October 20, 2012

Most Dentists today tell me their primary concern is to increase New Patient numbers. Do you know how much it costs you to market and then capture a new patient? What is the cost to you if you can reactivate a current patient of record?

Many dental offices are eager to spend money on external marketing efforts to capture new patients when in fact they are cutting back on dollars spent on building patient loyalty and getting patients back to the office. What makes you think that a new patient will be better than a patient you have not seen in the past year?

If you have limited dollars in your practice today, the best way to spend any money to raise patient numbers is spend any money available on your existing patient base. How much does it cost you to lose an employee? This is the same when you lose a patient of record. A lot of time and money is lost!

 Benefits of Retaining Patients

 Increasing your patient retention numbers will boost your profits and minimize other costs such as marketing for new patients.

Not only does retaining your current patients boost your profits just by having then visit the hygienist on a regular basis but imagine the dollars the current patients will spend when you offer various services such as:

  • Oral Cancer Screening technology/tests
  • CAMBRA (Caries Management by Risk Assessment)
  • Non-surgical periodontal services, adjuncts, lasers, etc.
  • Same-day services (Such as Whitening, fluoride, night guards, etc.)
  • Home-care products
  • Cosmetic dentistry
  • Implants
  • Six-month Smiles, Invisalign
  • Etc.

Your long term patients most likely have a great rapport with you and the team. Their trust factor is high. They are most likely to accept your treatment recommendations.

Do you know the average money spent from your current patients per visit? The longer the history for the patient of record the more comfortable they will be spending money in your office.

Statistics tell us that in dentistry we have a 70% chance that our patients will accept treatment but only 20-25% of patients schedule an appointment to complete treatment and pay for this.

The average dental practice loses 10-15% of their patient base annually due to patients moving, dying or just because they changed insurance providers. This means that if you have an active patient base of 1500 patients you will lose 150-180 patients annually. During this current economic climate case acceptance in general is low and with many practices gaining less than 20 New Patients per month, your revenue is very low!

The company New Patients, Inc. did a study in 2003 and found that the lifetime value of a patient is $1,502.27. When you adjust the rate of inflation you have a lifetime value of at least $2,000.00, as of 2011.

You can estimate the loss of value with the inactive patients by multiplying the total number of inactive patients by $2,000.00 –the current lifetime value of your patient.

Imagine that if you lose just 150 patients in 2012, your lost revenues will equal $300,000.00. Now that can hurt!

But let’s get to the bottom of this challenge and create solutions.

1. Count the active patients in the practice
a. This is the # of patients who have been to the office in the past 12 months
b. Not a surprise when you see this # is different that the number of patients in your database
c. Review these numbers each month at the team meeting and
d. Create systems to grow your patient post

2. Survey your patients
a. Ask patients about their recent visit
b. Did you meet their expectations?
i. Did they enjoy their experience?
ii. Did they have to wait?
iii. Do they feel comfortable referring their friends and family?
iv. Do they have frustrations? Any challenges?
v. Are there services they wish to have but you did not offer?
c. You can use www.surveymonkey and email to those patients who informed you that it is ok to contact them by email.
d. Offer a gift, something of value from your office, in return for their response
e. Once you have 75-100 responses discuss these at your next team meeting
i. Any frustrated patients or needs you have not met, be sure to correct these and let the patients know you have addressed their frustration or need

3. Create a WOW experience. One like no other office in your area!
Many patients will come to your office because of your fees but there will be many who come to your office because of the team, their personal relationship and the specific culture of your dental office.

Each patient is different. Their needs vary and so do their personalities. Make sure that everyone on the team is able to effectively communicate with the various personality types. You can go here to update your skills and assessment of personality types: http://www.humanmetrics.com/cgi-win/JTypes2.asp

Treat your patients with honesty. If you say you will call them back, call them back at the time promised. If the fees change explain why and show them where this was projected to change. Be sincere in everything you do, say and stand for.

This is how you will continue to keep their trust and remain credible.

When you know your patients expectations and over deliver you will have them at WOW and create raving fans!

Meet with you team and discuss one thing that you can do now to create more fans and WOW them even more.

4. Communicate
a. Your website is a great place to communicate with current and New Patients
b. Does your website have an area to submit questions?
c. Do you use social media to keep patients up-to-date with happenings in your office?
d. How will you communicate special offers to your patients?
i. And/or New Services?
e. Email patients and/or post on social media about courses you and the team are completing
f. Post and communicate about any changes in the office
i. New employees
ii. New equipment, chairs, services, etc
iii. Tell them interesting health facts
g. Find various communication methods to keep patients in the loop between their dental appointments
i. Social media
ii.Newsletters
iii. Email
iv. Educate, educate, educate
v. Etc.

5. Reactivation tips
a. Call patients who cancel an appointment and don’t reschedule within the next 48 hrs
i. Ask when they cancel and don’t reschedule if you can call them to reschedule at X date at Y time
ii.Make a point to call and reschedule at this scheduled time!
b. Plan to have a reactivation system in place and use this every 3 months to send post cards, various letters at specific times, etc.
i. Just like collections: the longer the person owes money, the less likely you will receive payment
* Same thing with reactivating patients – don’t delay the process!
ii. Run reports to reactivate overdue patients every month and send the various letters approximately every 90 days
iii. Add the date of last appointment
iv. Make the letter directly from the doctor showing concern
v. Follow up with a  live phone call from the team when there is no response to the letter
* Goal of call is to schedule the patient

The key factor to the success of every dental practice is reactivating patients. If your patients can experience a sense of loyalty you will experience higher profits and practice growth. You need to implement a strong reactivation system to prevent the loss of 10% or higher in your patient base.

Reactivation of patients can be complex but in the long run this will cost you less money than finding a new patient to replace a lost patient. Imgaine if you can cut back to losing 50 patients this year vs. 150 patients. This is worth it’s weight in gold!

Posted in Business, Marketing

Your Comprehensive Treatment Plan Part II: “Get Them to Say YES!”

By: admin

October 13, 2012

In part I of Your Comprehensive Treatment Plan we discussed the necessary fact that you need to build trust in your patients and understand their needs. It is also very important to understand their personality style before presenting treatment.

Case presentation is complex and involves numerous steps to get patients to say “YES”. These steps are:

  1. Coordination of the New Patient exam
  2. Communication to their patient of their needs
  3. Present the big picture
  4. Offer flexible financing

Continue reading “Your Comprehensive Treatment Plan Part II: “Get Them to Say YES!”” »

Posted in Business

Your Comprehensive Treatment Plan: Patient Case Acceptance

By: admin

October 6, 2012

Every dental practice wants their patients to accept comprehensive treatment. Research states that at most, 25% of patients in a dental practice accept their treatment plan, and schedule an appointment.

What are some of the factors that will affect their decision? How can you change your current treatment plan case acceptance to be at 70% or higher?

Many factors play into your patients decision to accept and schedule treatment in your office. One of the most important factors that will get your patients to say “Yes” to case acceptance and schedule the appointment(s) is trust.

When patients feel good about your office, when the know they can entrust the care of their health to your dental office, it is because they trust you and now they are more likely to schedule for necessary treatment. You will find these are the patients who return for their appointments year after year, they are the people who trust you and the entire team. Your patients want to know and feel, deep inside, that you really care about them! How can you show a new patient that you really care about them and not just their pocket book?

Once patients trust you, they feel a sense of commitment and they are the patients who return for their appointments, no matter what is happening in their economy. These are also the patients most likely to make payment in full.

“It’s Complicated”

Case acceptance is a complex issue and requires a team approach. All decision making involves the understanding of human behavior.

Let’s break down case acceptance into 4 steps:

1. Developing a foundation for trust to occur

2. Understand your patients’ needs and their personality type

3. Effective communication

•           Be able to explain the why, what, how, etc.

4. Offer flexible financial arrangements

This month we will only discuss steps 1 and 2.

 

Step 1: Developing a Foundation for Trust to Occur

The first step to have patients accept your diagnosed/recommended treatment, and returning indefinitely for their appointments, is to gain trust. Trust is instinctive.

If patients have not established a trusting relationship they are not going to accept comprehensive treatment and they are less likely to become a long-term patient.

Building trust starts before patients even walk through the door of your office.  As you are reading this right now, millions of people are on the internet and hundreds of thousands are on the internet now, searching for a dentist.

When a patient lands on your website their mind begins the trust building factor. It continues when they first call your office and then as a patient in your office, your words and the manner in with you say your words build their ultimate trust or distrust.

The Important Trust Building Factors

When someone visits your website for the first time, they will want to easily find the information they came looking for. This may be a list of the services you provide, special programs you offer, insurance accepted, how they can schedule an appointment. Can a patient request an appointment through your website? Do you have photos of your beautiful cosmetic dentistry? Do you have photos of your team and a bio that talks about employee interests and their areas of expertise?

When a potential patient calls your office, will the person who answers your phone be friendly? Will they say their name? Imagine the first phone call as a phone call with your future spouse. If you don’t like the first conversation what are the chances you will be calling back to schedule a date?

People instinctively look for a specific comfort level when they are interacting with someone on the phone. The first person to speak with a caller must be courteous and reassuring. Understand the exact language and tone of the caller and mirror this during the phone conversations. This will put the caller at ease. Be able to give an answer to their questions whether it be financial or insurance driven.

How complicated is it to make an appointment in your office? Are people calling immediately put on hold? Can people visting your website make a request to schedule an appointment?

Many issues are important to discuss before a patient comes to your office but try to make the first call simple, succinct and one that is helpful to the patient. Try to not ask too many questions over the phone so you don’t complicate the process

What occurs during the patient’s first treatment appointment?

The first appointment when the patient is in your treatment room is when they will assess your “chair side manner,” your concern for their comfort, and how gentle you are during treatment.

Trust requires that the dentist and team keep their word. If the patient was quoted a fee, this fee can not change unless there is a change in the treatment plan and at this point, you will need to stop the procedure and explain the change. (The what and why, etc.) If your new patients and/or patients of record, expect to see a particular dentist or auxiliary, (RDH, etc.) they must be appointed with this dentist or auxiliary. If you tell a patient you will call them back within the hour, or the next day, they must receive this phone call.

Each time a patient visits your office for a scheduled appointment, they gain further confidence in your dental practice.

Step 2: Patient Priorities and Personality

The second step is to understand your patients’ needs, their priorities and their financial situation. To understand this means that you perceive what goes on inside their thought process. It will be helpful if you can identify the various personality traits of each individual patient and communicate effectively using these tools to help you understand the who, what and how, (etc.) they “see life”, through their own pair of glasses.

Depending upon the level of care and expense of the patients treatment plan, you may want to bring the patient back for a separate appointment to privately discuss in a consultant room or a private area. Always discuss treatment plans with patients, in a confidential area and without anyone feeling rushed or being interrupted.

A persons behavior patterns affect how they make a decision. Learning to understand these various personality types can result in positive communication, which results in building trust with the patient, retaining patients long-term and increased profits in your practice.

There are many different personality tests to evaluate personalities, how to respond and interact with each type. For this blog we will refer to the Meyers-Briggs Type Indicator® (MBTI) personality inventory. (http://www.personalitypathways.com/type_inventory.html) The MBTI uses factors such as introversion/extroversion, sensing/intuition, thinking/feeling, and judgment/perception to identify the various personality types. Every dental office needs a simple system that enables you to effectively communicate with your patients, as much as possible, to predict patient behaviors. The system that you choose to use must take into account not only patient behavior but also priorities and financial considerations.

The MBTI categorizes personalities into various types as mentioned above. You can take your own personality test and share with the entire team. It can make for a great team meeting and is a great resource to building a successful team. Here is where you can begin practicing how to get to know other people’s personality type and understand how they make decisions. Try it out within your team now! http://www.personalitypathways.com

When you can easily identify your patient’s personality type and learn how to communicate within their comfort level, you will turn objections into opportunities and create a huge TRUST factor with your patients! This is also a great way to build teamwork within your office! Try using this within the team.

At this point it is important to understand that having a specific methodology for case presentation is critical for your success and the best outcome of your patient(s).

When the entire team understands the process of getting your patients to “YES” for comprehensive treatment, you will begin building trust before a patient ever steps foot inside your office.

If your efforts are a desire to be helpful, reassuring, caring and understanding of your various patient personalities, and their mind-set. If you can eliminate their fears as well, your rate of success for comprehensive care will soar and your profits will take a LEAP– UP! Getting to “Yes” requires a commitment from the entire team which will benefit everyone!

Next week Part 2 will continue with this topic.

Do you want more of this? Be sure to check back in the next 30 days for the release of our 12 week program dedicated to CO-munnication to Increase Comprehensive Treatment.

Sign up for our weekly newsletter to be the 1st to know when this is released!

Posted in Business

Case Acceptance Life to Your Practice and Profits

By: admin

September 29, 2012

Through many years of surveying dental practices we have learned that 20-25% of your patients schedule their necessary treatment. We also know that if dental professionals are educated in effective communication and learn how to talk about value and benefits to patients, their case acceptance rate will jump to 70%.

One huge factor that will affect case acceptance is trust from your patients. Where does this trust begin? You guessed it! It begins before a patient even walks into your dental office. Right now, as you are reading this, millions of people are also on the internet. This is how most people will find a dentist in today’s world. That being said, people will find your office via your website.

Your Social Edge

Yes, you know that most people spend hours on the internet each day and most people find their dentist via their website. Now I need to ask you: “What does your website say about you?” I also want to ask “Do you show off photos of your beautiful dentistry and do you have photos of your employees with a bio of everyone who works in the office?” Do you offer Invisalign® or Six Month Smiles®? Show off your expertise on your website and begin the relationship here.

Yes! Get personal. Be real! Let people learn as much as possible before they even pick up the phone to make their first inquiry about your office. This is where you begin to build trust!

Mindset

Is your mindset” Insurance” or is it “Fee-for-service”? Is your practice philosophy all about what is best for your patient? Whether you answered yes or no, how can you educate your patients about insurance dictation and insurance provdership? The delivery mechanism in your office can’t be driven by what the insurance company will pay. 80% of all dental offices only offer patients “what their insurance will pay.”

What you say to your patient in approximately 4 minutes will build patients trust. This begins in the hygiene treatment room.

We are the experts. We know that without optimal oral health the overall body can’t be 100% healthy.

Try sitting your patient upright in the chair and communicate the true value of preventive care. Share the science and research when asked for this. Patients usually find a way to live a healthy and longer life. They will also pay for exactly what they want. Tell them they can have a beautiful smile, live longer and be healthier and the majority of people will find a way to pay for this! Who doesn’t want to look their best PLUS live a longer life when they are healthy!

Hygiene Tips

  1. Hire a hygienist!

    Many dentists today are trying to save their way to prosperity by doing the soft tissue management and preventive services themselves. Build your hygiene department so you can free up your time for restorative procedures and explain treatment plans with your patients to increase case acceptance.

    When the dentist is free to spend valuable time providing cosmetic and restorative dentistry, the hygienist can focus on patient retention and continuing care. This helps to stop chasing after patients to schedule their hygiene appointments when you pre-schedule at least 98% of all hygiene appointments.

  2. FMX every 5 yrs. (at least) This is one more profit Center for your practice and patients need it
    1. Schedule more time either in the hygiene appointment of with your assistant
    2. Schedule time for a comprehensive exam –allowing time to diagnose more dentistry
  3. Repeat the findings before the patient leave the treatment room
    1. Use the intraoral camera
    2. Bring patients up to YOUR Level

         i. Don’t dumb it down

         ii. Educate your patients to be at your level

         iii. Show them the bleeding gums and tell them “This can cause irreversible damage to your gum and the bone that supports them.”

            1. “Gum recession and these areas of abfractions, in your mouth here (Show them on their intraoral photos) can decay so we recommend that each night you use a sodium fluoride and each hygiene appointment I will brush on a fluoride varnish.”

         iv. Open new doors, avenues for cosmetic and restorative dentistry to be provided

    Conclusion

    • It’s time to give patients what they really need not only what their insurance will pay for!
    • Always educate your patients regarding your services, your hygiene preventive services and products available in your office to prevent disease
    • Deepen your relationships with your current patients of record.

    Every one of us has the ability to be a leader. Lead your patients in the right direction to complete the necessary treatment. They are worth knowing what is the very best for them!

     

    “Leadership is communicating to people their worth and potential so clearly that they come to see it in themselves. “

    Stephen Covey, the 8th habit

Posted in Business

Dental Marketing: Your Economic Game Changer

By: admin

September 14, 2012

Just last week I completed my first ever 2 Day Telesummit. We heard from 7 Dental Experts—Luminaires in our world of dentistry!

Linda Miles started off Day 2 of the telesummit by stating that, “Recession is a state of mind!” This is so true –in life—in general. Linda also went on to say “It’s a RECESSION if it’s around you….it’s a DEPRESSION if you choose to wallow in it!” Smart business owners think positive, talk positive and refuse to talk about how bad things are. I couldn’t agree with her more! How we think and the words that come out of our mouth-will ultimately create our future.

So, why dental marketing? Why can the way you market your dental practice be a game changer during these challenging economic times? Continue reading “Dental Marketing: Your Economic Game Changer” »

Posted in Marketing

Mid- Year Financial Report. Where Do You Stand Today?

By: admin

July 27, 2012

We are half way through 2012! Hard to believe I know! Are you on track with your financial goals for this year?

Maybe you are questioning, what financial goals?! And maybe you answered “Yes, I have already reviewed my numbers and I know exactly how I compare to last year!” Or maybe you answered, “How can I be expected to review financial goals when I am at the office all day and working on patients?!”

No matter how you responded to this question, you will appreciate the sensible steps about how to improve your financials and proven steps to success.

No matter which of the above listed groups you fall into, I have outlined a few steps for you to hit your financial goals this year. In fact why not plan to add an increase to your numbers without adding more stress or time to your day?!

  1. First step  is to run your YTD  income and expense statements
  2. Run your software reports; year to date (Dentrix has the ability to run previous year so you can compare)
  3. Compare your current performance YTD report  to your previous YTD report
  4. Identify opportunities and challenges to achieve End of Year goals
    a. Develop processes to achieve Year End goals
  5. Schedule team meeting to promote collaboration
    a. Ask your team to problem solve and assist in development of solutions
  6. During last quarter schedule team meeting and repeat above steps

There are many ways to increase your income. Some dentists will increase fees although during this economic climate this can create more challenges and you may lose many patients. Other dentists will choose to lower employee salaries or cut back hygiene hours and days.

If you want your revenue to improve you need to look at all the details of your profit and loss statement. It is not as easy as increasing fees nor cutting salaries and days of hygiene. Many dental practices have numerous cancellations but are making more money seeing fewer patients and working less days. One way to identify increased production is to provide more preventive services. Many of the clients of Dental Practice Solutions have implemented the preventive services through valuable communication skills. This has benefited the patients overall health and the financial health of the practice’s although an economic decline occurs in our world today.

Here are the steps to take:

  1. Run Your Profit and Loss Statement

Run your profit and loss report which will provide an overview of your current financial picture. This is where you can compare employee salaries, leases, equipment, etc., etc. This provides a black and white report providing a true financial picture YTD. Run this statement From Jan 1, 2011 – June 30, 2011 and compare to Jan 1, 2012 – June 30, 2012. When you look at these two years and compare, now you have a better idea of where your last half of year goals truly need to be to accomplish your Year End goals.

  1. Run Your Half Year Software Reports

Many of Dental Practice Solutions clients use DENTRIX software. If you use Dentrix you will go to Office Manager and select Practice Analysis. Now you can run a detailed production report for each provider in your practice. This will allow you to analyze the procedures, who has provided the various procedures, how many and the amount of production from these procedures they have provided for the practice. Once you have this information you can analyze the trends and discuss with the team at the team meeting you have scheduled at half year meeting and again at the end of year team meeting. This is a great time to discover how many of the procedures you most desire providing patients, have been completed. If you enjoy providing veneers or implants, now is a great time to assess how many you have provided and what you may need to change (Are you communication skills effective?  Or do you need to review other third party payer information for patients to use and easily pay for treatment?)

  1.  Compare your Current Performance YTD Report  to Your Previous YTD Report

Be sure to use these benchmarks: Collections should be at 98% or >, Employee expenses 22-33%, Lab expenses 8-12%, Marketing 1-3%, Facility expenses 4-8%, Minor expenses 6-10%, General expenses 6-10%. The total expenses should be no higher than 75%.

Once you have a spreadsheet (Excel) designed with these expenses listed out, total the amounts spent and compare to your total collections. This is how you will calculate the % you have spent for each of these areas to run your dental practice. Now you can use your P&L to discover if you are on track to accomplish your financial goals. Which areas do you need to adjust and prepare a system to improve these areas that need adjustment?

  1. Identify Opportunities and Challenges to Achieve End of Year Goals

In reviewing one of our clients (Became our clients Jan 2012) financials mid-year we discovered that her employee salaries are 50% higher than one year ago. It is now time to sit down to discuss why this happened and how to get on track to accomplish the year end goals. Possibly, you have moved to a new location or you have taken out a loan in the past year. If you lease expense (Facility expense) is now 10% instead of 8%, you will need to adjust your goals for the year end and discuss a way to close the gap for the year end goal to be met. Maybe your collections are down this year. It is time to create a new system to increase collections. If insurance payments are behind you may want to discuss using the collection services of Trojan Professional Dental Services.

We teach our clients how to implement preventive and same day services. These have proven to be great ways to improve patients’ health, add value to your services, WOW patients and improve the financial health of your practice.

Our offices have also implemented team bonuses based upon the bonus system. This provides improved team collaboration and definitely improved team spirit!

  1. Schedule team meeting to promote collaboration

As a team these changes will be much easier to implement. Plan a half day or even full day, off-site and have everyone on the team come with ideas to create change. Have a time for them to express their challenges and concerns. Ask everyone to provide ideas for success.

At the end of year, it is a great time to not only have a Holiday Party but a time to go outside of the office for a Success Celebration and also a time to plan out the next year’s success. Each year plan to have 2 major team meetings. These need to be at least 4 hours in length and it can be a great idea to add some fun to a meeting which can be thought of as boring or monotonous

  1. Schedule Your End of Year Team Meeting and Repeat All of the Above

Plan a time in November and December to sit down as a team and plan for a great year in 2013. What do you need to change or continue for added success in 2013? This is a great time to CELEBRATE your success in 2012!

At the end of year in 2012 and every year to come, run these reports and repeat the steps outlined above. This is how you will run a financially success dental practice. Two times each year you will follow these steps and sit down as a team to collaborate your plan for success. If you do not take time to plan than you have planned to fail. There is no other way to put it so plan now for your future success!

Posted in News

“7 Keys to Reactivate and Retain Your Patients PLUS Increase Your Practice Profits”

By: admin

June 29, 2012

Attracting a new patient can cost five times as much as maintaining a relationship with an existing patient. Implementing this Continuing C.A.R.E. System will help you retain valuable patients and keep them returning – on a regular basis – for essential dental hygiene and preventive care appointments.

Investing in a patient retention strategy such as this Continuing C.A.R.E. System will keep your profits consistent and decrease the amount of time and money spent on advertising for new patients. Never assume that an overdue patient won’t return to your practice. Many times, patients appreciate your efforts to reconnect with them. When patients know they matter to you, their loyalty to your dental practice will grow. The Continuing C.A.R.E. System consists of four concepts rooted in effective communication: Consistent Communication, Advanced Scheduling, Reasonable Payment Options, and Efficient Planning. Combined, these steps will help motivate inactive patients and revitalize your dental practice.

Rule One: Consistent Communication

Establishing a system of connecting with your patients is essential to building and maintaining relationships.

Rule Two: Advanced Scheduling

Make every attempt to schedule the next dental hygiene appointment at the end of each dental hygiene preventive appointment.

Rule Three: Reasonable Payment Options

It is possible that many of your patients today are experiencing financial challenges and educating them about your dental practice’s flexible payment options is essential to bringing them back for regular preventive care appointments.

Rule Four: Effective Planning

Create a plan outlining daily or weekly responsibilities with the end goal of contacting inactive patients and scheduling appointments.

THE 7 KEYS TO  Reactivate and Retain Your Patients. Show You C.A.R.E. !

  1. Follow up with patients by phone as soon as possible to schedule their next visit.
  2. If there is no response to a phone call, send the first letter.
  3. Send the second letter if patients do not schedule within 6 months – if not sooner.
  4. Send the third letter with a SASE so patients can easily communicate why they are not responding the phone calls and/or letters.
  5. Please note: Many patients may desire emails or text messages instead of a phone call or in addition to phone calls. Contact patients using their preferred method of communication. With an appointment is still unscheduled always follow up with a letter.
  6. After 18 months of follow up calls, letters, emails and/or text messages without a response, this patient should now be considered inactive.
  7. New patients are the lifeline of your dental practice but keeping the old is much easier and more cost effective than brining in the new! “One is silver and the other is gold!” Effective communication and this Continuing CARE Plan will keep your schedule full!

If you liked some or all of these tips please be sure to check out our eBook with all the scripts, templates and all of the work done for you. All you have to do is follow the step by step plan created just for you!   Grab it Here:

 

Posted in News

6 Steps to Creating a Profitable Dental Hygiene Department

By: admin

June 14, 2012

For many years the dental hygiene department has been known as a loss leader. We live in a new era of dentistry. If you have specific systems in place you will add value to your patient services, increase case acceptance and increase your dental business profits.  Here is a 6 step process to streamline this process and increase your profits.

For many years the dental hygiene department has been thought of as a loss leader. Furthermore, many dental professionals believe they must see more patients each day and complete more procedures during a patient appointment to become more profitable. Perhaps, if you are a dental hygienist, when you hear the phrase, “Increase profits,” you cringe and think of working longer hours.

The good news: This doesn’t have to be the case for you! But why are some hygiene departments more profitable than others? We’ll tell you why and share the secrets to success in 6 steps. Times have changed, and the business of dental hygiene can mean profits for the entire dental team. When the correct systems are in place, a day in the dental office will feel less like a migraine and more like a mission accomplished

1. Understand the Importance of the Hygienist’s Role

Hygienists play a huge role in the growth of a dental practice today. In fact, the hygiene department should be the second-largest profit center in the dental practice. Think of the dental hygienist as an ambassador for the dental practice. Indeed, the hygienist is in a very unique position, spending a large majority of one-on-one time with patients in the chair. The hygienist is first in line to present the risks and benefits of preventive and aesthetic dental treatments. The dental hygienist can, thus, set the stage to help patients accept treatment plans, large and small.

Furthermore, when a hygienist sees the same patients multiple times a year, he or she has a chance to develop personal relationships with these patients — and this means building more trust. This added trust will, then, make patients more likely to listen to the hygienist’s treatment plan suggestions and more likely to ask the hygienist for help in their decision-making process.

Examples of where a hygienist can — and should — get involved with suggestions and decision-making include: • Choosing the best restorative options • Deciding upon various cosmetic/aesthetic procedures • Understanding preventive products, such as power toothbrushes and knowing which one is best for them • Choosing which mouth rinse to buy and what toothpaste is best suited for their oral condition.

2. Foster Daily Teamwork

All successful businesses begin with a collaborative team. Even the vocabulary the world’s most successful businesses use will describe their employees and show the companies’ high regard for teamwork. Wal-mart employees are known as associates. When you’re a guest at the Ritz Carlton, employees and guests are known as, “ladies and gentlemen, serving ladies and gentlemen.”

And there’s no reason your dental office can’t emanate (and profit from) these very same values. For starters, everyone should be on the same page. Each member of the dental team needs to be enthusiastic and well-versed in discussing the benefits of preventive and aesthetic dentistry. Also, the doctor and the auxiliaries must share a practice vision and philosophy for patient care. That’s where dental professionals can make a difference. Expert dental coaches can analyze your dental office’s highest potential and create a custom, step-by-step plan that capitalizes on your practice vision and brings you more success than you thought possible.

Meanwhile, start with a morning team huddle to get your team on the same page, and if you don’t already, plan monthly team meetings to provide a time for collaboration and exploration of new ideas and systematic processes. This is where the right hand learns what the left hand needs to do, so to speak. Then, your team will have the ability to be in complete harmony… which leads to higher profitability. Taking time during team meetings to set the backdrop for a seamless day at the office creates added value to the patient services — and the team doesn’t feel dead at the end of the day.

Let’s not forget the value of dental team-to-patient teamwork. When the dental team takes time to review its patient communication skills and the team understands how to communicate the science behind the art of dentistry, patients see the opportunity (and importance of) optimal health. This is when it becomes a winning situation for the patient and the dental practice. See a trend here? If you can build a relationship where the patient looks to the hygienist as a trusted advisor, patients are more willing to agree to an optimal plan of care — which means better health for them. And remember: happy patients refer other patients to your office. It’s a win-win situation.

3. Move Beyond the Prophy A critical item to discuss in your team meetings is changing your practice’s treatment approach paradigm. Many dental practices in this new era of preventive dentistry face challenges moving from the Prophy to treating the patient’s total health. Many dental hygienists today still feel pressure to complete the cleaning when, in fact, the most important service they can provide is education and a treatment plan to reverse the disease process.

Diagnosing and treating based on what insurance will cover or based on what the patient wants, instead of what the patient’s needs, helps neither your patient nor your practice.

So here’s another example that demonstrates the value of your dental hygiene department: When the hygienists regularly move beyond the Prophy, they add value to the patient’s services. Most patients see their dental hygienist more often than their physicians. And when you begin offering a variety of services, such as blood pressure screenings, oral cancer exams, fluoride treatments, xylitol products, periodontal exams, smile analyses, etc., you increase the value of your services — and your patients start to see amazing potential to improving their overall health just by visiting the dentist. Plus, many of these services incur a small fee, adding to the profits of the dental hygiene department.

Afraid you’ll scare your patients away if you go beyond the Prophy and present a treatment plan that’s in their best interest? You won’t, if you show patients you’re on their side. You can’t go wrong with stating the facts. Always present the scientific evidence to support your findings. Then, show patients their options, along with the risks and benefits of completing and not completing treatment. It is when you discuss the science and your expert knowledge of oral health that you add value to your services. The increase in profitability will come alongside when patients sit up, listen, and then take action to treat their disease.

4. Tap Into The Recare System Gold Mine

Remember that myth we busted at the beginning of this blog, that you don’t need to pack in extra patients each day to build profit? If you’re still wondering how this works, the answer is in your practice’s recare system — with your hygiene department at the helm.

Imagine the hygiene department as an energy cell and the recare systems the mitochondria of the dental practice. When a well-developed system is in place, your practice will experience increased profits. The key is in pre-scheduling. That is, before the patient leaves the hygiene room, the hygienist or hygiene assistant schedules the patient’s next appointment. The hygiene department has the best auxiliary to schedule the next appointment because they intimately understand the patient’s needs and desires for the next appointment and the necessary procedure to schedule. This is your ticket to success: You must have close to 95% of your hygiene patients leave with their next appointments already scheduled. And you should know the barriers and patient objections which may occur ahead of time so you can plan accordingly in your team meetings.

For example, many times patients will not know what they are doing in two weeks, and especially they may not know their schedule in 4 or 6 months. So, the hygienist and the hygiene team need a plan of action to communicate with patients who may object to scheduling a next hygiene appointment. Short on ideas? Try this: Take time during a team meeting to role play, and create a plan of action for various types of objections patients have toward scheduling a next appointment. Also, keep in mind that so many people these days carry smart phones and PDAs with their calendars, so a patient with a device like this can easily check his or her schedule and add to it instantly.

One dental practice our team of experts worked with originally had 75% of their hygiene patients leave the hygiene appointment without scheduling a next appointment. With help and guidance, the team has taken on a new attitude. Here is an example of a patient dialogue after the team changed the way it communicated and viewed the appointment schedule.

Kris (Hygiene Assistant): “Beth, I understand that you travel a lot, and I want to make certain that you return in three months for your regular maintenance appointment. Today, I found a few areas that are bleeding, and I am concerned that if you call us to schedule you next hygiene appointment, we won’t be able to accommodate your schedule. I want to suggest that you make your next hygiene appointment today so we can attempt to accommodate your busy travel schedule. If you find you can’t make this appointment, then you are welcome to call us a month before the appointment to reschedule. I know you prefer to come later in the day, and we have so many patients who want this time of day, that it is best for you to schedule this appointment today and only change if you find there is a conflict.”

Beth (Patient): “Mary, I understand what you are saying. I am a procrastinator, and I can see how waiting to make my next appointment can most likely create more problems in my mouth. I really do not like hearing my gums are bleeding, and I believe that I can rearrange any travel plans or change my work schedule so I don’t have to change this appointment. From what I heard today about my mouth, I really want to take better care of my teeth and gums. I never knew how important the gums are to my overall health.

Kris: “Beth, I am so happy that you understand how important your oral health is to your overall health. We can see you on Tuesday November 12th at 3:30pm. Will this time work for you?” Beth: “I’m looking at my calendar, and I don’t see any conflict with this date or time so let’s schedule it!” Notice how this type of communication between the patient and hygiene auxiliary allowed the patient to be in control. Beth felt involved in the process of scheduling her next appointment. Beth took responsibility for her health, and she was an active participant in the conversation.

This dental team also has changed to a blocked or tiered schedule which can better accommodate new patient appointments, alongside the preventive care appointments, periodontal maintenance appointments, and scaling and root planing appointments, etc. Not all patients are seen at the same interval of time, but the office can accommodate patients in a timely manner with this type of scheduling system.

5. Improve Cancellation Rates

Scheduling the recare appointment is only half the battle, though. The recare appointment is the most canceled and failed appointment on the dental schedule. And one cancellation per day in the hygiene department will lead to what is called a loss leader. This means a loss in the hygiene and doctor productivity. Many offices experience a cancellation and patient appointment failure rate of 25%. But this need not occur when you use the strategies we suggest. In fact, a realistic goal to set when following these suggestions is 95% or better in scheduling effectiveness.

Most important strategy: Have written guidelines for patients that explain what will occur when they cancel an appointment at the last minute or fail to be present for their scheduled appointment. Some practices post these in a visible place in the office, in addition to having new patients sign that they’ve read and understand the cancellation policies.

Just make sure you write your expectations using positive words. Check out our example below of guidelines written in a positive manner:

“We will always respect your time, and our team will make every effort to schedule appointments that accommodate the needs of all of our patients. In return, we ask that our patients make every effort to keep their reserved dental appointments. When a patient appointment is broken or an appointment is missed, it creates scheduling challenges for other patients as well as for our dental office.

Our dental office will charge a fee for cancellations and appointment failures without 72 hours notice. We understand that emergencies and personal situations do arise, so after a series of two failed or broken appointments outside of the 72 hour guideline, a charge will apply to your account before a next appointment is scheduled.”

Bottom line, when effective communication occurs between the patient and the dental team, a change in the patient’s attitude occurs, which translates into improved patient compliance. Consequently, the dental practice will see a reduction in cancellation and appointment failures.

6. Measure Your Success

Seeing the fruits of your labor is extremely important to continued success. Knowing exactly how much your numbers have improved each month can guide you to know where more potential remains. Not to mention, seeing your improvements is a huge morale booster — now you know that all your hard work is worth it!

Not sure how to track your progress? It is recommended that each month, the hygiene team or office administrator run and review (with doctor) a “Production Analysis Report”. This report will analyze all dental hygiene procedures each month to determine what percentage of production the appropriate hygiene department codes represent. And what better time to review this data, which tracks the hygiene department’s effectiveness, than during your monthly team meeting?

It’s exciting, actually. You’ll see that when you implement many of the assessments and procedures just described, you will experience at least a 30% increase in your hygiene department within the next six to nine months.

Services that may account for this increase in hygiene profits are fluoride treatments, (Utilizing the Evidence-based science from CAMBRA) sealants, antimicrobials, xylitol products, oral rinses, toothpastes, 5% sodium fluoride for at home use, and power toothbrushes.

Change Your Patient’s Paradigm, Too

A final word: The twenty-first century is a new era for dentistry, and particularly dental hygiene. Cleaning teeth is no longer the standard of care. In fact, we suggest removing this word from your dental practice terminology when talking with patients. Today’s dental teams must talk to their patients about prevention — and the dental hygiene appointment is actually a preventive care appointment.

If the patient has any level of disease, the time to treat is now! Take the classic example of a patient in the early stages of periodontal disease. Phase I of non-surgical periodontal treatment ends with the periodontal maintenance, which is a 4-6 week post-operative appointment to evaluate the disease state. The last appointment of Phase I non-surgical treatment is the first of regular periodontal maintenance appointments. The patient who does not have a healthy evaluation must return for more treatment in the Phase I level of treatment. In fact, this is the time where you may need to refer the patient to a periodontist.

If a patient is healthy at the final evaluation (The first periodontal maintenance appointment) then he or she will return consistently for the rest of his/her life every 3-4 months for periodontal maintenance. Periodically, a patient may have episodes where the disease state returns, and the hygienist will need to schedule the patient to return for scaling and root planing and even antimicrobial therapy. All that said, you must communicate with all periodontal patients that periodontal disease is episodic and the idea that “once a periodontal patient, always a periondontal patient.” If the patient has a hard time taking the information seriously, explain that his/her situation is the same as when a patient is diagnosed with high blood pressure or diabetes.(And various other disease conditions.) The physician will always monitor the disease state even when everything seems to be “status-quo”.

Most successful dental businesses have implemented these systems. No longer will you hear that the Dental Hygiene Department is a “loss leader.” Expectations of the dental professional may be high, but remember you don’t have to take this path of success alone. Begin with these few guidelines to get on the path to where you want to be. And remember, we have many experts available to guide you along the road to success so don’t ever feel like you have to walk the path to success alone. Dream big, and happy planning as you embrace this new era of dentistry!

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