Comparing the first half this year to the first half of 2015 for the mature area practices sampled, we find that practice production is up by 5.8% and collections are up by 5.2%, which is slightly off the first quarter’s pace of about 6% for production and collections.
Total patient flow is up 3%. New patients are up just 1%.
Open time in the hygiene schedules remained steady, but Doctor open time increased 15% giving up some of the gains that we experienced last year with reduced Doctor time.
Total production per exam is up 2.5% and crown and bridge is up 3.3%. Doctor Productivity remains the same at about $660 per hour.
So far, this makes about two years in a row of gains similar to those “pre-recession”. So, most dental practices aren’t confronted with an economic headwind against practice growth but no smart practitioner is complacent about practice vitality.
No one gets a gimme!
DO YOU THINK IT’S TRUE THAT?
- Keeping the schedules full affects collections?
- What your clinical team says to patients regarding insurance affects collections?
- Communication between front and back affects collections? Hint: Almost every practice loses thousands of dollars per week because of that gap.
- Treatment staff can reduce changes in the schedule and does that affect collections?