Sunday, August 15, 2010<\/p>\n
Another Word about Profitability and Overhead Control
\nWant to make sure your net is good?
\nOverhead Control really consists of: Confrontation: Often, reducing overhead comes down to confrontation such as:
\nBargaining with your lab guys.
\nHolding your staff accountable for results (given the correct direction and training\u2014 that\u2019s our job to help).
\nTerminating staff members who are not performing well.
\nMaking sure you are price shopping and bargaining when making any significant investments in technology, facility, anything.
\nEnforcing work place rules (time clock, reasonable vacation time and coordination).
\nResult Control: Making sure that for whatever technology, equipment, facility or advertising you invest in you get a good \u201cbang for your buck.\u201d Please see the \u201cResult Control \u201carticles I\u2019ve written regarding this on my website (under Articles) AdvancedPracticeManagement.com
\nKeeping an eye on the numbers. You can\u2019t manage what you don\u2019t measure and many dental offices have Profit and Loss reports that don\u2019t clearly show the bottom line and don\u2019t organize the expenses into rational groups that make it easy to compare to industry standards.
\nWise selection (or de-selection) of PPO participation to limit discounts.
\nIncreasing practice productivity through seeing more patients or doing more for the patients you see.
\nPosted by Bill Rossi at 3:57 PM
\nLabels: Advanced Practice Management, dental office overhead, dental office profitability<\/p>\n","protected":false},"excerpt":{"rendered":"
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