{"id":584,"date":"2015-02-27T02:07:25","date_gmt":"2015-02-27T02:07:25","guid":{"rendered":"http:\/\/blogadvancedpracticemanagement.webaloo.com\/?p=584"},"modified":"2015-02-27T03:07:53","modified_gmt":"2015-02-27T03:07:53","slug":"doctor-what-is-your-practices-regeneration-rate","status":"publish","type":"post","link":"https:\/\/blog.advancedpracticemanagement.com\/blog\/doctor-what-is-your-practices-regeneration-rate\/","title":{"rendered":"Doctor, What Is Your Practice’s Regeneration Rate?"},"content":{"rendered":"

(Statistical Snapshot from APM\u2019s Database):<\/em><\/p>\n

\"Is<\/a>Presumably, the bigger a practice\u2019s Active Patient base is, the more referrals it will generate per year.<\/p>\n

More people saying good stuff about you. Also, the bigger your practice is, the more new patients it needs\u00a0to replenish itself. Through normal attrition, a practice with 2,000 patients will lose more per year than\u00a0one with 1,000.<\/p>\n

We measure a practice\u2019s regeneration rate by dividing the total number of new patients per year by the\u00a0active patient count.<\/p>\n

\"Regeneration<\/a><\/p>\n

 <\/p>\n

For the average practice in our database, the regeneration ratio is about 11% per year. Strong patient flow\u00a0growth is usually indicated by a ratio of 20% or more.<\/p>\n

If your practice has a low regeneration rate, it\u2019s very likely that your practice will shrink over time. Our\u00a0analysis of the \u201caverage lifetime\u201d of a patient in a practice is about 9 years, which, coincidentally or not,\u00a0matches up pretty closely with the average replenishment rate.<\/p>\n

Replenishment rates in our data base range from about 4% to over 30%. As with most statistics, we use\u00a0them to just help frame an issue. When we are managing a practice, we are looking for the movement of\u00a0the numbers\u2014the\u00a0statistical trends are more important than just the reading.<\/p>\n

Want To Know Your Regeneration Rate?<\/strong> Your consultant can assist you in getting an updated Active\u00a0Patient Count (2-year criteria), calculating your ratio and interpreting the results.<\/p>\n

If you want to refine things further and you\u2019ve been tracking new patient sources closely, you can look at\u00a0your pure \u201creferral ratio\u201d, which would be a reading on the number of referrals you get per 100 active\u00a0patients per year.<\/p>\n

Speaking of Referrals:<\/strong> If you go with the general assumption that about 1 out of 10 patients refer you to\u00a0another in a given year, then ask yourself, \u201cWhat would happen with practice growth if I could just get 2\u00a0or 3 out of 10 patients to send another patient in per year?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

(Statistical Snapshot from APM\u2019s Database): Presumably, the bigger a practice\u2019s Active Patient base is, the more referrals it will generate per year. More people saying good stuff about you. Also, the bigger your practice is, the more new patients it needs\u00a0to replenish itself. Through normal attrition, a practice with 2,000 patients will lose more per […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[28,36,4],"tags":[40],"class_list":["post-584","post","type-post","status-publish","format-standard","hentry","category-apm-surveys","category-bulletin-articles","category-dental-practice-management","tag-dental-practice-growth"],"_links":{"self":[{"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/posts\/584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/comments?post=584"}],"version-history":[{"count":0,"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/posts\/584\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/media?parent=584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/categories?post=584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.advancedpracticemanagement.com\/blog\/wp-json\/wp\/v2\/tags?post=584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}