Using A Consultant To Benefit Your Dental Practice

consulting hereWith today’s major changes to the healthcare industry it has left a lot of dentists struggling to find their way now that there are many challenges in front of them. One area that has taken its toll on dentists is in the area of paperwork and how it is now stored. Since everything must be computerized, dentists who are used to working on teeth are not as skilled in this area.

Many dentists are turning to consultants to help them reorganize their practice at this time. The new healthcare law has presented some obstacles that must be overcome quickly if they want to stay in business and have a thriving practice. Everything from how an office is set up, to the new equipment that much be ordered to how dental records are kept must now be organized in a way that conforms to the new healthcare standards and regulations.

Dental consulting success happens when a trained professional comes who understand how to properly run a business. They should have plenty of experience working with doctors both with new practices and ones that have been established for awhile. Mainly this consulting work is successful when they get the dentists to see how these new changes can benefit them in a positive way.

Too often dentists get thrown off when changes occur to their industry. It takes time away from their practices and dealing with patients in a healthy and happy manner. Dental patients are worried enough when they come to the office, they don’t need the doctors to be scared too.

If you are a dentist who is struggling right now due to many changes in the law it is important that you seek out proper guidance. Although you may be adverse to listening to outside help on how to run your practice, at least a consultant may be able to provide you with good tips that will change the way you think.

Many dentists are finding it difficult to stay afloat especially because of the difficulties dealing with insurance companies. With so much added paperwork to file, it largely takes away from the amount of time spent on patient care. Something needs to change quickly and one way to do that is by hiring an outside dental consultant to get you back on the right track. You have nothing to lose by trying something new, so contact a dental consult today to see what they can do for you.

Team Building Is Very Important For Morale In Today’s Dental Practice

practice is hereA dental practice today is under a lot of pressure to conform to the new healthcare law that it really takes  a major toll on everybody working in the office. In the past everyone just came in did their job and went home. But nowadays most dentists are so stressed out that they don’t even have time to coordinate the entire office to make sure everything is going smooth.

When you see your dental office starting to break down due to lack of cohesion due to all the new rules and regulations it is time to stop what you’re doing, relax and take a few deep breaths. At this point everybody is going to have to get on the same page in order for the dental practice to succeed.

Aside from the dentist being stressed over all the overhead he now has to deal with, the office assistants and nurses feel the pressure too. They also have to comply with new standards, especially office assistants up front who are under enormous pressure to properly file all of the paperwork electronically.

At this time something needs to change in the office and it really has to be the dentist since he is the leader. Although things might be tough financially right now and everybody is going through a lot of stress, it may be a good idea to close the office down for a few during the day each week where all of you can just unwind and go out for lunch together. This will give you a great chance to bond and also talk about different ways to improve the dental practice.

Everybody is in it together and the office assistants understand how much stress the dentist is under since he has the responsibility to pay everyone while making sure the patients are treated right. It already is enough worry when dealing with patients because you never want to get sued, but now there is added pressure due to new rules and regulations.

Team building in the dental practice is essential for the sanity of everyone involved if you want everything to run smooth. Although things will never be the same again, at least you can fine a way to streamline the business as well as look for new revenue sources that can help the office stay afloat. Whatever happens you are all still a team and must function like one in order for patients not to feel stressed out too.

What It Takes To Run A Successful Dental Practice

dental practiceIf you’re a new dentist, you’re probably wondering what it would take to run a successful dental practice. Don’t worry because in this article, we will show you how.

Having the education and the training to become a licensed dental professional is not enough to operate a practice that earns you at least $100,000 per year. Dental practitioners also have to learn how to manage the business aspect of their practice. A profitable practice usually demands a lot from the staff and the working dentist. However, you can make your life easier by using outsourcing associates to take over effort-intensive yet repetitive company tasks so that dental practices can be more successful.

There are dentistry practices that use consultants or outside businesses to manage some of the everyday administrative tasks. Outsourcing work save you money because you don’t need to offer a full-time salary and benefits to a full-time employee. More importantly, it saves you time, which allow for increased enterprise effectiveness.

Whenever they use third-party comoanies to assist, dental practitioners can focus more on their core competencies to greatly improve individual proper care. Moreover, outsourcing work permits regular personnel to concentrate their efforts to do a better job and increase the success of the practice.

What aspects of a dental practice can you outsource?  These include patient arranging/rescheduling and appointment note contact , insurance coverage confirmation and preauthorization; patient and insurance invoicing, which include any required follow-up; installing and looking after hardware and software; patient information management; patient credit; submitting of monthly payments; and credit accounts receivables selections. If that sounds like a lot of work, it is, and can you imagine you and your staff doing all that work?
But outsourcing your business is really just one aspect of growing your dental practice. You need a business consulting company to help you go from good to great, especially if you’re just a dentist, not a businessman.

Realistically, a dental practice can expect grow seven percent annually. That may not seem like a significant number, but that growth rate enables a dental practice to double every 10 years. So if you have a $300,000 practice, you can expect that to grow after twenty years to a $1.2 million practice.

It is reasonable and attainable hope for all dental practice. The numbers may not double your revenue in 90 days, but you will be growing continuously.

Simple Tips To Market Your Dental Practice

marketingBusinesses can always use more customers and clients. Marketing your dental practice is no different, and does not need to be complicated or expensive. Some dentists are going the route of corporate dentistry while others are still trying to hang onto their private practices. Corporate dentistry offers huge resources for a potential patient base as well as mass marketing. There is a lot to be said however, for continuing a small private dental practice.

Start with the obvious by giving superior customer service. Outstanding customer service inspires people to recommend you, and there is no better marketing than word-of-mouth. You may even want to consider creating a rewards program for your patients who have referrals that become new patients. This will help to build your reputation and your credibility in your community. Always greet your patients by name, and as much as you can try to stay on time. There is nothing more frustrating to a patient than having to wait far beyond their appointment time.

The first step in marketing your practice outside of the office is to be sure that you keep a listing in your local Yellow Pages. There are still patients who often look in a phone book, or look up the Yellow Pages online for a local name.

Consider creating your own website so you can include your web address in all your correspondence and listings. Your site should include your staff details, background, what services are offered, and what payment plans and insurance are accepted. Create a video to market your practice that you can place on your website and use in a video campaign with democratic planning through Facebook. It is very inexpensive and can help you reach thousands in your community.

Develop a newsletter for your practice so you can feature office services and the latest activities of the staff and yourself. Each month you could pick a theme to focus on, and be sure that the newsletter is deliverable by email or regular mail. This helps keep your patience in touch so they are more likely to return for regular checkups and services.

These are just a few of the simple ideas that you can use when marketing your dental practice. By implementing simple steps and providing superior customer service to your patients you will not only retain the patients you have but will be able to grow your practice with new ones.

Tips For Running A Dental Practice

the best dental practiceRunning a dental practice is about far more than helping patients with their oral health needs. There are also a number of important business and administrative tasks that need to be addressed in order to keep things running smoothly. From the time your patients make an appointment to the moment they walk out the door, they should have a top-quality experience that leaves a lasting impression and makes them want to come back again. Below you will find some of the top tips on how to keep your dental practice running smoothly to encourage patient loyalty:

1. Hire the right people. Everyone who works at your dental office should be committed to providing the best possible customer experience. This includes dental assistants, hygienists and the staff working the front desk.  Make hiring decisions carefully so that you only choose people who are as committed to your practice’s success as you are.

2. Market your services. It is wishful thinking to pretend that people are going to find you on their own. Instead, you have to find ways to get the word out about your business. While traditional advertising methods are great, don’t be afraid to think outside the box. For instance, is there a way that you could use social media to educate existing patients, while at the same time bringing new patients through your door?

3. Develop an effective website. Most people start their search for a new dentist online. Make sure that you put your practice on their radar by maintaining a strong Internet presence. This includes developing a website and getting it listed well in the search results. You should also add your information to any local business directories to maximize your exposure.

4. Organize your space.  A well-organized practice is an efficient practice. Take some time to find a place for everything you use. Make sure that the items you use the most are within easy reach so that you don’t have to waste a lot of time fumbling around during appointments.

5. Consider extending your hours. Although it may not always be possible, offering appointments outside of traditional business hours can make it easier for people to get in. Whether you stay open an hour later or keep the doors open on a weekend, it is a great way to cater to patients who have busy work schedules.

These five tips for successfully running a dental practice should help you grow your practice, while at the same time keeping your existing patients happy.

Make Sure Your Profit from Selling Your Dental Practice

best dental practice profitThere will come a point in your career in dentistry wherein you’ll feel that the time to “pass the baton”, so to speak, has come. This is a natural part of both nearing retirement and owning your own business. The process of selling your dental practice could potentially be beneficial, if you know the right way to go about it. The most important thing to remember is not to wait for you to get the point of retirement before finding a buyer and preparing for the sale. This way, when you find someone before the actual need arises, then you’ll have a higher chance of getting a better bargain because you won’t be rushing to sell it.

Not many dentists are aware of the best way to make a dental practice profit. When preparing for retirement, most people will have the inclination to reduce their workload in the times leading up to the actual retirement. When seeking to make a profit from selling your dental practice, this is actually counterproductive. By shortening hours or lessening your patients, you’ll effectively end up lowering the value of your practice, and buyers aren’t going to be interested when they see the decreasing number of patients – it just gives off the impression that you’re losing popularity and profit.

If you’re really looking to make a dental practice profit regardless of who you want to sell your business to – family, friend, or colleague – then there are some things that you should keep in mind, both while building your business and leading right up to the point of sale.

When Building Your Business

* Location is very important to buyers. Depending on the kind of service the buyer wants to provide and the neighborhood your practice is located in will greatly affect the influx of potential patients.

* Having the right technology. This doesn’t necessarily translate to having state-of-the-art equipment, but buyers are likely to take note of whether your staff is being driven to work harder and better thanks to the technology available.

* Your reputation in the community. How loyal are your customers, and how vast is your client base? This is essential to any potential buyer.

When You’re About to Retire

* Know your value – how many customers you have on average in a given time, your profit per annum, etc.

* Have all the necessary documentation ready. Both customers and buyers are going to want to see these.

* Always have a good working relationship with your staff and clients. They could be a big part of helping you sell your practice for a profit.