Achieve Sustainable Success with a Practice Evaluation

So much of what is happening, or, in some cases, not happening in your dental practice is invisible to you as the Dentist, leader, and owner. You are simply too deep in the trees to see the forest. Most dental practice owners use a handful of numbers, trust their gut instinct, or tell themselves they know everything going on to determine the health of their practice. Rarely are these accurate or complete resulting in escalating inefficiencies, lost production, patient attrition, staff turnover, and stress.

This is why a practice evaluation by an outside practice management business expert can be incredibly valuable to you, your team, and your practice. A Baird Concepts Practice Evaluation is a short-term project involving on-site interviews and observations, with no obligations upon completion.

The following areas are typically analyzed:

• SWOT Analysis (strengths, weaknesses, opportunities, and threats)

• Internal and External Industry Benchmarking Analysis

• Fee Analysis

• Salary Analysis

• Schedule Analysis

• Operations Analysis

• Financial Analysis

• On-Site Observation Analysis

• Marketing Analysis

• Bonus Program Analysis

• Insurance Analysis

• Team Analysis

• And other areas as requested by client

The data collected in these analyses can yield the following observations:

• Lost and leaking income

• Lost and leaking patients

• Causes of staff turnover

• Problems, barriers, and errors

• Underlying causes and dynamics hampering the practice’s progress and stability

• Training deficiencies

• Broken, missing, or out-of-date operational systems

• Customer-Service and Communication dysfunctions

• Environmental influences and threats

• Work culture dysfunctions

• Marketing dysfunctions

• And identification of challenging issues and perhaps even some encouraging surprises!

Such a practice evaluation should be undertaken every 4-6 years or prior to major transitions such as bringing in a dental associate or partner, contemplating practice sales and mergers, or purchasing additional practices. It can save you time, money, and stress as well as assure the long-term growth and sustainability of your practice.

Contact Sandy now if improving your practice and developing an engaged and productive team is a goal for your dental practice.