Accounts Receivable Trends

Managing payment for dental services rendered is an important part of running a business. Payments from patients and dental benefit plans provide the cash flow required to keep the practice open and serving the oral healthcare needs of the community. Although collecting payment from delinquent patients may be uncomfortable, it is a necessary part of keeping a practice healthy. This paper examines trends in accounts receivable and how accounts receivable balances have changed since 2011.

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Treatment Plans

Creating treatment plans is an important step in the dental care delivery process. However, even though dentists create treatment plans, patients may not follow up on them for a number of reasons; they may not have the financial resources, are price shopping or do not understand the long-term benefits to their oral health, to name a few. This paper examines trends in treatments planned per comprehensive exams and resulting gross production.

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A Comparison Study of Group and Solo Practices

Dentists often face a decision regarding whether to practice solo or to join a group. Although there are pros and cons to both, differences between how dentists practice in solo versus in a group have not been studied extensively. With rising overhead costs and purchasing power, joining a group may seem like the smarter. However, according to Marc B. Cooper, DDS, almost 86% of dentists continue to practice solo despite these concerns. This paper discusses trends and considerations in the differences between group and solo practices.

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Animal Hospital Charges per Invoice and Per Provider

Helping provide outstanding healthcare to animals requires active cash flow through an animal hospital to support purchasing inventory, staffing and salaries. Part of understanding cash flow is discovering trends in revenue generation, including when it is being generated, how much, and by who. This data allows for financial growth planning as well as estimating potential costs.

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Number of Overall and Endodontics Diagnoses per Practice

Ensuring healthy mouths in the community is a dentist's mission, however there are many barriers between dentists and this goal. Patient oral health and hygiene awareness, ability to make appointments, ability to pay and good communication of treatment options are some of the few roadblocks that patients and dentists face every day.

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The Importance of Patient Acquisition in a Competitive Market

Maintaining a current patient base and bringing in new patients requires careful attention to patient care, communication and retention. Many dentists find themselves competing with other practices for a limited pool of patients in a certain geographical area. With little to no cost for switching, patients are often quick to change dentists due to convenience, financial or personal factors, even when they are being provided exceptional oral healthcare. As attracting new patients and keeping the current active patient base robust is imperative for the financial health of the practice, dentists need to know their patient numbers and how those numbers compare to national averages.

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