When I think about running a dental practice, I’m reminded of nurturing my garden. I have to tend to a lot of weeds to make sure that my beautiful flowers and vegetables can flourish. Running a dental practice also requires that you pull out those nasty weeds, fertilize the soil, and tend to the practice on a regular basis if you want to see the fruits of your hard work. The time and effort put into keeping things clean and organized will be rewarded with improved collections, increased production, and a much better idea of the health of your practice.
Fee setting can be one of the biggest challenges a dental practice faces. Without benchmarking data, it can be difficult to set competitive fees, maximize revenue and negotiate with the dental insurance companies.
Join Kevin Henry and Teresa Duncan, M.S. of Odyssey Consulting on August 14th as we unveil the fee trends you need to know.
Watch the webinar recording here.
I know you want to spend time with your patients and less time doing paperwork in your back office. Unfortunately, keeping your practice healthy can take work. The good news is that when your practice is healthy, your day runs smoother and you can provide the highest level of care for your patients. A key part of keeping your practice in good working order is updating your fees regularly. Regular adjustments keep your fees competitive while not creating price shock for your patients.
Some of you may be thinking that you can use fee surveys or data trends to set your fees. While they definitely provide reasonable guidelines you still need to guess exactly what your fees should be. That is why Sikka Software developed Fee Optimizer.