
๐๐๐ฌ๐ก ๐
๐ฅ๐จ๐ฐ - To stay ahead of any lulls in profitability, track the following methods to generate a more predictable cash flow: Monthly spend vs cash flow, Trends in revenue streams, Treatment compliance, Fee-for-service, Revenue stream trends.
๐๐จ๐ง๐ -๐๐๐ซ๐ฆ ๐๐ฌ. ๐๐ก๐จ๐ซ๐ญ ๐๐๐ซ๐ฆ ๐๐จ๐๐ฅ๐ฌ - Your short-term goals set the path toward your long term vision. These KPIs can assist you in measuring each step of that journey: Case acceptance, New patients, Hygiene reappointment, No-show/Cancellation, Lifetime patient value,
Patient attrition.
๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ - These metrics can give you insights that help balance workloads and improve patient experience: Scheduled appointment time vs. time used.
Practice production per hygienist /dentist, Production by procedure, Retention and turnover.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ - Here are the metrics that help you benchmark how your dental practice is measuring up in todayโs fast-paced industry:
Dental tech spend Training and education, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), Financial Performance.
Let Sigma Accountants guide you in this matter. Schedule a time to chat with us and see how we can help your business grow.
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