North Texas Dentistry Volume 4 Issue 5 | Page 22

How to Assess Your Practice Performance practice management by Roger P. Levin, DDS Many doctors want to know how their practices are doing, but have no idea where to begin. A proper practice analysis starts with an in-depth examination of Key Production Indicators , including: ™ • Number of new patients • Need-based vs. elective procedures • Case acceptance rates • Patient referrals After examining these numbers, dentists will see where they need to make changes. The only way to rectify each issue is to establish performance targets for the areas that need improvement. For example: • Scheduling capacity vs. actual scheduled patients • Percentage of no-shows and last-minute cancellations • Overdue collections undocumented systems Many practices have systems that only exist in the minds of team members. When these individuals leave the practice, the practice’s unwritten systems will leave with them. The practice will then have extraordinary difficulty trying to train new individuals to work with these systems. On the other hand, documented systems give new team members defined steps for carrying out their responsibilities, and staff can be brought up to speed quickly and effectively. TARGET: Implement documented, step-by-step systems within eight months. an inefficient schedule The practice should run the schedule, yet many practices unconsciously allow patients to run it instead. Patients frequently insist on a certain day and time and get it — even if it means that other appointments remain unfilled. Late patients and no-shows also add to the inefficiency. Practices need to guide patients toward appointment times that are more advantageous for the office. 22 NORTH TEXAS DENTISTRY | www.northtexasdentistry.com TARGET: Use effective scripting to reduce openings by 15% in the next six months.