VP, Dental Practice and Relationship Management ADA Business Innovation Group Chicago, Illinois, United States
How can you judge whether a potential practice is a good fit for your career? Whether you’re looking for an associateship or considering a purchase, reviewing a practice’s vital statistics can help you understand how well a practice is actually run — and whether it can support your career goals. In this interactive session, Dr. Suzanne Ebert will walk through some examples of how KPI’s can tell the story of a practice’s health. Together, you will explore several typical practice statistics, such as new patients and average lab fees, to determine how you can use those numbers to infer how the practice operates. You will learn how to evaluate a practice’s processes to decide if you can thrive in the practice — or if you can make improvements that will boost the bottom line. You will also practice calculating how much your take-home pay might vary based on production, adjusted production, or collections.
Learning Objectives:
Learn essential terminology and metrics for understanding how a practice runs
Understand how the metrics can differ between rural and urban practices — and how to leverage this “geographic arbitrage”
Consider what to ask an owner if you’re thinking about joining or buying a practice and how to add value, no matter how much experience you have
