As a dental practice owner, it’s important to ensure your practice is continually improving, helping patients, and increasing your profit margin year over year. While insurance companies typically control the price for most general dentistry procedures, there are services and practices that you have more control over the price you charge. But how do you increase the price of advanced and emotional dental procedures without receiving a resounding ‘no, thank you’ from your patients?
In this episode, I explain how to create firm financial arrangements in your dental practice and the impact that categorizing your patients into three key components can have on scaling your business. I explain what a firm financial arrangement is, why it’s critical for pivoting your practice into a modern-day dental business, and how developing an internal payment plan can help you increase your prices while making your services affordable for your patients. I also explain the difference between no-treatment patients, minor treatment patients, and major treatment patients and how understanding how to categorize your patients into these three components can help your practice run more efficiently.
Discover the Keys to Pivot Your Practice
Do you want to do more of the kind of dentistry you love? Want to learn how to achieve your goals, increase your revenue, and find financial freedom without seeing more patients? Are you ready to create the life, freedom, and happiness you desire? Then you need a copy of my free book: The Dental Practice Pivot. Discover how to increase your revenue, create a more balanced lifestyle, and gain a competitive advantage in the highly competitive dental industry.
Visit the Dental Practice Pivot website to claim your free copy and begin your journey to achieve true happiness and financial freedom.— Send in a voice message: https://anchor.fm/tbonespeaks/message