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Managing a professional practice is both demanding and challenging. Many dental professionals feel frustrated about the overall performance of their practice but aren't sure of what to do. Here are some questions to ask yourself:
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Is my patient base growing at the rate I would like? |
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Am I as busy as I could be, or want to be? |
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Is my overall production as the level I would like? |
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Am I able to take a two week vacation without jeopardizing the performance of the practice? |
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Are my collections and accounts receivables as well managed as the best practices? |
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Is the total overhead of my practice too high? |
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Does my office staff have the training and skills necessary to be a successful practice? |
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Does my staff have questions or concerns about participation in insurance plans, PPO networks, etc.? |
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Do I have questions or concerns about participation in dental capitation plans? Are all capitation plans the same? |
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Do I even know how many insurance and PPO plans my practice accepts, how much they pay, and how many patients each represents? |
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How much discount am I giving to dental insurers? Is insurance reimbursement keeping pace with my overhead expenses? |
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Do I have the right mix of revenue to be most productive? |
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How does my practice compare with others of like size and characteristics? |
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Does my practice have a written plan for achieving success and correcting problems? |
The McNor Group has the experience and expertise to maximized the potential of your practice. We call this process PRACTICE OPTIMIZATION. We use an analytical business approach that goes beyond most "practice management" products. Using a multi-variant performance model, we'll help you become a practice which optimizes performance.
We start with an analysis of key indicators and develop a customized practice optimization plan to improve the overall performance of the practice. And we work with you and your office staff to chart a course for improvement.
1301 York Road • Suite 800 • Lutherville, MD 21093 • Phone (888) 273-1014 • Fax (410) 321-7617