2019年11月5日(火)
How do you expand your dental practice?
Scaling your dental practice may also be necessary when you notice that fixed costs like rent and salaries are growing rapidly, so you need to scale up in order to stay profitable. Keep the following factors in mind when scaling your dental practice.
Attract and Retain Key Employees
You cannot scale your dental practice if you are short on the human resource side of your practice. Scaling can also be hard if you keep losing the employees that you hire. Your first task in scaling the dental practice should begin with mapping out how you will get and retain A-team members.
Systemize Your Operations
Another challenge will emerge once you start hiring extra dentists or related professionals to work in your dental practice. How do you get rid of that uneasiness that they will not do things in the exact way that you would like them to?
The answer to this lies in systemizing your practice. Create systems that make it possible for the practice to stay functional and profitable even without you.
Get the Right Technology
The third key component of scaling your dental practice is by acquiring technology that will enable the practice to become more efficient and profitable.
For example, the portable dental x ray unit can reduce the time needed to move a patient to another room in order to have diagnostic tests done. Similarly, the intraoral camera with screen can allow you to take detailed images of the dental structures of the patient when that patient is sitting in the dental chair.
Know Your Numbers
Two key metrics need to be considered by anyone attempting to scale a dental practice. First, at what rate is your revenue growing?
Secondly, you need to know the rate at which your income is growing. Always aim at income growth rates that are higher than revenue growth rates.
Attract and Retain Key Employees
You cannot scale your dental practice if you are short on the human resource side of your practice. Scaling can also be hard if you keep losing the employees that you hire. Your first task in scaling the dental practice should begin with mapping out how you will get and retain A-team members.
Systemize Your Operations
Another challenge will emerge once you start hiring extra dentists or related professionals to work in your dental practice. How do you get rid of that uneasiness that they will not do things in the exact way that you would like them to?
The answer to this lies in systemizing your practice. Create systems that make it possible for the practice to stay functional and profitable even without you.
Get the Right Technology
The third key component of scaling your dental practice is by acquiring technology that will enable the practice to become more efficient and profitable.
For example, the portable dental x ray unit can reduce the time needed to move a patient to another room in order to have diagnostic tests done. Similarly, the intraoral camera with screen can allow you to take detailed images of the dental structures of the patient when that patient is sitting in the dental chair.
Know Your Numbers
Two key metrics need to be considered by anyone attempting to scale a dental practice. First, at what rate is your revenue growing?
Secondly, you need to know the rate at which your income is growing. Always aim at income growth rates that are higher than revenue growth rates.
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