Thinking off to increase your practice revenue by double or triple? But no clue? No problem!
This blog helps you to double and even triple your dental practice revenue. Yes, what you are reading is absolutely right!
Being dental industry experts, we know that the business of dentistry can be overwhelming. We know that dental practice owners or providers may read many practice management books and articles. Maybe a few dental practice owners may have probably attended seminars on how to grow their dental practice revenue. Maybe some of you have even hired a management consultant to come to your office.
It can be overwhelming to think about everything that you might need to change in your practice. Are we right?
There is appointment scheduling, recall, appointment tracking, and to mention a few. You know that there are many items you need to fix and become better at. But, alas, time may not allow you to perform or oversee all the things to do. You work all day on patients and you are too tired at the end of the day. But, you may always think, how to increase your practice revenue? Isn’t it?
As per research, dentists or dental practice owners always think that “if someone would handle the business part of my dental practice and just let me do the dentistry, then I would be very happy.” So, to help all the dental practice owners and providers, we’ve figured out how to increase the revenue without being stressed out and going crazy.
Here are just some of them:
- Number of phone calls
- Call conversion (new patient appointments)
- Number of new patients (Patient flow)
- Converting first-time patients into potential patients
- Repeat business (Recall)
- Maximizing the number of visits per day (Efficiency)
- Maximizing value per visit
The good news is that you don’t have to get 100% better in every factor. In fact, you don’t even have to get 50% better … or even 20% better in every area. Believe it or not, if you get just 10% better in only five of the above-interrelated factors your practice revenue will increase! Yes, you can!
The effects of these success factors on your business are not additive; instead, they multiply on top of each other. So, if you get 10% better at marketing to generate more phone calls, and you increase your new patient appointments by 10%, your case acceptance by 10%, the number of patient visits per day by 10%, and your hygiene recall by 10% … you will double your practice’s revenue. It also works if you do better in some factors than you do in others.
We hope this process is a bit easy to follow. But if it is true, why aren’t we seeing more dentists or dental practice owners doubling practice revenue? All you need is a unified patient relationship & analytics software like Interphase for your thriving practice.
So, to make sure you’re increasing revenue in their preferred methods of communication without putting a strain on you and your staff’s workload, you can leverage Interphase to increase revenue of your dental practice.
With Interphase, you can manage patient relationships online and lower your cost by implementing an all-in-one, practice management software designed to deliver a seamless experience while streamlining your workflow and boosting your profits.
Well, make 2020 a profitable year by pushing your dental practice to the next level. Need help in doing so? Contact and schedule a free demo with us and we’ll be happy to help!