Monitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to interpret for the dental practice owner. 5. Day Sheet – Were all procedures properly charged our for the day? Where are you compared to last year’s statistics?
Read MoreMonitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to interpret for the dental practice owner. 4. Provider Productivity – Are you aware of just how the service mix of production is allocated amongst the doctor and the hygiene department? Are you working hard or...
Read MoreMonitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to be interpreted for the dental practice owner. 3. Insurance Utilization Report – What is driving your collections? How are each of the insurance carriers weighted in collection percentages?
Read MoreMonitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to be interpreted for the dental practice owner. 2. Production Analysis – What mix of services were offered that month? Does your production report also track in-office service codes to track specialized...
Read MoreMonitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to be interpreted for the dental practice owner. 1. Accounts Aging-Receivables – Do you know where the practice specifically falls with industry benchmark collection ratios? How effective is your administrative team at...
Read MoreWhen facilitating a sale, gains on tangible assets are taxed at ordinary tax rates. For intangible assets, they will be taxed at a long-term capital gain rate.
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