Accelerate My Practice Blog

Incremental [ in-kruh-men-tl ] Adjective - Increasing or adding on, especially in a regular series
Revenue [ rev-uh n-yoo ] Noun - An amount of money regularly coming in

Ever so often when we're talking with doctors about growing their practice they'll bring up the fact that after all of their overhead they don't have any cash left. Understandably so, there are a handful of ways to make you as the doctor more comfortable financially in your office and incremental revenue is one way. This is good for the entire team to know because half of the time not everyone understands how this can work and when everyone understands, everyone benefits.

Lets break down the math for you, to show you just how the finances in your office works.

How does your mindset impact things? When addressing the exit of Medicaid and PPO's out of your practice, are you prepared, at least initially, to have holes in your schedule? Although this sounds scary, offices that exit these discounted programs slowdown in the beginning yet they build production in a very short period of time. The instant gratification will not come when you choose to get off Medicaid. Your schedule will be slower. Are you prepared for this?

We always ask the question, "what is one thing you could do right now that would change your life, your dental practice, your business?" You probably think that if you spend your money on marketing, that should bring in all the new patients. Sometimes, Yes! But, have you ever thought about using what you have? Have you ever thought about stepping up your in office game by simply being Proactive? Don't wait for something to happen, take some steps to get it done. 

One of the “7 Habits of Highly Effective People” as outlined by author Stephen Covey is to be “Proactive.”  While traveling on Southwest Airlines last week,

How can you make sure that your dental practice is one that stands out? How can you stand out in your personal life, your business life? How can you stand out in everything that you do? How can your dental team, be a team that stands out among the rest?

How could uncertain political times affect your dental practice? Have you taken any time to consider this real possibility? The CEO of our dental practice management company is constantly traveling across the United States and lately he is hearing a lot of uncertainty from all types of business owners, not just dentists, who are concerned with how the upcoming election will affect them. In some cases they are already feeling paralyzed by the fear. It prompted him to want to reach out to all dental practice owners, dentists, and hygienists, everyone that is a part of a dental team somewhere to say don't hunker down and wait to be negatively affected!

Political elections have been happening for hundreds of years. There are always at least two sides fighting it out with no one getting along, massive conflicts of opinion, name calling, etc, that will never change. What can change is how you choose to deal or not deal with it. Can you imagine for instance, where we would be if back in 1939 during our countries worst economic meltdown two men by the name of Bill Hewlett and David Packard abandoned their dream of producing electronic equipment?