After running our family’s independent dental practice for 20 years, I learned a thing or two about the challenges that practices face. You’re dealing with fluctuations in production and collection making it hard to predict month-to-month budgets. As a result, you’re not collecting enough revenue on a monthly basis, which can mean not paying yourself for months at a time.
The solution? Implementing a predictable recurring revenue stream into your practice.
When you’re only making money from patients in the chair, your anxiety and frustrations can increase as a practice owner. You’re focused on providing quality dental care, yet it’s become financially inaccessible for some patients to access their dental care needs without insurance.
This can end up being a long-term strain on your practice. Your administrative team is small and doesn’t have the expertise to manage your marketing. You’re losing patients due to corporate dental chains—or losing revenue now that you’ve joined PPO plans.