Your dental practice is your livelihood. You invest time, energy, and money into it daily. Whether you are an entrepreneur or the one person in charge of running the office, there are some things you can do to make sure it stays successful for years to come. We know that as dentists, we want our patients’ mouths healthy and happy – but what about their wallets? The following four tips will help any dentist improve their business to take home more paychecks and see more satisfied clients!
1 Get Accounting Software
The majority of practices are small, yet they still need bookkeeping. When you practice with one doctor doing all the work, it can be hard to keep up on everything without help. You may think that adding an extra employee would cost more than bringing in someone who specializes in accounting software – but this is not true! A Certified Public Accountant (CPA) will charge by the hour for their services. In contrast, online software companies offer unlimited support, so you only pay once when purchasing the program. Then your monthly fee never changes no matter how many hours or employees your office has. No matter what size your business is, there are affordable options out there for every type of dentist looking to streamline their finances.
2 Build a Website
You may remember when you were in school and had to write a report. It was always so tricky because the only sources available to use for your bibliography came from books or library databases that were expensive and inaccessible – right? Well, now we have the internet at our fingertips! If it is not already built into your practice’s billing system, there are many affordable options out there where you can create a website with content within minutes of signing up. Ensure you include all contact information such as directions, phone number(s), address (including a suite), email, and hours on your site and encourage patients to check this page before they come in for their visit.
3 Find Superior Suppliers
Your practice needs supplies and equipment to keep running – so why not find the best ones available? First, search online for reviews of your dental software, instruments, trays, gloves, telscope etc. Next, ask other doctors who they use and if their claims hold up under scrutiny, or do you notice complaints from patients or staff about what they receive each month. Once you have found a list of suppliers that meet your standards, it is time to call them! Many companies offer discounts on bulk orders and discounted rates when paid in advance with no fees attached for paying ahead (like some credit card companies); when ordering larger quantities cut out shipping costs by having them delivered directly to your office instead of home/storage unit(s) where they will be sitting unused until you need them again.
4 Use Efficient POS Systems
How many dentists do you know who have a separate POS system for their office? Probably not very many because this is an unnecessary expense when the computer in your office does everything! Even if it doesn’t, there are companies out there that allow you to use any device with internet access as long as it has a webcam and USB port. This means instead of having two devices (desktop + laptop) or even one desktop and one tablet per person working in the front; each employee can only need what they already have at their fingertips – which makes training easier too! We recommend Point-of-Sale software.
There are many ways to improve your practice that won’t break the bank. Try implementing some of these tips and watch as they increase your profits.
Image by Bruno Pereira from Pixabay
