In today’s post, we’re talking about incentive bonus plans for mid-level providers. Specifically, I’ll show you a simple method you can use to calculate an incentive bonus based on collections. If you’re a physician owner hiring a new mid-level provider, or if you need help restructuring a new compensation plan, this one’s for you. Let’s […]
HHS Provider Relief Funds: 2021 Reporting Requirements
Roughly $175 billion were distributed to America’s healthcare providers in 2020 through the HHS Provider Relief Fund. The intent of this money was to help hospitals, physicians, dentists, and other healthcare facilities pay for increased COVID-related expenses and supplement lost revenue. With notable speed and convenience, the government did their job to get money into […]
FFCRA Tax Credits: What Practice Owners Need to Know
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide qualifying employees with additional paid time off. To cover these extra wages, your practice can claim FFCRA tax credits. The purpose of this article is to help practice owners understand four things: What are FFCRA tax credits? Who qualifies? How do you claim […]
Getting Started With Dental Membership Plans: The Definitive Guide
This is our comprehensive guide to dental membership plans. In this guide you’ll learn what they are and why they might be a good fit for your practice. Done right, a dental membership plan can: Reduce your dependency on insurance companies Generate recurring revenue Improve patient loyalty Increase the value of your practice And lots […]
7 Best Practices for Your Front Desk
Everyone on your team is responsible for creating an exceptional customer experience. But the majority of that responsibility inevitably falls on your front office staff. That’s because your front office is where your patients will get their first impression. Start off on the wrong foot, and you’ll be facing an uphill battle to regain their […]
Why You Should Track New Patient Acquisition
New patient acquisition for the average dental practice should be between 10-25 patients each month. How does your dental practice compare? If you don’t know, that’s a problem. Like any other business metric, new patient acquisition is a key performance indicator that can inform your marketing strategy. Tracking New Patient Acquisition We help our dental […]