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Financial Management

August 14, 2023

Unlocking Success: The Power of KPIs in Your Dental Practice

Running a dental practice entails more than just providing excellent patient care. To thrive in today’s competitive market, dentists need to embrace the power of data-driven decision-making. That’s where Key Performance Indicators (KPIs) come into play. KPIs act as compasses, guiding dentists toward practice growth, operational efficiency, and financial success. In this blog post, we […]

Financial Management

June 5, 2020

How Much Cash Does Your Practice Need Right Now?

Cash is the lifeblood of a medical or dental practice. Throughout this COVID-19 pandemic, I hope you would agree with me on the importance of having access to an adequate amount of cash to run your business. Profit is important as well, but profits can be manipulated based upon several controllable factors. Cash, on the […]

Financial Management

Top Denials in Medical Billing

March 9, 2020

How to Prevent the Top Denials in Medical Billing

In this post I’m going to talk about the top denials in medical billing and answer the following questions: Why are claims denied? What is the cost of a denied claim? And what can be done to reduce your claim denial rate? Keep reading to find out the answers to these questions and more. What […]

Financial Management

Can you increase your bottom line by saving on your wireless plan?

October 22, 2019

Can You Increase Your Bottom Line by Saving on Your Wireless Plan?

Over the years, having reviewed the expenses of medical and dental offices, there has been one expense item that I often thought warranted special attention. The telephone bill. Especially wireless plans. From personal experience, I know that if I stop in to see or call my wireless provider once a year they will find savings […]

Financial Management

Cash flow

August 1, 2019

Understanding Cash Flow: 4 Strategies to Increase Working Capital in Your Practice

Cash flow is the most important measure of the financial health of your practice. Healthy cash flow means that you have more money coming in than going out. A steady stream of cash allows you to pay your staff and your bills on time. In this post, we’ll cover exactly why cash flow is so […]

Financial Management

Working with a collection agency

July 23, 2019

4 Steps to Consider Before Working With a Collection Agency

A doctor should give think carefully before working with a collection agency. How will it affect your patient relationships? Are their fees worth it? Do they specialize in healthcare clients? These are the type of questions we’ll try to answer in this post. Here are four steps to consider when making the decision to turn […]

Financial Management

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