The Dentalpreneur Podcast w/ Dr. Mark Costes cover image

227: Associate Compensation and Reverse Engineering Short and Long Term Goals

The Dentalpreneur Podcast w/ Dr. Mark Costes

00:00

Is 35% Collections Out of the Question?

So is 35% collections out of the question? Well, I think that's a question that you have to ask yourself based on the reality of the dental practice. If you want to retain a really good associate and you're willing to pay them more than 30%, say 35% in order to retain them, says Dr. Lewis. So where do you have to go to find that? Well, you're either going to have to take it from your profit. Are you willing to do that? Maybe you can take 2.5% from the total payroll from all the auxiliaries and the hygiene team. That would be phase one for us.

Play episode from 14:52
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app