Join Dr. Addison Killeen, an author and dental practitioner, as he shares insights from his book on dental supply and fee analysis. Discover strategies for managing variable expenses, setting budgets, and optimizing profitability. Learn about the importance of choosing the right suppliers and utilizing technology in dentistry. This episode is a treasure trove of practical advice for dental professionals looking to enhance their operations and financial health.
Managing variable expenses such as dental supplies and lab fees is crucial for enhancing profitability in a dental practice.
Understanding costs per procedure and implementing a profit-first cash flow management system can maximize profitability in dental practices.
Deep dives
Keynote Speaker Announcement at Dental Success Summit
The podcast episode announces the special keynote speaker, Jocko Willink, for the upcoming Dental Success Summit event. Jocko is a retired U.S. Navy SEAL officer, bestselling author, podcaster, and renowned speaker. The episode emphasizes the excitement of having Jocko share his wisdom and inspiration at the summit. It encourages listeners to register for the event and highlights the limited availability of seats. Additionally, the episode features a sponsored message from Zube, a company offering streamlined revenue cycle management for dental practices.
Dr. Addison Killeen Releases New Book on Dental Practice Management
Dr. Addison Killeen, a prolific dental author, is interviewed about his latest book, which focuses on various aspects of dental practice management. The episode discusses the book's content, including chapters on dental supply ordering, lab costs, radiology equipment selection, insurance fee evaluation, and cash flow systems. Dr. Killeen provides insights into the benefits of understanding costs and profits per procedure, negotiating insurance fees, and implementing profit-first cash flow management in dental practices.
Importance of Understanding Costs and Profits in Dentistry
The podcast emphasizes the significance of understanding costs and profits in dental practice. It describes the importance of calculating the expenses associated with each dental procedure, including disposables, utilities, rent, and other factors. By evaluating costs per procedure, dentists can make informed decisions about insurance fee negotiation, in-network participation, and maximizing profitability. The episode also introduces the concept of cash flow management and highlights the benefits of implementing the profit-first model in dental practices.
On today's episode, we're joined by Dr. Addison Killeen, an author and practitioner in the dental world. Dr. Killeen shares insights from his eighth book, focusing on dental supply and fee analysis. We delve into the importance of managing variable expenses in a dental practice, particularly dental supplies and lab fees, and how these can be controlled to enhance profitability. Dr. Killeen discusses tactics for setting budgets, ordering strategies, and choosing the right suppliers. He also touches on technology in dentistry, including radiology equipment and the impact of choosing the right tools on practice efficiency. The conversation is a treasure trove of practical advice for dental professionals looking to optimize their operations and financial health. For more detailed strategies and insights, be sure to check out the latest Dental Success Network (DSN) manual, “Dental Supply Ordering and Fee Analysis Manual”.