Dental Unfiltered Episode 14 - How to Lower Overhead and Increase Profits
22 snips
Mar 6, 2024 
Learn how to lower overhead and increase profits in dental practices by optimizing purchasing, managing expenses, increasing treatment acceptance, and improving practice operations. Strategies include cost reduction, team maximization, outsourcing tasks, and offering financing options for a more profitable dental practice.
AI Snips
Chapters
Transcript
Episode notes
Overhead Excludes Doctor Pay
- Overhead excludes the doctor's pay; pay yourself ~30% of production as a standard benchmark.
- If overhead is ~72% (national avg) plus doctor pay, many practices operate at negative profit.
Aim Lower Than National Overhead
- Target overhead around 50% or lower if possible; many practices can reach much better than the national average.
- Cutting
Cut Supply Costs With Comparison Tools
- Use price‑comparison tools like Dantira and Net32 and join a buying group to lower supply costs immediately.
- Build a master ordering spreadsheet and instruct staff to order from the cheapest linked vendor.