Dental Unfiltered
Episode 14 - How to Lower Overhead and Increase Profits
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.
35:39
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Quick takeaways
- Reduce overhead by cutting unnecessary expenses and negotiating better supply prices.
- Optimize staffing efficiency through task delegation, outsourcing, and staff utilization.
Deep dives
Lowering Overhead to Increase Profits
Lowering overhead is crucial for increasing profitability in dental practices. Overhead includes all expenses except doctor pay and should ideally be around 50%. High overhead leads to negative profits, indicating the need to focus on reducing costs. Strategies like cutting unnecessary expenses, negotiating better prices for supplies, and utilizing websites like Dentira and Net32 can significantly reduce overhead costs.
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