The Best Practices Show with Kirk Behrendt 991: Metric Mondays: Overhead – Lab Percentage – Robyn Theisen
Are your lab costs a little too high? In this episode, Kirk Behrendt brings back Robyn Theisen, one of ACT’s amazing coaches, to continue the series on overhead and break down lab percentage. They explain what it is, how it impacts your practice, and what to do to maintain a healthy lab percentage. To learn how to lower your lab costs the smart way, listen to Episode 991 of The Best Practices Show!
Learn More About Robyn:
- Send Robyn an email: robyn@actdental.com
- Follow Robyn on ACT’s Instagram: https://www.instagram.com/actdental
- Send Courtney an email to learn more about ACT: courtney@actdental.com
More Helpful Links for a Better Practice & a Better Life:
- Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listen
- Join The Best Practices Association: https://www.actdental.com/bpa
- Download ACT’s BPA app on the Apple App Store: https://apps.apple.com/us/app/best-practices-association/id6738960360
- Download ACT’s BPA app on the Google Play Store: https://play.google.com/store/apps/details?id=com.actdental.join&hl=en_US
- Join ACT’s To The Top Study Club: https://www.actdental.com/ttt
- Get The Best Practices Magazine for free: https://www.actdental.com/magazine
- Please leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218
Episode Resources:
- Watch the video version of Episode 991: https://www.youtube.com/@actdental/videos
- Learn more about Smile Source: https://smilesource.com
Main Takeaways:
- For a healthy lab percentage, have efficient clinical systems and a balanced case mix.
- Find the right lab partner. It’s one of the best relationships you're ever going to find.
- Evaluate and strengthen your clinical protocols to reduce lab and error costs.
- Track your remakes to know how it’s impacting your practice.
- A healthy lab overhead percentage is eight percent.
Snippets:
0:00 Introduction.
1:22 Lab percentage, explained.
2:32 How lab percentage impacts the practice.
4:07 Combine dental supply costs and lab costs.
6:48 Make smart decisions around lab costs.
8:10 What you can do to impact this metric.
8:57 How Smile Source can help your practice.
9:54 ACT’s BPA.
Robyn Theisen Bio:
Robyn Theisen brings an entire life and legacy of dental experience to the team and every team with which she works as the daughter and sister of dentists. With almost 20 years of experience in dentistry, her roles ranged from practice management to operations at Patterson Dental to coaching teams. Robyn’s passion is empowering teams to realize that they can dramatically impact the lives of the people they serve by implementing skills and systems to remove barriers to life-changing dental treatment. She has done it for decades and does it every day with dental teams.
Outside of coaching, she enjoys time with her husband, Rob, and two daughters, Emerson and Ruby. She loves traveling, music, fitness, and cheering on the Michigan State Spartans.