Dentally explains how it can help you achieve success in your dental business through a few simple financial and operational goals.
In the dynamic world of dentistry, achieving business success is essential for practitioners, each for different reasons. However, amidst the complexities of running a dental practice, one universal truth remains – great dentistry cannot thrive without a successful, thriving business at its core. At Dentally we’re here to help you achieve this.
The secrets to success
It’s a two-way relationship; the business empowers the dentistry, and the dentistry fuels the business. So, what does it take to achieve this crucial business success? With Dentally, the answer is refreshingly simple:
- Compelling vision: a clear, compelling vision serves as the guiding light for you and your team. It sets the tone, shapes the culture, and inspires everyone within the practice towards a common goal
- Get focused: focus is the secret sauce that turns vision into reality. It’s about channelling your energy, resources, and efforts towards the most impactful actions, driving the practice towards its goals
- Execute consistently: consistency is key. It’s the steady, relentless pursuit of excellence and the daily commitment to doing the simple, sustainable things that build success over time
- Make time for what matters: time is precious, and how we allocate it shapes our success. Have you ever documented all daily tasks in your practice, assessing their value versus time-wasting activities? Having the time is about priorities so find out what you can automate and reallocate your time
- Keep score: monitoring progress and key metrics is crucial. It’s about having a clear understanding of where your practice stands and using that data to adjust and improve continuously.
Key drivers
We’ve seen the remarkable impact of these simple steps in action. Through the disciplined execution of a straightforward model, dental practices have witnessed astounding revenue growth of 32%.
The model is simple: an increase in chair time utilisation and/or average hourly rate equals revenue uplift. Achieving these two critical components can be realised through several key drivers:
- Recall effectiveness: proactively engaging with patients to ensure they return for regular check-ups and treatments significantly impacts chair time utilisation. This ultimately drives revenue growth
- Enhanced online presence: leveraging the power of digital platforms to connect with existing and potential patients can significantly bolster chair time utilisation and practice revenue
- Decrease in FTAs and short notice cancellations: minimising failed-to-attend appointments through effective scheduling and patient communication is a vital step in maximising chair time utilisation
- Optimising patient experience: by creating a welcoming, patient-centric environment and delivering exceptional care, you can ensure that chair time is utilised efficiently, fostering patient retention and attracting new patients
- Attracting new patients: expanding the practice’s patient base contributes to increased chair time utilisation and, in turn, propels revenue growth
- Boosting treatment acceptance: engaging patients effectively, educating them about treatment options, reducing barriers to care, and building trust leads to higher treatment acceptance rates, directly impacting revenue.
‘Transformative business success’
At Dentally, we are passionate about empowering dental practices to achieve transformative business success. Our customer success programme, Dentally Elevate, is designed to simplify and amplify your path to success. Here’s how we do it:
- Complimentary data-led review of current performance: we’ll provide a comprehensive analysis of your practice’s performance, identifying both opportunities and risks to guide your path forward
- Creating a business success plan: together, we’ll craft a tailored, actionable roadmap towards your vision of success, setting clear objectives and strategies to achieve them
- Coaching on each objective: our dedicated team will provide personalised coaching and support for every objective identified in your business success plan, empowering you at every step
- Practice management software (PMS) optimisation: our cutting-edge, cloud-enabled practice management software is tailored to streamline your operations by automating everyday tasks, elevating your practice to new heights of success.
The road to business success in dentistry doesn’t have to be complicated. With Dentally Elevate, making this journey simple is well within your grasp.
Your success is our success! Let’s embrace the power of simple, execute it consistently, and together, we’ll achieve extraordinary success in enhancing dental practice management. Reach out to our team today at dentally.com and find out what you can achieve.
This article is sponsored by Dentally.
