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As a dental practice owner there are 4 major problems with operating your business. In this post I am going to address these problems and help you with finding a solution to these problems.
1) The price of malpractice insurance is too high.
Dental malpractice insurance is a must-have for every dental practice. Anyone and everyone can make mistakes, and whether you are trying to settle a claim that resulted from an honest mistake you made or defending against a frivolous lawsuit, a dental malpractice insurance company will stand in your shoes, process the claim, and pay any resulting liability up to your insurance limits.
According to research done by a risk management survey that was published by the American Dental Association, the procedure that is most frequently involved in paid dental malpractice insurance claims is a crown or bridge procedure.
2) Rent and operating costs are constantly going up.
Here’s a sneak peak at what that article shares about this:
“At a time when 73% of medical practices cite dealing with operating costs rising more rapidly than revenues as a considerable or extreme challenge (Medical Group Management Association, July 2009Member Opinion Survey), the unclear impact of recently passed healthcare reform legislation, termed the “Patient Protection and Affordable Care Act,” looms large for those who manage medical practices.”
3) Patients are holding off getting dental work done for various reasons.
One of these reasons has been that certain things take longer than many people want to take. An example of this is when getting crowns put in, it used to take multiple visits. A recent article entitled Quick crowns please patients as more put off dentist visits which means that some dentists are now able to get crowns done in one sitting. This saves the patient time and ultimately leaves them happier to do business with your practice.
4) Unable to find good quality help.
Finding good help is one of the most difficult things you can do for various reasons. You can learn more about finding good help at How To Hire The Right Staff For Your Dental Practice. Or if you’d like to save time and money doing research, we are currently offering a FREE Consultation for Dentists like yourself.
You can receive a free consultation by calling (877) 756-3844 and asking for Chris Hughes. I look forward to hearing from you and I hope to talk with you soon!