Enumerate How A Firm Formulate And Implement Its Growth Strategies Operation RIM in 2012: Eliminate Managed Care By Operating a Managed Dental Practice

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Operation RIM in 2012: Eliminate Managed Care By Operating a Managed Dental Practice

Managed care will be Crippling your dental practice.

But, there is an alternative. By providing strategic management and leadership to your existing dental practice, you don’t have to short-change business growth. Dental Coach © Dentists come to me with problems related to their practice profitability, growth and management. Many dentists get into trouble because they don’t realize the negative financial impact these third-party managed care plans have on the practice’s bottom line. I solve that problem.

Using sound, proven business management principles along with my experience as a dental CEO, I identified two options: 1) provide the same level of high quality dental care at a significantly lower cost or, 2) reduce participation in the “alphabet soup.” Among many managed care programs.

It’s not an overnight success, but neither is starting your dental practice. This solution-oriented approach will help solve the dilemma that managed care brings to your dental practice. As you go through each of these steps, focus your mind on the transition from set, energy and intensity Systematic care to systematic practice.

Read below for a list of my top five recommendations to help reduce routine maintenance in your dental practice:

  1. Create your list of core values ​​and practice vision. Your core values ​​will provide important guiding principles around which you make all business decisions. Communicate this to your team and get them on board. I suggest you put it on the bulletin board in the break room.
  2. Check each managed care contractWhen compared side-by-side with your core values ​​and practice vision. What’s up? What doesn’t?
  3. Develop a financial profileYour dental practice. Work with your CPA or financial advisor to do this. Integrate the financial profile with the demographics of the existing customer base.
  4. Evaluate current plansTo determine which one to terminate. Determine the order to release them and develop a timeline.
  5. Apply effective management techniquesThis will reduce costs, improve efficiency and increase profits. Examples: develop an annual marketing plan, expand service offerings, improve case presentation, integrate a new financial option for patients, adjust the fee schedule, and provide additional training to the entire team.

The most important thing is: modify, re-measure, re-measure and re-measure and remember the philosophy. As dentists, we sometimes forget to think, act and behave like a CEO. Making this change in 2012 could make all the difference in your practice.

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