If you feel that your dental practice is struggling, consider the things you do. Your ways of managing things may hurt rather than help your operations. Here are some mistakes dentists do to their dental practice, and ways to prevent them:
Buying excess dental supply
While it helps to have extra supplies in case of customer surge, it’s not helpful for your funds. You have not only pricey dental supplies, but also maintenance costs for office facilities and equipment to worry about. Track your inventory to ensure that you’re buying the right amount. Hire a consultant to manage your supplies and operating expenses if inventory management is not your strong suit. In addition, apps from sites like edentalmarket.com can help you negotiate your dental fees better.
Over-compensating your staff
Some dentists tend to be lenient to their staff by paying them generously. While it helps to retain your staff, it may also lead to your dental practice’s ruin. It’s more practical to pay them a bonus if they perform well at work.
Not tracking your appointments
Not tracking your appointments properly will cost you not only customers, but also profits. Your dental practice is still a business at the end of the day. Give away promos, discounts and other marketing strategies for your dental practice to attract clients. Your busy schedule makes it hard to track your appointments so you may want to invest in management apps and costumer counting tools to keep customers in line. Following up on your customers through automated surveys and reminders are good ways to re-advertise your services, as well.
There may be things you do that may harm instead of help your dental practice. By keeping track of your supplies, staff and customers, you may save considerable amount of funds to keep your business afloat.