I have had more questions in the last month from doctors about whether or not they should hire a specialist and how to pay them if they do. The inquiries and questions always start with: “Have you ever brought in a specialist to work in your practice? How did you pay them?” The answer is yes, and I have paid them several different ways. I can ...
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We are on week four of saving time through simple black and white strategies. Unless each of us embraces change and learns to be more productive in a shorter amount of time with better results than you are currently getting, we will fall victim of the PPO virus: Decreased reimbursements with few if any adjustments in fee schedule. Like it or ...
Read MoreSpeed can be dangerous, but doing something in less time can be fun. This is part three of tips that will save you at least 10 minutes every time you use them. Keep in mind that some of these actions are done multiple times a day. So, it’s not just the 10 minutes you save. It is the cumulation of time savings and speed that add dollars to your ...
Read MoreMay 16, 1986: Over 30 years ago, the quote from Maverick and Goose in Top Gun was: “I have the need for speed”. A little corny, but it hits nail on the head for dentistry today. We have to deliver services and products at least 25%-35% faster with as good or better quality than we are doing right now if we ever expect to compete in an ...
Read MoreI hope you are like me, because I love clinical tips and shortcuts that insure a better result in less time. Before we start, let’s set the rules. It has to create a better result (higher quality than you currently get). Speed without a measurable improvement is just plain wrong without an improved finished product. It is true that speed comes ...
Read MoreMost dentists never become financially free because everything we are taught about money and investing is designed to make others wealthy and us poor. Here are some examples that keep us poor: Pay yourself first and save and invest; why pay off a 4% interest loan when I can make 7% investing; buy term Life insurance and invest the difference; get ...
Read MoreWhat if the worlds largest retailer decided to provide Primary care, dental, counseling, labs & x-rays, health screening, optometry, hearing, and fitness & nutrition right in your back yard? What if they do it with fees that are 30%-50% lower than what you charge? Will this affect your bottom line and number of new patients you attract? I ...
Read More(YOU ARE GOING TO WANT TO READ THIS EVEN IF YOU ARE SOLO.) WHAT FOLLOWS HOLDS THE SECRET TO SUCCESS FOR ANY DOCTOR IN ANY SIZE OFFICE. Got an email today from a doctor in a three-doctor office. “I’m in a group practice (3 docs – 2 partners and 1 associate). We have an “eat what you kill” arrangement that has generally worked ...
Read MoreAs we round up our third part of what it takes to survive as an independent practice, we arrive at a prediction. We mentioned it earlier but it bears repeating. The Left Behind Prediction The dentists that are most invested in the old solo practice model will be the last to change. This means that mainstream dentistry and dental practices ...
Read MoreIf you missed my last article, please go to: www.summitpracticesolutions.com and search the link to all our articles. We are dissecting what it takes to survive as an independent dental practice now and in the future. In an effort to identify those practices at the greatest risk, I am giving you the top 12 things that are certain to hold you back ...
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