How to Build a Booming Dental Business in the New Economy

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Presentation transcript:

How to Build a Booming Dental Business in the New Economy

www.strategicpracticesolution.com

Tricia Casasanta Tricia is President of Strategic Practice Solutions. Since 2009, SPS has been providing dental practices with knowledge, skills and personal coaching to improve revenue, leadership, staff communication and client satisfaction.   Working closely with dentists, Tricia realized that the majority of clients do not have the time, tools or systems to run their practice efficiently in order to achieve their business and personal goals. This led Tricia to create the SparkPlug Dental Practice Management System™, a unique approach that walks dentists and their staff through a series of steps for creating a system for running and growing their dental practice. As a certified trainer in DiSC – a process for understanding why people behave as they do – Tricia and her team assist practices in understanding employee motivations and find the “perfect fit” for an office based on that insight.

Challenges You Face Today Production Staffing Competition Regulation Insurance Patients Technology

Your Dental Practice is a System

Benefits of a System Ability to get out of the day-to-day and see the big picture Ability to approach your dental practice logically, practically and systematically Ability to assemble and develop a team that is fully engaged and cares as much as you do Ability to implement clear processes that everyone can understand and follow Ability to spot an ideal patient Better understand what differentiates your practice Ability to become proactive vs. reactive

5 Steps to Building a Booming Dental Practice in the New Economy Take the Pulse of Your Practice Hire and Develop Rock Star Team Members Create Standard Systems and Procedures Embrace and Utilize Technology Make Marketing a System

Step 1: Take the Pulse of Your Practice

Key Performance Indicators (KPI) Practices that are either performing or not performing well AUTOMATICALLY and IN A SHORT PERIOD of time, dramatically see an increase in production just by tracking various Key Performance Indicators.

Important KPIs to Track Payroll Benefits Dental Supplies Lab Bills Rent/Mortgage Collections IT Expenses Marketing Case Acceptance Production/Hour Production/Visit Attrition Recall Marketing ROI

Step 2: Hire and Develop Rock-Star Team Members

The Cost of Making the Wrong Hire How much would it cost your practice if a family of 5 decide to leave because they were not treated properly?

A Hiring System Includes: Review the history of the open position for incite on the competencies and skills required Build a profile of the position(Competencies & Skills) and Job Description Sourcing and recruiting Interview and Selection Process Reference and background check Working interview 30-day performance review Agree on salary and benefits

Step 3: Create Standard Systems and Procedures

Step 4: Embrace and Utilize Technology

Step 5: Make Marketing a System

5-Step Marketing System STEP 1: Understand Your Current Situation STEP 2: Pinpoint Your Ideal Patient and Create Buyer Personas STEP 3: Understand Your Brand and Define Your Core Difference and Market Position STEP 4: Audit and Map Your Patient’s Experience 

The Marketing Hourglass™ Know Like Trust Try Buy Repeat Refer

5-Step Marketing System STEP 1: Understand Your Current Situation STEP 2: Pinpoint Your Ideal Patient and Create Personas STEP 3: Understand Your Brand and Define Your Core Difference and Market Position STEP 4: Audit and Map Your Patient’s Experience  STEP 5: Make Selling a System Too

SparkChange.

For Your Complimentary Dental Practice Assessment Visit http://bit.ly/1E7I5I0 For Your Complimentary Dental Practice Assessment

Questions

Contact Tricia PHONE: 888.421.1808 EMAIL: tcasasanta@strategicpracticesolution.com WEBSITE: www.strategicpracticesolutions.com LINKEDIN: www.linkedin.com/in/triciacasasantaperformanceplus

www.strategicpracticesolution.com