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Six dental industry KPIs, benchmarks, and ways to improve your practice health

Learn the best dental office management strategies to grow your practice.

Dental practice kpi

Excel in both dentistry and business

Dental professionals go to school to learn how to heal people—not how to run a business. Yet, you’re immediately responsible for everything that goes into running a business and keeping it afloat. Dentists have to learn to both deliver excellent patient care and meet the demand to improve the practice’s business. 

We understand that there isn’t always a repository of information that dental professionals or office and business managers can use, especially when issues arise — so, we made one! 

Six KPIs, Benchmarking, and Ways to Improve Your Practice Health is an eBook that equips practice owners and managers with a reference guide to managing practice performance and improving their literacy on what data matters when tracking practice performance. 

Master the best dental office management strategies by downloading our eBook today!

Get a sneak peek

Use the dropdowns below to get an overview of the content in this free, downloadable ebook for dental professionals.
Why is benchmarking your dental practice important?
In research performed by the US Bank and reported in Forbes, 82% of businesses fail because of poor cash flow, lack of understanding of it, and proper management skills.
The Dental Economis journal echoes these types of numbers.
Remember that for every 1% increase in collections, the doctor’s income (not production or revenue) increases by $1,000 for every $100,000 practice revenue.
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What dental KPIs should practices be measuring?
KPIs are critical to any business. By measuring them regularly, you understand where your practice is doing well or falling behind.
We recognize the uniqueness of every dental office and suggest that starting with a low amount of standard KPIs can be expanded or decreased depending on your need, following is a menu of our essential barometers.
Active patient numbers, case acceptance, production, revenue, profit, and overhead are common dental KPIs measured.
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What are dental benchmarks to compare your practice to others?
According to the study “An introduction to benchmarking in healthcare,” there are four comparative ways to utilize your data: internal, competitive, functional, and generic.
When starting your benchmarking process, you set your competition.
That is why we advise that once you have chosen your dental KPIs and performed your baseline information extraction, you develop a reporting framework to keep the information front of mind and accessible for comparison as you grow your business