As dentists, we count new patients, hourly hygiene production, and cost of performing procedures. We have lab fees and supply costs to evaluate and are always tweaking our marketing to attract more quality patients.
I look at the practice in two ways. You can either produce more or save more. A combination of both can help make a practice more profitable.
An easy way to save money is to evaluate your credit card processing fees yearly! Pennies per transaction add up quickly, as most patients are using a credit card. A practice with $500,000 in annual credit card charges can save 0.5 percent and result in $2,500 a year in extra cash flow!
We use Worldpay because we get a great discount, it’s an incredible service, and they are competitive every year we check.
It’s easy to shop around. All companies offering this service will require the last monthly statement in order to give you a cost comparison. It is an easy project for one of your team members! If you don't have time to shop around, you should check out Worldpay!
Click here for more information on Worldpay Credit Card Processing.
I find you can never have enough good “tools” in your restorative kit for everyday dentistry. Not all teeth and restorations are equal, and after we follow proper protocols, the armamentarium can differ.
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