We make decisions every day. Sometimes, they don’t matter much (chocolate or vanilla?). Sometimes, they do (You are now pronounced husband and wife).
Let’s take a step back for a moment and look at how we make these decisions.
We all make decisions based on information, but when it comes down to business, it’s easy to get overwhelmed and we use our instinct and intuition. Ask yourself: Is my dental practice successful? Now ask yourself another question: How do I know?
One of the biggest trends in business right now is using metrics and assessments to make better business decisions. Metrics are measurements that are used to gauge performance, how many patients can a hygienist see in a day, how many days do they work, how much revenue does this generate?
There are many different ways to use metrics to understand your success and key performance indicators (KPIs). For instance, if you want to grow your practice, count the number of new patients per month and look at your referral sources. You can also look at improving your bottom line by tracking your outstanding accounts receivables and your success rates for converting routine visits to cosmetic procedures.
At DentalPost, we use metrics to help you make better hiring decisions. By using personality assessments, like DISC testing, values and skills assessments, and understanding work culture fit, we at DentalPost help collect this data so you can make better hiring decisions.
Data and metrics matter. So the big data craze is here to stay. Measuring these things can give you a clearer picture of your practice. Your calendar may well be booked from am to pm, but if you have got too many no-shows, or patients aren’t paying their bills, or insurance companies are giving you the runaround, or the bulk of your procedures are simple low-cost transactions, then your business could be losing out.
So, you’ll never know until you measure it!
Posted November 05, 2019
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Posted June 21, 2019
Spend more time with family. Have more time to pursue hobbies, go back to college, or write a book. Earn extra income to supplement your current job. Why do you want to temp as a dental assistant or hygienist? Temping in a dental office can be a super-convenient way to earn while maintaining a flexible […]
Posted May 24, 2019
So you’ve decided to find a new job—only to discover that the market is scarce. Job markets (like any market) ebb and flow. Some months, like September and October, are better than others because a lot of companies want to hire before the frenzy of the holidays. Other months, like June and July, aren’t so […]