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How to Build a Booming Dental Business in the New Economy

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How to Build a Booming Dental Business in the New Economy

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Strategic Practice Solutions - Steps to Building a Booming Dental Practice in the New Economy
1) Take the Pulse of Your Practice
2) Hire and Develop Rock-Star Team Members
3) Create Standard Systems and Procedures
4) Embrace and Utilize Technology
5) Make Marketing a System
Learn more at https://www.strategicpracticesolution.com/

Strategic Practice Solutions - Steps to Building a Booming Dental Practice in the New Economy
1) Take the Pulse of Your Practice
2) Hire and Develop Rock-Star Team Members
3) Create Standard Systems and Procedures
4) Embrace and Utilize Technology
5) Make Marketing a System
Learn more at https://www.strategicpracticesolution.com/

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How to Build a Booming Dental Business in the New Economy

  1. 1. 1 How to Build a Booming Dental Business in the New Economy
  2. 2. www.strategicpracticesolution.com
  3. 3. 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.
  4. 4. 4 Challenges You Face Today Production Staffing Competition Regulation Insurance Patients Technology
  5. 5. 5 Your Dental Practice is a System
  6. 6. 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
  7. 7. 7 5 Steps to Building a Booming Dental Practice in the New Economy 1. Take the Pulse of Your Practice 2. Hire and Develop Rock Star Team Members 3. Create Standard Systems and Procedures 4. Embrace and Utilize Technology 5. Make Marketing a System
  8. 8. 8 Step 1: Take the Pulse of Your Practice
  9. 9. 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.
  10. 10. 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
  11. 11. 11 Step 2: Hire and Develop Rock-Star Team Members
  12. 12. 12 How much would it cost your practice if a family of 5 decide to leave because they were not treated properly? The Cost of Making the Wrong Hire
  13. 13. 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
  14. 14. Step 3: Create Standard Systems and Procedures
  15. 15. 15 Step 4: Embrace and Utilize Technology
  16. 16. 16 Step 5: Make Marketing a System
  17. 17. 5-Step Marketing System 17 • 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
  18. 18. The Marketing Hourglass™ 18 Know Like Trust Try Buy Repeat Refer
  19. 19. 5-Step Marketing System 19 • 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
  20. 20. 20 SparkChange.
  21. 21. Visit http://bit.ly/1E7I5I0 For Your Complimentary Dental Practice Assessment
  22. 22. 22 Questions
  23. 23. Contact Tricia 23 PHONE: 888.421.1808 EMAIL: tcasasanta@strategicpracticesolution.com WEBSITE: www.strategicpracticesolutions.com LINKEDIN: www.linkedin.com/in/triciacasasantaperformanceplus
  24. 24. www.strategicpracticesolution.com

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