Now more than ever, the dental market is a competitive industry, and it takes more than graduating from dental school to maintain a booming dental practice. Dentists and supporting staff must strategically and carefully perform dental practice management to not only support daily operations but to attract new patients to foster growth as well. In this blog, we unpack three dental practice management secrets that can not only help your practice survive but thrive.
1. Develop a Strong Office Culture
Forbes reports that companies with strong cultures have seen a 4x increase in revenue growth. Your office culture is how you run your practice:
- What is the experience like for your new and familiar clients?
- How does your team work together and communicate?
- How do you delegate tasks and grow your team?
Whether you intentionally establish it or not, an office culture will develop. For this reason, dentists and office managers need to create a culture that matches general practice long and short-term goals. It’s important to note that office culture isn’t an idea reserved for traditional dental practice settings. Even though the virtual staff is not physically in the office, it is essential to establish a strong office culture with them as well.
2. Don’t Be Afraid to Outsource
Outsourcing can be a significant step in business optimization. When companies outsource, they have more time to focus on their core competencies and can potentially improve efficiency and cut costs.
At Dental Practice Enhancement, our virtual administrators are an affordable option for our clients that want to:
- Spend more time treating patients
- Delegate the daily administrative workload
- Optimize their practice without hiring another full-time staff member
- Increase productivity
- Keep data safe with HIPAA compliancy
Additionally, more task delegation may improve job satisfaction for other employees by lifting the load of too time-consuming or tedious tasks. Instead of fighting with insurance companies or collecting overdue balances, your dental support staff can nurture relationships with current clients and learn new skills.
3. Grow Your Staff
Employee engagement refers to an individual’s level of commitment and connection to an organization and may be the secret to retaining employees. When employees feel engaged with their work, they care about their contributions to the company and being a part of a successful business.
We’ve just established that employee engagement is essential, but at what cost? Companies with high employee engagement are 22% more profitable because engaged employees have more motivation to be productive to deliver high-quality work.
One strategy that employers can use to keep their team engaged is to encourage and nurture opportunities for growth and development for both seasoned staff and brand-new team members. Curiosity and the desire to never stop learning are powerful innate human instincts that can drive humanity (and your practice) forward. Your staff can feel supported as they navigate their careers and push them beyond their current mindset by consistently offering training.
Improve Your Dental Practice Management for 2022
If you want to start the new year off on the right foot, consider partnering with Dental Practice Enhancement for:
We work with dental practices everywhere to help come with plans that can help boost their productivity and streamline their business. Visit our website or call (833) DPE – FOR – U to learn more about our services.