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How Virtual Office Management Can Help You Weather Inflation

The COVID-19 pandemic was particularly difficult for dentists and other healthcare providers, but you navigated the challenges, stayed loyal to your patients, and kept your practice thriving. Now inflation rates are rising rapidly and much higher than forecast. While this is a concern for most people, soaring costs are particularly troublesome when it comes to dental practice management. If you are struggling to provide the best service for your patients, while still keeping your costs to a minimum, virtual office management may be the solution. 

Remote office managers can provide outstanding administrative services and patient communication, which can increase practice productivity. At the same time, virtual management can also save money. 

At Dental Practice Enhancement, our virtual management team is specially trained in dentistry, including insurance, billing, and medical terminology. Contact us to learn more about our services or to set up a coaching session.  

Reduce Payroll with Virtual Managers

This June, inflation rose by 9.1%, the highest jump since 1981. Accounting for inflation, salaries are down 3.6% from last year. As a dental practice owner, this can be concerning, especially if you cannot afford to adjust your payroll in response to the rising cost of living.

Virtual office management typically costs less than a salaried employee. Plus, when you work with a manager at Dental Practice Enhancement, you don’t have to shoulder the expense of training.  

Worry Less about Long Term Commitment 

There is no doubt that we are living in economically uncertain times. Some economists assure us that the risk of a recession is not much higher than normal, while others posit that a recession is almost inevitable. In the midst of such volatility, you may be worried about taking on a new, full-time employee. With virtual office management, you can hire someone for as much or as little time as you need. And you can continue to assess your needs and financial status, making adjustments as needed. 

Increase Revenue 

Remote office management not only minimizes costs; it can also raise the amount of money coming into your practice. If your administrative staff is overwhelmed, patient follow through may suffer. Maybe you are losing patients because they are frustrated with the lack of communication. Or perhaps your office team is spending valuable time chasing down delinquent payments. 

In either case, virtual management can help! With remote assisting services, your team will have more time to make those important follow-up phone calls, answering patient questions and checking on individuals after treatment. This will keep your patients coming back and may even bring in new clientele. Plus, a virtual management service can handle accounts receivable and make calls regarding overdue bills. 

Hire Outstanding Virtual Office Management Today

Inflation is a challenge, but it’s one you and your practice can handle! Reduce your stress and expense with our outstanding virtual management services. To learn more about what we offer, contact Dental Practice Enhancement online or call (833) DPE-FOR-U. 

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