Dental Genius

"We help dentists get smart about business."

 

866-332-6224

info@dentalgenius.com

 

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter
 

Home

Coaching
Dental Marketing
Mystery Shop DDS
Cosmetic Coaching
Products
TeleForums and Webinars
Podcasts
Presentations
Alliances
Free Newsletter
Client Results
Recommended Reading List
Angie Skinner and Penny Limoli are members of the National Speakers Association

Approved:
10/19/07-10/18/11

 

Client Results
CS222A  
Background:

This solo practitioner in an urban area had been in practice for 12 years when he brought the Dental Genius team onboard.  He only had one operatory and did all of his own hygiene.  His patient base was primarily middle aged to older adults

Problems:

 

The doctor was constantly worried about paying his bills and funding his retirement.  He needed to expand his office but wasn’t financially able to do so.  His schedule was frequently open, with patients who didn’t show up.  When the Dental Genius team first came on-board his production was $291,000 and his collections were $288,000.

Solutions:

 

We paired the doctor with a lender so he could expand his operatory space. We helped him realign his schedule, getting the patients in the right places, and we helped his staff train the patients to value their appointments.  We assisted him in hiring a new team, including a highly experience dental assistant, a front desk person with extensive dental background, and a hygienist.  We revamped every single form and system in the office and introduced a dental software system, replacing the office’s paper system of scheduling and accounting.

Results:

During Year 1 of coaching the office produced $432,000 and collected $407,000, at 94%.  During Year 2 the office produced $487,000 and collected $466,000.  This represents a 38% increase ($178K, or $15K a month) from where the office was prior to coaching.  The doctor was able to add to his existing operatory space.  He began to fund his retirement, paid off all his bills, and paid cash for all the upgrades to his office. 


CS253A  
Background:

This doctor had been in practice for two years. He had worked briefly for a public health facility but wanted to be an entrepreneur. He had four operatories, one hygienist and one administrative person, plus two chairside assistants. His office was in a good location in a renovated downtown building that he had purchased for a great price. Overhead was at 76% due to start-up costs, and staff salaries were at 44% due to inappropriate scheduling. Collections were at $542,000 and production was at $677,000.

Problems:

 

The doctor’s production was meeting his financial needs but he felt he could do more to increase his personal wealth as well as the overall patient experience in his office.  The schedule allowed him to average only about $2300 per day in production. He saw a large amount of state-sponsored healthcare patients, who were notorious for no-shows.  Collections were at 80%, as the administrator often let patients leave without paying for treatment.  No system of controls was in place to be certain that the office made financial goals or that policies were followed.

Solutions:

 

Dental Genius implemented a new strategy for the operative schedule and assisted the doctor in creating space for another hygienist to boost daily production. The office was slightly upgraded, but overhead basically stayed the same.  We set daily, hourly and annualized goals for production and collections.  We added another administrator to be sure all aspects of clerical systems were adequately handled, and implemented job sharing/cross-training as necessary.  We systemized the office’s forms, tools and techniques to be sure communication from front to back was improved and maximized.  In addition, we pre-blocked state-sponsored patient time and eventually eliminated the need for it in the office, though the doctor does continue to see those patients as a community service.

Results:

By the end of one year of coaching, the office netted $1,027,500 and collected $983,400.  This is a comparable increase of $441,000 in collections in a 12-month period ($36,750 per month in profit).  The doctor was able to repay his startup costs, travel the world on his days off (4-5 weeks per year), save money and eventually build a dream home in the area of his choice.  After only five years of practice, he can look forward to continuing this lifestyle for the remainder of his career.

 

CS784A  
Background:

This solo practitioner located in the south-central United States saw patients four days a week in the practice and was producing close to $50,000 a month.

Problems:

 

He was barely able to pay his bills but had a strong desire to raise the standards of what he expected from himself and from his team.  He also wanted to raise his standard of living.

Solutions:

 

About a dozen action steps were outlined to implement over the next 90 days after the initial meeting between the team and the coach.  One of the biggest needs was additional new patients.  Since the doctor had never really advertised, the Dental Genius coach recommended a new patient offer and advertising venue and encouraged the doctor to move forward with the marketing initiative.

Results:

The doctor did the direct mail piece in July and in August had a record number of new patients and produced $100,000 (a 50% increase over his previous monthly production figures).

 

CS254C  
Background:

The senior doctor in this three-doctor practice is 50 years old. The office building is new and cost close to $1 million. The two other doctors, both employees, are paid on 35% commission. The office is open five days a week with rotating doctor staff. Production averaged $122,000 per month and collections were hovering at $100,000 per month.

Problems:

 

The senior doctor was dipping into his dwindling savings to support the practice overhead. This was painful as he had already cut his salary due to inadequate funds. He owed 80K to the IRS and had stacks of bills to creditors lying on his desk. Neither of the other two doctors was making what they would like to make in salary. With a 20+ member team, payroll expenses were daunting. Staff costs were at 31%. The senior doctor was constantly requested to give away or discount fees to people he knew in his small town. Dental Genius was hired to help this practice get out of debt and maximize its production and collections.

Solutions:

 

We implemented the Dental Genius Management program, including maximizing the schedule, tightening collection controls, job-sharing, and cross-training employees. We spearheaded a new reactivation and hygiene recall plan to boost effectiveness in hygiene. We also began a local advertising campaign to draw patients in during evening hours, when the office is not only open, but adequately staffed. 

Results:

Within 30 days, the office produced/collected $170,000. Since the second month of coaching, they have moved from collecting $176,000 to their current collection rate of $200,000 +. Collections are now at 95% or better. The doctor has paid all of his outstanding bills, including the IRS, and the plans are in place for one associate to buy into the practice. The office had so much extra income that it was able to buy a Cerec3 to offset future lab costs. The work week for all providers is being reconfigured so that no doctor works over four days per week. Another full-time hygienist was added. The senior doctor plans to fund his retirement and repay himself for the savings he lost prior to hiring a coach.  He has the exact same team as before, but is making an additional $100,000 per month in profit which he graciously shares with his team in the form of bonuses. 

 

CS275A  
Background:

This multi-talented doctor performed general dentistry in a family practice, focusing on the restorative process. He considered dentistry to be quite fun and enjoyed ortho, oral surgery, endo work of all kinds and crown and bridge.  He had ended the prior year with $763,000 in production and $726,000 in collections. The office had four operatories, a long-standing hygienist, two clinical assistants and two front desk employees.

Problems:

 

The doctor had hit a plateau and could not seem to produce over $800K.  His schedule was chaotic, as he frequently did difficult surgery. He was extremely fast but could not seem to manage his time; he was constantly pulled in every direction. The patient base was deeply driven by insurance – insurance payments accounted for 74% of all income. New patient numbers had fallen by 38% in the past two years. Overhead was at 72% and no provider was as productive as their time allowed.

Solutions:

 

Like many clients, this doctor was unsure of many suggestions and did a median amount of change – as was comfortable for him. He didn’t want to change who he was or how he practiced; he simply wanted a greater return for his considerable daily effort.

With this in mind, we implemented the Dental Genius Management Program, including a complete overhaul of the operative and hygiene schedule. We positioned a new protocol in hygiene to reactivate patients, preappoint existing patients, and effectively confirm appointments. We changed the new patient process to reflect certain marketing initiatives, and utilized internal marketing efforts to encourage referrals and turn cancellations into appointments.

Results:

Within 12 months, the practice saw a 28% increase in production ($972,500) and 21% in collections ($910,020). This reflected an increase of $184,000 in collections (over $15,000 per month). The next year was even better, with final production at $1,165,616 and collections registering at $1,172,492. This is a full increase of 29% over the previous year’s collections. The end result is that the doctor collected an additional $37,000 per month in profit that he had not realized prior to coaching. 

With the extra income, the client completely renovated the office, added a hygiene coordinator as well as an orthodontic assistant to support the ortho schedule, paid for additional cosmetic education and created a marketing message. He implemented a bonus strategy that encouraged the team to help him meet his goals. During Year Two, each team member made over $12,000 in bonus compensation.  He purchased 250 acres next to his home for a private retreat, where he and his wife house 40+ thoroughbred horses.

 

CS734AS  
Background:

This is a solo periodontist in the southeastern United States whose average monthly production to this point was $70,000.  His collections were at 100%.

Problems:

 

After 18 years of practice the doctor was experiencing a plateau in his practice, as well as the unexpected turnover of his entire team.  He needed to re-energize his practice, a potentially daunting task with an entirely new staff (the most tenured employee had been there 90 days when Dental Genius came onboard).

Solutions:

 

Behavioral assessments of all team members, as well as the doctor, were conducted; this enabled the doctor to understand his own leadership style as well as the work style of his new team.  Written goals were set and were shared with the team.  A referral program was put into place for the doctor and his referring dentists.

Results:

Within the first 12 months of coaching, the practice production had risen to $82,276 per month, an 18% increase.  All of this was done without increasing the number of staff members, workdays, or overhead and while maintaining their collection percentage of 100%.

 

CS238C  
Background:

This multi-doctor practice in the south has offices in four different cities. Of the four doctors in the practice, one is the owner and the other three are employees who earn 30% commission above their salary. When Dental Genius came onboard with the practice the total income was $1,747,000 for that year. 

Problems:

 

Communication among the team members was difficult because of the multiple locations and the size of the team – over 40 members.  Open time in the practice was a problem, as was the lack of a daily goal.  The senior doctor was skeptical of the templated schedule model, and as a result, the doctors’ time wasn’t being booked to its maximum productivity potential. 

Solutions:

 

We instructed the offices on how to influence patients to accept treatment, using feedback gained from patient interviews.  We guided them on filling and streamlining the schedule properly, including retraining the patients about when emergencies could be seen.  Cross-training within the practice was taught, and communication was improved among team members through quarterly meetings, daily huddles, and talking about their goals for the practice. The patient-doctor-staff relationship was improved through information gained in brief pre-appointment interviews.  Marketing efforts were stepped up for the practice.

Results:

The practice saw over 100 new patients a month, practice-wide, and realized a $2,258,000 total income after 12 months of coaching. Case presentation effectiveness was increased, and collections were increased by $511,000 within six months.

 

CS2727A  
Background:

This dentist is located in a medium-sized city in the Southern U.S.  He has been in practice for 30 years, has an extensive word-of-mouth following and has a warm, outgoing personality.  He is a savvy personal marketer whose strong verbal skills help him say the right things to close the sale.

Problems:

 

In 2005 this client joined an internal marketing effort partnered by Smile-Vision and Dental Genius.  It involved a three-month commitment by participating offices during which the office would do a minimum of 35 imaging cases per month and attend several telephone coaching sessions hosted by Smile-Vision and Dental Genius.

Solutions:

 

The dental staff made definitive decisions about who they were going to image – for instance, all new patients?  all those over 35?  They went over a procedure to introduce the idea of cosmetic dentistry to patients through a series of conversational questions.  They also worked out other details, such as who would take the pictures, who would upload them to Smile-Vision, who would download them when they were complete, who would send the images to the patient, etc.  They had a huddle every day to consolidate and organize their efforts, making them more direct and streamlined. 

Results:

After a $6000 initial outlay for equipment, this dentist offered cosmetic simulations to 83 patients and realized a 36% case acceptance rate, which translated into $530,000 worth of cosmetic imagery.   Note:  This is cosmetic dentistry only; NOT his total practice numbers. 

His practice was successful in this endeavor because they had a definite plan and followed it, they used the equipment the office had invested in, and they were consistent and organized with their approach.

     

 

 

Home | Site Map | Our Company | Products | Free Newsletter | TeleForums and Webinars | Coaching | Client Results

Podcasts | Meeting Planner | Cosmetic Coaching | Alliances | Mystery Shop DDS | Dental Marketing


Dental Genius
P.O. Box 3003
Tupelo MS 38803
Phone 866-332-6224
Fax 662-796-3182
Email
info@dentalgenius.com