Keys to Practice Profitability and Overhead Live Stream

Last updated on June 14th, 2024 at 10:18 am

The Top 6 Profitability Killers in a Dental Practice
Virtual Workshop

Learn powerful information for unlocking hidden revenue sources and minimizing overhead!

Upcoming Dates:
Friday, August 9, 2024 – 11:00am EST

Live-Stream Seminar
Cost: FREE
Admission includes: Doctor, spouse and one staff
2 CE Credit

This is an interactive meeting.
Live participation is required, so please enable your audio and camera during the event.

Pramod Thomas, DDS
Pramod Thomas, DDS
Richardson, TX
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Statistically my collections are up significantly with better profitability. But more than that, my office is a very peaceful environment now. A lot of patients say ‘When I walk in here, WOW! I feel something different.’ It’s different from when they come out of their turbulent office.

About the Workshop:

With inflation continuing to march on, being able to operate efficiently and profitably is more important than ever before. However, most practice owners try to solve this by: 

A) Adding more patients, which may help increase production but does not improve profitability, or
B) Trying to cut expenses, although there is only so much you can cut out before you start doing more harm than good. 

We don’t want you to sacrifice quality of care or practice growth. These are sustainable methods to maximize profitability in a way where everyone wins: your patients, your team, and yourself and your family. 

In this workshop we use a holistic approach, looking at potential revenue you are missing out on, how to increase production without raising expenses, where your true biggest areas of waste are (hint…they’re not what you think they are), and simple ways to keep your overhead in an ideal range as a percentage of total revenues. 

Especially with economic uncertainty on the horizon, these six profitability killers are something you need to resolve now to ensure your security in the coming years. 

**Attendance is free for the doctor plus two staff. If you would like to add more staff, please contact us.**

Course Objectives:

  • Identify the areas of waste and inefficiency in your practice.
  • Calculate your real overhead and gain tools for minimizing expenses.
  • Identify where the largest gaps are between what you are producing and what you could be producing.
  • Discover massive sources of potential revenue that most dentists overlook.
  • Create a plan to maximize efficiency and profitability while keeping the focus on delivering the best possible care to your patients and supporting your team.  

This seminar is given 100% free of charge, and you are not obligated to purchase anything upon attending.

Testimonials:

Dental education  trains us thoroughly on dental procedures and techniques, but it doesn’t teach us how to run a profitable business. This is what I got from MGE. They will teach you how to improve your income. I have more than tripled my collection and production numbers. Apply what you learn and you can truly flourish and prosper” 

– Arvind Philomin, DDS

“I came to MGE to  see my office hit its potential. With our growth, we’ve expanded from 2 to 5 operatories, while actually reducing my hours.  Statistically, the practice has more than 7xed its collections!

– Alla Dorfman, DDS

Register Now!

Seminar Agenda:

  • Eye-opening industry metrics: What trends do you need to know about in private practice dentistry and what does this mean for you? 
  • Making Insurance Work for You.
  • Potential Revenue Sources: If you were taking advantage of these opportunities, your overhead would become negligible. The biggest reason for high overhead is that revenues are too low. And the best part is: increasing your collections this way does not require higher expenses! 
  • Evaluating Your Overhead: How to calculate your true overhead, stay in control of it on a continuing basis, and keep it below the ideal percentage of total revenue 
  • Cleaning Up Waste: Identify the biggest inefficiencies in your practice that are costing you the most, and how you can clean them up.

Presenter:

Jeff Santone, MA ECON

Jeff Santone holds a Master’s degree in Economics from George Washington University and was a Senior Financial Analyst at the Federal Reserve Board of Governors for six years. He then joined his wife, Dr. Virginia Lee, as the business manager of Capital Oral & Facial Surgery Center.

In 2007, Mr. Santone enrolled in and completed the MGE Executive Training Program. Applying his expertise in the areas of management, personnel, finance and marketing, he has been instrumental in transforming Capital Oral & Facial Surgery Center into one of the top specialist practices in the DC Metro area. A model of efficiency, the office has seen a collections increase of 400%—$50,000 per month to well in excess of $200,000 per month, with only one doctor.

Jeff began lecturing all over the US & Canada in 2012 as a guest lecturer for MGE, and in 2018 came on board full time as part of the MGE team as our New Client Executive.

MGE Management Experts - Dental Consultants

About MGE:
Management Experts

Headquartered in St. Petersburg, Florida with a satellite office in Anaheim, California, MGE provides practice management education and coaching to dentists, dental specialists and their teams. For over twenty years we’ve taught tens of thousands of dentists how to stimulate growth, implement reliable management systems and increase profitability in their practices.

Decades of experience with the dental profession combined with a fierce diligence to stay on the cutting edge of industry trends, has made MGE the “go-to” solution for thousands of dental professionals looking for the freshest and most effective practice building strategies available. Backing this up, MGE clients’ practices grow at a rate beyond any other group in the industry.

MGE clients can be found in 48 US states and 4 Canadian provinces. Our team boasts over 50 staff, including an elite team of consultants, management trainers and service personnel ready to service our client’s needs, both in person and online.