Work Less, Earn More: The Dentist's Blueprint to a Dream Practice & Life

Dentists are facing a decline in income while working longer hours, and they're struggling to manage all the patients requesting appointments. This is exacerbated by increasing operational costs and inefficiencies in their financial strategies.

Many dentists also lack comprehensive financial guidance, leaving them overwhelmed and unable to optimize their practices. Overall, they're working harder for less, grappling with rising expenses and complex operational issues.

Things You Need to Know!

Dentists are facing a multifaceted problem characterized by several key issues:

Declining Income: Despite recovering from the COVID-19 pandemic, the average annual net income of general dentists decreased by 7% in 2022, exacerbated by increasing practice expenses.
Rising Expenses: Over the last decade, dental practice revenues increased by only 2.2% while expenses surged by 7.7%, thus putting pressure on net income.
Longer Working Hours: General dentists reported working 4.5% more hours in 2022 compared to the pre-pandemic average, adding roughly 1.5 more hours per week.
High Patient Demand: About 37-38% of general dentists report being too busy to treat all patients requesting appointments, hitting an all-time high.
Complexity in Financial Management: Dentists face various gaps or 'levers' that they can manipulate to improve their practice's financial health. These include the 'Effort Gap' concerning days worked and production, the 'Collections Gap' focused on net collections percentage, the 'Overhead Gap' dealing with practice expenses, and the 'Cash Flow Gap' which relates to understanding the Profit & Loss statement and what it does not reveal.
Lack of Accounting Insight: Traditional dental accountancy often needs to include vital aspects like cash flow and overhead, leaving dentists uninformed about optimizing these areas.

In summary, dentists work longer hours for less pay, grapple with rising expenses, and lack essential financial insights to effectively manage and grow their practices.

It's time to reverse this trend.

What You'll Learn:

In this high-impact webinar, you'll be introduced to the four key "Gaps and Levers" framework to reshape your practice:

Effort Gap: Combine your workdays, gross and net production, and write-offs to avoid burnout.
Collections Gap: Optimize your net collections percentage and boost your bottom line.
Overhead Gap: Understand what is and isn't genuinely overhead and how to lower it effectively.
Cash Flow Gap: Unearth the hidden insights from your P&L and what your dental accountant might not be telling you.

By understanding these gaps and levers, you'll be in a stronger position to optimize your practice for long-term success and personal fulfillment.