This comprehensive service evaluates the primary systems in the dental practice to uncover dormant revenue and growth potential. You can think of it as a practice performance “snapshot”, illustrating areas of opportunity.
The assessment entails pre-on-site data collection and on-site analysis and a report containing facts, findings and actionable recommendations to improve practice performance. We review the report with you and together we agree upon the right practice improvement plan. Next, we prepare a customized coaching proposal, to facilitate its implementation over a specified period of time.
In response to many client requests for this service, TMFD Financial, Consulting offers HRA to dental professionals. Staff costs are typically the highest operating expense and we provide advice and solutions to reduce and meet industry norms.
We review your current employees relative to the practice needs, and then design job descriptions with performance measurements, evaluate team performance and identify training requirements.
The INS service provides dentists with a tool to examine their practice performance relative to industry norms. The dental practice management coach, along with TMFD Financial professionals, examines the financial performance of your practice, and identifies whether expenses are below or above industry norms. An INS is completed and we discuss the results as well as strategies to bring expenses into line with industry norms. Our dental practice management coaches work directly with you and your team to achieve results in specific areas.