|
 
Sally McKenzie,CMC
President
McKenzie Management, Inc.
|
Sally
McKenzie's
Weekly Management
e-Motivator
|
Click here to
print this e-Motivator Article.
Missed any past issues of
Sally's
Weekly or
Monthly
Newsletters or Magazine Articles?
(click an item to view archive)
June 10, 2002

WEB:
http://www.mckenziemgmt.com

For a FREE a Analysis of Your Practice by Sally
McKenzie...click here

This issue is sponsored in part
by:
McKenzie
Management
- A full service, in-office dental management
consulting company specializing in the business,
clinical,and hygiene areas of practices
nationwide.You can find McKenzie Management at http://www.mckenziemgmt.com
CareCredit
- More than 30,000 healthcare practices nationwide use
CareCredit as an
alternative means of helping their patients finance
treatment. You can find CareCredit at
http://www.carecredit.com
Dental Town:
-Never practice solo again! DentalTown.com is a free
community,
hosting dentistry's MOST ACTIVE message boards, classified ads and a dental event calendar.
The site is
open to dental professionals throughout the world, 24-hours a day, 7 days a week.
Once you visit,
you'll wonder how you ever practiced without it!
Log onto http://www.dentaltown.com
TODAY!
LaresResearch
- Make Your Practice Profitability Soar! SoftCare
boosts your hygiene
department profitability to a new level. Treatment of periodontal disease with the
Lares' PocketPro Lasers
is easy to learn and offers a quick and dramatic return
on your investment. Lares lasers will also make your dentistry faster and easier,
visit us at
http://www.laresdental.com/products/lsc/default.asp
or call 800-347-3289,ext. 1 and schedule an educational presentation.
HPSC
- Finances, via lease or loan, dental and
office equipment, leasehold improvements,
working capital and supply contracts at fixed competitive
rates, with no points,
variables or hidden fees. HPSC
also offers a variety of
financing programs to dental
professionals seeking to set up, expand, buy into, or
acquire a practice. http://www.hpsc.com/
INFORMS
- Allow InForms to
participate in your successful practice by becoming the
"ONE STOP SOURCE" for your front office needs. We carry a full range of products
including: recall and appointment
cards, registration forms, exam forms, statements
and envelopes, folders and labels. Call us
at 1-800-722-4884 or email us at
informs@bellsouth.net
today to receive your catalog.

| Sally
McKenzie's Weekly Management e-Motivator---Issue #15
Expert Advice You Can
Bank(rupt) On
"...But Sally, everyone knows
that you need another business assistant for every $30 thousand
in production..." Yeah, right. Everyone also knows that
ideal patient retention is supposedly 85%. It's
"expert" advice like that that can bankrupt your
practice, or, at least, keep you financially strapped. Let's
start with the rule of $30K. Determining if you need another
business assistant isn't based exclusively on the amount of
production.
Look at the number of patients and the time
it takes to handle each at the front desk. An eight-hour business
day is 480 minutes. Figure that it takes10 minutes per patient.
No more than half of a business assistant's day, 240 minutes,
should be consumed with patient processing. The other half should
be available for non-patient tasks. If you are seeing 35 patients
per day, your business assistant doesn't have time to accomplish
other essential responsibilities. If you are seeing 15 patients
per day, your business assistant shouldn't have any trouble
managing the duties of the front desk. If she does, you have
another problem to deal with.
So, you say your patient retention is a
healthy 85%. And that's really good because the advice guru told
you it was. I urge you to duck when that sweeping generalization
is coming at you. Rather, do a little simple math to determine
what your ideal patient retention is:
- Look at the last six
months and calculate the monthly average of recall patients
treated.
- Calculate the monthly average of comprehensive exams
for the same period.
- Take 50% of the answer in number 2.
- Divide the answer in number 3 by the answer in number 1.
- Subtract the answer of 4 from 100%.
That is your ideal patient retention.
Sally's Recommended Actions:
- Base your decision to hire more business
staff on numbers, not on the flustered demeanor of a seemingly
overworked business assistant. If the numbers show that one
employee should be able to handle the job, she either needs
training, is not suited for the position, or the systems she
works on are time and motion inefficient.
- Throw out the false sense of security
that 85% patient retention is acceptable.
- Follow the steps above to determine what
your patient retention should be.
- If your office is falling short, look at
your recall system. Is it the practice orphan that no one
wants to bother with? Designate someone to be responsible for
your recall system. That person should be trained in telephone
sales and have at least 10-15 hours of uninterrupted time each
week to contact patients.
Check out my book "How
to Have a Successful Recall System" for a proven
strategy to ensure practice recall success- click
here.
|

McKenzie Management Newsletter Information:
To view Newsletter Archive: To view
past issues of this newsletter, click here.
To unsubscribe: To discontinue receiving the Sally McKenzie
eNewsletter,
click on the link at the very bottom of this page for instant
removal,
or simply click Reply to this email with the word "Remove" as
the only word in the subject line.
To report technical problems with this
newsletter or to request technical help,
please send a descriptive email to: webmaster@mckenziemgmt.com
To request services, products or general
inquires about McKenzie Management activities:
please send a descriptive email to: info@mckenziemgmt.com
If you would like to have any of your dental
practice concerns answered personally by Sally McKenzie,
please send a descriptive email to her at: sallymck@mckenziemgmt.com.
Copyright © 2002 McKenzie Management
- All Rights Reserved.

|