815: The Profitable Practice Paradox: Growing Without More Chairs – Miranda Beeson

25/11/2024 1h 3min Episodio 815
815: The Profitable Practice Paradox: Growing Without More Chairs – Miranda Beeson

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815: The Profitable Practice Paradox: Growing Without More Chairs – Miranda BeesonWe’re taught that growth is good. But if you don't grow smart, you could be growing more while making less! To explain this paradox and help you become profitable, Kirk Behrendt brings back Miranda Beeson, ACT’s director of education, to explain how to increase profitability without adding more chairs, more hours, or more stress. To learn how to make your practice better, not just bigger, listen to Episode 815 of The Best Practices Show!Learn More About Miranda:Send Miranda an email: [email protected] Follow Miranda on ACT’s Instagram: https://www.instagram.com/actdentalSend Gina an email: [email protected] More Helpful Links for a Better Practice & a Better Life:Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listenJoin The Best Practices Association: https://www.actdental.com/bpaJoin ACT’s To The Top Study Club: https://www.actdental.com/tttSee the ACT Dental/BPA Live Event Schedule: https://www.actdental.com/eventGet The Best Practices Magazine for free: https://www.actdental.com/magazinePlease leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218Episode Resources:Watch the video version of Episode 815: https://www.youtube.com/@actdental/videosRead Miranda’s blog, Mastering Collections: How to Achieve 100% Financial Goals for Dental Practices: https://www.actdental.com/blog/mastering-collections-how-to-achieve-100-financial-goals-for-dental-practicesMain Takeaways:Define what growth means for you.Focus on making your practice better, not bigger.Understand your write-offs, collections, and overhead.Growth for the sake of growth will wear your practice thin.Maximize your existing resources! You don't need to add to grow.You can grow your practice by collecting more of what you produce.Snippets:0:00 Introduction.0:49 ACT’s To The Top, BPA, and Pro Coaching.5:30 Why this is important.14:35 Understanding write-offs: Insurance adjustments.25:53 Understanding write-offs: Membership plan adjustments.27:39 Understanding write-offs: Elective adjustments.32:25 Collect what you produce.36:40 Understand overhead.44:57 Where did all my money go?54:44 Final takeaways.Miranda Beeson, MS, BSDH Bio:Miranda Beeson has over 25 years of clinical dental hygiene, front...

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