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Listen "828: KPI Mastery: Driving Dental Practice Success with Data – Dr. Barrett Straub"
Episode Synopsis
828: KPI Mastery: Driving Dental Practice Success with Data – Dr. Barrett StraubYou're told to improve your numbers. But what are you improving, and why? If you're feeling lost and overwhelmed, keep listening! Kirk Behrendt brings back Dr. Barrett Straub, ACT’s CEO, to reveal nine essential KPIs that will help you better understand your practice and achieve the results you want. Working more is not the solution! To learn how to step off the hamster wheel and into the life of your dreams, listen to Episode 828 of The Best Practices Show!Learn More About Dr. Straub:Send Dr. Straub an email: [email protected] Join Dr. Straub on Facebook: https://www.facebook.com/barrett.d.straubEmail the ACT Team for their free resources: [email protected] Register for ACT’s To The Top Study Club (January 17, 2025): https://www.eventbrite.com/e/climb-with-us-register-for-january-17-2025-ttt-study-club-tickets-1012930712027Register for ACT’s To The Top Study Club (January 24, 2025): https://www.eventbrite.com/e/climb-with-us-register-for-january-24-2025-ttt-study-club-tickets-1012960511157More 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 828: https://www.youtube.com/@actdental/videosMain Takeaways:Working more hours is not the way to improve your practice.Don't try to improve your numbers without first understanding why.Understand gross profit to get a clear picture of your financial health.Your most important KPI is the number of days you worked per month.Learn how to calculate true profit. Know what is or isn't reflected in your P&L.Measure your practice health score to gauge the overall health of your practice.Gross production is a useless KPI unless you know how much of that you collect.Figure out why your overhead is too high. It may or may not be
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