Increase the Value of Your Practice
Do you know how to improve your collection ratio? You should. A five percent increase in your collection ratio can dramatically increase your yearly revenue.

Do you have a solid marketing plan in place? You should. Seeing one new patient a day can equal an additional $45,900 a year.

Access to valuable information such as this is critical to helping you increase the value of your dental or optometric practice. This is one reason why it is advantageous to use a practice advisor.

WHAT IS A PRACTICE ADVISOR?
Practice advisors offer a wide array of services designed to help practice owners manage, establish, develop, or transfer their practice. By serving as a single source of content, practice advisors are able to handle the extensive, detailed paperwork involved in practice transitions, freeing the dentist or optometrist so that he or she can spend more time providing quality patient care. In addition, practice advisors work with a wealth of experts in various areas.

Frequently, a practice advisory team utilizes experts in the fields of:

  • Real estate
  • Marketing and market analysis
  • Financial and asset management
  • Accounting
  • Tenant advisory

By providing access to a network of industry experts, practice advisors can:

  • Offer expertise in areas such as business law, financial lending and accounting
  • Provide detailed market analysis and the develop the strategies needed to help your business grow and remain competitive
  • Work with you to develop a business plan that reflects the philosophy of your dental or optometric practice
  • Evaluating the current market terrain and help you plan your budget accordingly.

While many may recognize the value of a practice advisor in an industry’s planning stage, did you know that practice advisors can also provide a wide variety of “a la carte” services to help you manage your practice? At Practice Advisors 360, these services include:

Staff Training
Training focuses on a variety of topics, including effective communication, medical insurance and scheduling.

Project management checklists
Optimal project management tools can help guide medical practices toward a successful future.

Case acceptance training
This evaluates the role of a treatment coordinator and streamlining the team approach to case acceptance.
KPI Monitoring
Budgeting
Marketing
Marketing projects help the physician develop and promote his or her brand.

For more information on how a practice advisor can add value to your practice, view this presentation.