If You Don’t Know These 4 KPIs, You’re Flying Blind | Ep. 77
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Show Notes
In this episode of the Dental Practice Launch Podcast, Shane discusses the four essential Key Performance Indicators (KPIs) that every dental practice owner should know. He emphasizes the importance of understanding new patient metrics, patient production, total production, and the cost of acquiring new patients. By tracking these KPIs, practice owners can make informed decisions to grow their practices and reduce stress. The episode provides valuable insights into how to effectively manage and analyze these metrics for better practice management. SUBSCRIBE to The Dental Practice Launch Podcast! Check out more episodes:https://www.crimsonmediagroup.com/podcasthttps://podcasts.apple.com/us/podcast/dental-practice-launch-podcast/id1333327986 To learn more about Crimson Media and how we help dental startups grow through proven marketing strategies, click here. https://www.crimsonmediagroup.com/ Takeaways: You need to know how many new patients you’re getting. Don’t be too short-sighted with your marketing. Everything is marketing, including patient referrals. Track the total production as well as new patient production. Your cost to acquire a new patient is crucial for growth. Understanding KPIs helps reduce stress in practice management. You should reverse engineer your future growth based on data. Knowing your new patients scheduled each month is essential. Patient production should be analyzed over a longer term. Effective marketing strategies can lead to increased patient retention. Chapters: 00:00 Introduction to Key Performance Indicators (KPIs) 02:03 Understanding New Patient Metrics 05:09 Analyzing Patient Production and Revenue 07:23 Total Production Insights 08:49 Cost of Acquiring New Patients 13:04 Summary of Essential KPIs
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