Exposing Industry Analytics & Trends: And Why Your Practice Growth is Flatlining
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Show Notes
Are you struggling to grow your dental practice despite bringing continually bringing in new patients? The truth is, most practices are losing just as many patients as they might be gaining. We talk about the cost of attracting new patients. So join Mike Dinsio and Paula Quinn as they discuss trends in the industry with Steven from Dental Intelligence. They expose the two most critical (and costly) trends in dentistry today.
1. Exploding Patient Attrition:
Find out why cancellations and no-shows have nearly doubled, leaving massive holes in your schedule.
2. Collapsing Case Acceptance:
Learn why the rate of diagnosed treatment actually getting completed has plummeted from 46% to the low 30s.
Steven shares the raw data from over 10,000 practices, and the hosts translate these analytics into actionable strategies. They reveal simple systems including the 3 key metrics you must track to stop the cash flow bleeding. We briefly discuss how to boost your team’s performance, and how to prevent patients from falling into that dreaded “la-la land” where you never hear from them again. If you’re ready to take action and start leveraging data to increase patient retention and drive more revenue, this is the conversation to tune in on!
0:00 Intro
2:02 What is Dental Intelligence
7:08 Data Trends in Dental Industry
13:55 Patient Attrition
17:41 Recare & Scheduling
24:12 The Cost of New Patients
28:10 Industry Wide Decline in Case Acceptance
34:25 Patient Relationships
40:59 How-to Increase Case Acceptance
48:21 Tracking Data in Your Practice
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About Mike & Paula
Michael Dinsio iand Paula Quinn are Dental Practice Consultants who care! You can partner with them to turn around and supercharge your practice. Learn more about what they can do here: https://nxlevelconsultants.com/
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