Even the finest teams in the world need a competent and able coach. Proper management is a key ingredient to succeeding. Dentists are not managers or bankers. The handling of the business system, be it setting the fee, hiring and paying staff members, managing internal crises, doing the paperwork, or trying to grow the business, should be done by a dental management consultant to allow the dentist to practice dentistry.
Hiring a dental management consultant is a huge decision, and you should look for one that suits your goals and financial policy. Here are a few reasons why a dental management consultant will go a long way in easing the burden and maximizing profits.
Money is to a business what blood is to the body. There should be cash flow to reinvest in the business to ensure both the staff gets paid, and the patients get quality treatment using the best technology available. Dentists aren’t businesspeople. Thus the management consultants will deal with financial issues such as nonpayment and cash flow. Rather than your staff members chasing down these payments, the consultant will do the dirty work and allow your squad members to do some productive work for your practice. A proper consultant will also come up with suggestions to increase profits in your business, such as adding extra weight in the dental hygiene department, which can significantly contribute to as much as 30% of total production.
Reducing stress at work
Every job has a significant amount of pressure. For dentistry, the bulk of stress is not due to patient care problems, but rather the inefficiencies and bottlenecks in the business system. A management consultant will provide better systems and operational methods that will ease the stress on the staff and subsequently improve the production levels to achieve outstanding performances perennially. A proper system should provide you with more control over the schedule and should allow the flexibility to take more time off, thus greatly relieving the stress and allowing you to enjoy dentistry.
Leadership and Communication skills
Clinical skills alone don’t make you a great dentist. A management consultant will look to empower leadership skills at every niche of your practice. Managing a business requires direction and communication skills. The staff will be trained to communicate compassionately with patients and be active listeners to create a conducive environment, not only for successful treatment but for the satisfaction that will lead to increased referrals.
Dentistry is a very rewarding profession. By hiring a dental management consultant, you will be able to reap the financial rewards that it has to offer.