Improving Patient Care by Improving Practice Performance

Credit Details
This electronically delivered self-instructional program is designated for 1.5 hours of CE credit by Farran Media.
AGD Code: 550.

The fee to view this course is $36. This cost includes the fee to take the exam and claim your CE credits.

Synopsis:

Improving Patient Care by Improving Practice Performance is a presentation for dental providers which will help them understand how making sure their practice is running efficiently ultimately allows them to provide the best care possible to their patients. The presentation starts off by explaining the difference between production and collections and how each can be used to measure practice performance and cash flow. Expense classifications of a practice are described and the importance of properly grouping expenses for the purpose of comparing your practice to industry benchmarks is summarized. The makeup of practice overhead is explained so that there can be consistency when comparing your practice to the industry. The relationship between revenues and overhead and the analysis of each is explained so at the end of the day the dental provider can monitor the health of the practice. Finally everything is tied together with an explanation of why having a practice that is running efficiently and that is healthy from a financial standpoint lends itself to better patient care because of its effect on the dental provider.

Educational Objectives:
Upon completion of this course, you should be able to:

• Understand the difference between Gross and Net Production and Gross and Net Collections
• Classify expenses into categories and group expenses for the purpose of analyzing overhead
• Understand what expenses should be included in practice overhead
• Compare their practice to similar practices and analyze why their overhead may be higher or lower
• Understand the importance of keeping the practice financially healthy so they can focus on providing the best patient care

Description of Speaker:
Lance joined Naden/Lean, LLC in 1991. Lance provides accounting, tax, and consulting services for individuals and businesses which include dentists, other healthcare providers, retail, and equine.

Lance provides start-up services to new businesses including working with banks to help obtain financing. With his equine clients, Lance works to ensure they are in compliance with the federal, state, and local taxing authorities with respect to employment, business tax and reporting issues.

Lance grew up on farms with horses. He has owned horses for the last eighteen years (or could better be classified as chief stall cleaner for his wife’s horses). His home zoo consists of five horses, one dog, two cats, two sons and four goats. His wife Karen is a Para-educator for the Howard County Public School system.

Disclosure:
The speaker declares that neither he nor any member of his family have a financial arrangement or affiliation with any corporate organization offering financial support or grant monies for this continuing dental education program nor has a financial arrangement with any product or service mentioned in this course. The speaker discloses that he has a financial interest in consulting dental professionals in the subject matter that he is lecturing on.

Legal Disclaimer:
The CE provider (Farran Media) uses reasonable care in selecting and providing content that is accurate. The CE provider, however, does not independently verify the content or materials. The CE provider does not represent that the instructional materials are error-free or that the content or materials are comprehensive. Any opinions expressed in the materials are those of the author of the materials and not the CE provider. Completing one or more continuing education courses does not provide sufficient information to qualify the participant as an expert in the field related to the course topic or in any specific technique or procedure. The instructional materials are intended to supplement, but are not a substitute for, the knowledge, expertise, skill and judgment of a trained health care professional.

Licensure:
Continuing education credits issued for completion of online CE courses may not apply toward license renewal in all licensing jurisdictions. It is the responsibility of each registrant to verify the CE requirements of his/her licensing or regulatory agency.

State CE Requirements:
Click Here for CE requirements by state. Please note that this information is current as of the time of listing. This information is subject to change at any time from the state boards. For the most up-to-date information, please contact your state board directly.

Refund Policy
There are no refunds for Online CE courses. Please contact technical support if you run into technical difficulty.

CE Contact
For any questions, please contact Nareg Apelian, DMD, Director of Continuing Education at nareg@farranmedia.com