
Howard Farran, DDS
MBA, MAGD
Publisher,
Dentaltown Magazine
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If it weren’t for World War II, you never would have known who General
George Patton or General Douglas MacArthur were. Both men were nobodies
until the start of World War II. Both served so exceptionally that they were
awarded as Five Star Generals. Both Patton and MacArthur rose to the occasion
and reached their destinies because of the gravity of their situation.
We are presumably riding out the tail end of the biggest economic recession
in the last 50 years. Whether or not you can steer yourself and your practice out
of this recession will speak volumes about your economic intellectual capacity for
all time. How does this economic threat affect you? Is your practice down? What
is your battle plan? Right now is your time to prove to yourself that you can be
an economic five-star general!
What can you do to cut costs? Did you know that the fastest way to cut costs
is payroll? Do you need everyone on your team or are you subsidizing people for
no reason at all. As Rick Kushner, DDS, would say, “It’s time to get mean and lean!”
Did you know one of the fastest ways to decrease your overhead is to nail your
collection policy up on the wall? At McDonalds you ask for a Big Mac. They then
ask you for $2.50. You pay the $2.50 and then you get your burger. So why is it
at your office you have to beg for $2.50 at the end of the procedure and they don’t
pay? You then spend hours working the accounts receivables, at $10 per statement,
begging for money, which they never pay. If you cannot collect your
money at the time of services, then you aren’t behaving like a five-star general!
The other great way to decrease your costs is by producing more dentistry per
hour. Who cares if you are a fee-for-service practice and get $1,100 for a crown?
If it takes you an hour and a half to do it, you could have signed up for a PPO
and received $750 for a crown but have it done in 30 minutes! The PPO king at
30 minutes is far more profitable than the dentist who charges $1,100 a crown
that takes an hour and a half to do!
What are you doing clinically to produce faster? Do you pack your cord prior
to the crown prep to push the gums down and out to prevent nicking the gingival
tissue, or do you knick the tissue and then pack cord and spend 20 minutes
controlling the bleeding?
Do you do all porcelain restorations so that at the cementation you spend 30
minutes bonding the restoration with numbing the tooth, packing cord, placing
a rubber dam or do you do porcelain to gold like Captek where you can cement
it in 15 minutes with 3M Vitremer? |
Howard Live
Howard Farran, DDS, MBA, MAGD, is an international speaker who has written dozens of published articles. To schedule Howard to speak to your next national, state or local dental meeting, email colleen@farranmedia.com.
Dr. Farran’s next speaking engagement is October 3-4, at the ADA Annual Session in Honolulu, Hawaii. For more information, please call Colleen at 480-718-9914.
Seminars 2009
September 18 • Fort Worth, TX
AGD Fort Worth
www.tagd.org
817-924-1111
September 22 • Iselin, NJ
Asteto Dental Lab
www.asteto.com
559-438-7284
September 23 • New York, NY
Dental Resource Alliance
973-812-2188
September 25 • Ft. Lauderdale, FL
Nova Southeastern University
www.dental.nova.edu/ce
954-262-5327
October 3 & 4 • Honolulu, HI
ADA Annual Session
www.ada.org
October 22 • Ann Arbor, MI
University of Michigan
dobracki@umich.edu
Keith Dobracki-Sr. Dental Student
October 24 • Naples, FL
The Dentist's Wife
727-667-6945
liz@thedentistswife.com
October 31 • Fort
Wayne, IN
Mid-west Oral Surgery
Melissa Collins
800-869-7302
November 6 • Williamsburg, VA
Virginia Academy of Dentistry
Frances Kimbrough
804-320-8803
November 13 • Concord,
NH
New Hampshire Dental Society
www.nhds.org
603-225-5961 |
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Are you ready to “rev up your marketing” as Mike Barr, DDS, would say at
www.revupmymarketing.com? Have you tried direct mail to bring in more new
patients? Have you updated your Web site recently? Does your site have search
optimization? Your new patient flow is down so what are you going to do about
it? Sit on your hands? Whine about the economy? Or are you going to rise to the
occasion like Patton and MacArthur and rev up your marketing both online and
via direct mail?
What about your location? I own a free-standing building right next door to
Safeway, Walgreens, Chase bank, Pizza Hut and a tanning salon. We get nearly
two walk-ins per day just because people see our sign! How many walk-ins per
day does your location get? Are you on the second floor of a medical dental building?
If so, how many walk-ins have you gotten? This is the best time in 75 years
to buy real estate. Maybe you should take advantage of this downturn and move
to a hot location!
Are you dotting all your “I”s and crossing all your “T”s? Everyone from Tucson
to Timbuktu knows that you are supposed to call all your patients the evening of
the day you worked on them. Are you personally doing all your “we-care” calls?
Why not? You know you should. We are in a recession, man! You’ve got to do this!
You need all the word-of-mouth referrals you can get!
What about patients who get a $2,500+ treatment plan and then don’t schedule
for treatment when they leave. In good times, who cares? During a recession
you have to follow up on this! When this happens at my office, our treatment
coordinator follows up with the patient. If they have concerns about their treatment,
we ask if they would like to speak to the doctor. Nine times out of 10, they
are so impressed with our follow up that they schedule that day!
Are you taking emergencies? How long does it take to meet a patient at your
office and hook the fish? You don’t need to cook, clean and eat it – just hook it.
I live 1.4 miles from my office. It takes me all of six minutes to drive down there
to meet an emergency. Prescribe a little something for pain or infection and you
have a patient for life.
Do you have an extra operatory that no one is scheduled in for emergencies?
I know you love Mrs. Jones who comes in every three months, flosses twice a day,
and hasn’t had a cavity in 20 years. The truth of the matter is that you lose $20
every time you see her. You want Mr. Smith who hasn’t been to the dental office
in more than a decade. This guy needs perio, endo, prostho, restorative and every
other thing you can imagine. This is why we have an emergency room that no
one ever schedules so that we can work in an emergency case two or three times
a day. We might not always do the treatment if our schedule is full, but you can
certainly see these patients and then schedule him or her at a later date to do all
of the dentistry.
What about adding new products and services? What are you referring out
and why? If you want to plan your continuing education budget, then base it on
supply and demand. Why aren’t you doing endo? Why aren’t you doing extractions?
Why aren’t you removing wisdom teeth? Are you telling me you can’t do a
free gingival graft or a crown lengthening procedure? What about pedo?! You
yourself have children at home, doc, and you can’t treat them?!
I’ve said this before and I’ll say it again; you only manage three things: people,
time and money. Business only has three functions: you make something,
you sell something and you watch the numbers. This is as bad as it is going to
get. So stand up and rise to the occasion and prove that you are the real deal.
Manage your people, be faster with your times, watch the money closer than ever.
You need to make something, so add more products and services to your arsenal,
sell something better with better chairside manner, and again watch the numbers.
And last but not least, achieve your final destiny! |