by Howard Farran, DDS, MBA, Publisher, Dentaltown Magazine
It's a new year, but I'm ringing it in with an old message, one that I've hammered on
from time to time, and one that keeps needing to be hammered until we all finally get it.
Everyone who focuses on practice management (I'm talking about consultants, business
gurus, office managers and even practice-management software providers) says dentists
who own their own practices spend way too much time on clinical dentistry and that
they don't spend enough time on the business of their practice.
>Is that you? See if you can answer any of the following questions (without asking someone
in your office):
- What was last year's return on asset?
- What was last year's return on equity?
- How many incoming calls did you have?
- What percentage of your calls went straight to voicemail?
- What percentage of your calls were answered in the first few rings?
- What percentage of cavities you diagnosed last month were scheduled to be done?
- How many got done?
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Ask a dentist any of those questions or any question pertaining to the business of his or
her practice and you know what? Most of the time they have absolutely no idea. These are
questions you need to know the answers to!
You got As in calculus, physics, chemistry and biology and you consider yourself to be a
good dentist. But I could stroll into your practice, jump on whatever practice-management
software you may or may not be using to its full potential, run a report and find out something
like: for every 100 fillings this practice diagnoses, it's only doing 38 of them. Would a
fireman be considered a great fireman if he only put out one in three fi res? Would the sheriff
of your town be considered great if he only caught one in three criminals? Despite missed
fillings you still might be a great dentist, but how great are you in business?
Some people are amazing at the business of our profession. After all, dentistry has its
own billionaire. His name is Rick Workman. He's the man behind Heartland Dental and he
does everything you may not feel like doing. Rick has 600 offices, employs 1,000 dentists
and 2,000 hygienists, and he hasn't seen a patient or done clinical dentistry in more than
25 years. This is an example of corporate dentistry. Do you like corporate dentistry? Maybe
not. Is corporate dentistry a threat to small practices? Sometimes, yes. Are corporate dentistry
leaders paying a lot of attention to their businesses? Yes, and so should we.
On that note, take a look at Stephen Thorne from Pacific Dental Services. Steve spent
so much time focusing on the time and money factors of running a dental practice that he
didn't even spend time going to dental school to learn how to practice dentistry. He thought
it was easier to hire a dentist than become one. These men are success stories in the dental
profession and they only focus on the business of a dental practice. I'm not saying that you
should do everything the way they do it or that you shouldn't care about being a super dentist—
I'm saying you should be a strong business person too.
I'm a dentist and I'd rather pull four wisdom teeth
than play golf any day of the week. I'd rather do a
molar root canal than go water skiing. I love clinical
dentistry. But, I don't spend all my time doing clinical
dentistry. What I often see in the profession is all the
continuing education you take and that most hours of
your day are spent focusing on clinical. And then you
recite the same old story that, “Friday I'm only going
to do a half-day and then Friday afternoon I'm going to
do the business side of things, run reports, have a staff
meeting and all that stuff.” But every single Friday at
noon, what do you say? “I'm trashed, I'm exhausted, I
had a rough week, I'm going to go hit some golf balls
and I'm going to go to happy hour, and I'm going to go
to lunch with my spouse.” Is that you?
You know what the definition of insanity
is? Doing the same thing over and over and expecting
a different result. Why not make the business the
first four hours on Monday? Think differently. Treat
your practice differently. There are several leaders in
dentistry who follow through on the business side of
dentistry and have done things differently and are ultimate
success stories.
My consultant friends all concur that half of the
incoming calls coming into a dental practice come
in when you're not even open, and half the calls that
come in when you're open go straight to voicemail, and
if you're lucky, one in 10 leave a message. I don't know
too many dentists who track this stuff. Every consultant
I know (even the consultants who work for practice
management systems), tell me that when they visit
an office, 85 percent of the reports have never been
run. But even after you read this, you're going to sign
up for a course on doing root canals, and then you're
going to go on Dentaltown.com to find the ultimate
bonding agent. That's important, and I understand
those motivations. After all, everyone knows what
they're good at.
However, it's the truly successful people who can
focus on the things they're not so good at. The only
reason you're not good at something is because you're
not interested or you don't spend enough time on
it. Everybody knows that when you go to a concert
and you watch a professional violinist perform, that
person wasn't born with a different brain—he or she
probably just chose to play the violin four hours a day
since childhood. And when you leave the concert that
night, you don't wake up the next morning and decide
you'll play the violin four hours a day. But you can
decide to devote more time to your practice. If you're
not interested in the business, go find a support team,
an office manager, someone who can focus on the
business 24/7 so you can go back to doing what you
love: clinical dentistry.
If you're not interested in the business of your
practice, you're not going to work on it and you're
never going to be good at it. Doing things you're not
interested in for money usually leads to dysfunction,
depression, disease, drinking or something else horrible.
You should not get up every day and do something
you don't want to do all day long for money. That's just
a really bad idea. So if you truly don't like this stuff,
you need a right-hand man or woman and that's going
to be your office manager. And if you are interested in
this stuff, then let's move some clinical time over to
the business time.
You know what, gang? It's a new year, time to
really turn over a new leaf and start focusing on the
business of your practice in 2015. If you're not going
to focus on it yourself, at least hire help to make sure
the doors to your office stay open a very long time.
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