Friday, September 12, 2008

Can You Grow Your Pediatric Dental Practice in a Bad Economy? Yes!

Think that providing excellent pediatric dental care and hiring nice people ensures total practice success? Guess again! Your success isn’t guaranteed—far from it! A healthy number of new patients this month could easily decline by the end of the year. Many pediatric dentists tell us they are down 5%, even 10% because of the economy.

In today’s difficult economy, you have to plan for practice growth. You can’t simply “coast” and hope it happens because those days are history!

To get your pediatric dental house in order, you need to look with a critical eye at your practice systems, including:

  • Referrals–Sure, you know that patient referrals are your lifeblood. However, are you devoting enough time to pediatricians as well? You better!
  • Collections–Bad times mean delayed payments, look out!
  • Cancellations–Think they were high before? Watch what a lousy economy can do!

Your pediatric dental practice has huge potential. You just need to tap into it. Levin Group has consulted to many pediatric dental practices that have grown exponentially in tough economic times. You too, can grow your practice—no matter what happens in the economy!