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Revenue

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While generating revenue from your practice can be difficult to achieve, being profitable is the real challenge. Over the course of one generation, dentistry has seen a revolution in new materials, techniques and technology. At the same time, caries rates have been reduced, patients are more sophisticated and have higher expectations, and even the dental benefits arena has seen tremendous changes. New dentists in particular face a steep learning curve regarding the business side of practicing dentistry.

Successfully managing a dental practice at any stage in your career requires short- and long-term strategies that you can adjust in response to shifts in the dental landscape. Paying close attention to key performance indicators (KPIs) will help you assess your practice’s growth and profitability and simultaneously help you strategize for the future. Having this information available is important since what works today, may not work tomorrow.

Managing Finances: Guidelines for Practice Success

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