Monday, September 1, 2008

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

Think that providing excellent periodontal care and hiring nice people ensures total practice success? Guess again! Your success isn’t guaranteed—far from it! A healthy number of patients this month could easily decline by the end of the year. Many periodontists 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 periodontal house in order, you need to look with a critical eye at your practice systems, including:

Referrals – GPs referrals are your lifeblood. However, are you devoting enough time to cultivating relationships with them? You better!
Collections – Bad times mean delayed payments, look out!
Overhead – If it’s high, it’s not good (in any economy).

Your periodontal practice has huge potential. You just need to tap into it. Levin Group has consulted to many periodontal practices that have grown exponentially in tough economic times. It can be done. In each case, we helped periodontists implement highly effective management and marketing systems that have translated into periodontal practices growing 25%, 30% or more!

Remember, you can grow your practice—no matter what happens in the economy!