ANNUAL PLANNING

Who's in control - you or your overhead?

Finally put a system in place that shows you how to use hard numbers to put a plan in place for greater success and profitability.

Proven, tested advice on establishing achievable production goals and controlling practice overhead, including:

forecasting and goal-setting
determining work days and doctor production goals
establishing hygiene production goals

Take the guesswork out of your numbers, and finally achieve the financial stability and predictability you desire.

STEP 1: ANALYZE THE PROFIT & LOSS STATEMENT

• How to forecast expenses.

• How to determine actual overhead.

• Why depreciation and amortization are not ‘true’ expenses.

• How to treat principal and interest for tax purposes.

• How your practice compares to industry norms.

STEP 2: FORECAST THE COMING YEAR’S EXPENSES

• How to categorize and define the four major expense

categories: major expense, minor expense, loans and

leases, and Doctor compensation.

• Questions to consider when forecasting expenses.

• What is and what is not “Doctor Compensation.”

• How to complete an Expense Projection Worksheet.

STEP 3: DETERMINE THE NEW PRODUCTION GOAL

• The three factors that drive production goals.

• Understanding the difference between fixed and variable expenses.

• How to determine a new production goal based on projected expenses.

• The 3 most common ‘problem areas’ in an under-performing collection department.

Are you ready to take control of your practice?

Whether you're just starting out or have been in practice for many years, annual planning is a must-do if you desire financial stability, predictability, and profitability in your practice. Call or email today to schedule your Annual Planning session, and be on your way to greater success and profitability.