Focus on Dental Practice Performance Aspects with Excel KPIs
Dentistry is an ancient concept and in present days it is adopted as a profession which has great future prospects. Dentists aim at providing quality services to their patients by providing regular dental advice and proper screening.
Dental Practice Management helps in managing all the operations related to dental practice and devising ways to improve the performance. KPIs are the tools that can be used to measure and improve the overall dental practice operations.
In Dental Practice Management KPIs can be categorised in 4 major perspectives- Financial Perspective, Customer Perspective, Internal Processes Perspective and Operational Efficiency Perspective.
Financial Perspective talks about various financially quantifiable measures to judge the efficiency of dental practice operations. It comprises of KPIs like practice accounts receivable, percentage increase in operating expenses, collection percentage, average production per patient and gross production.
Customer Perspective aims at evaluating the customer perception with the help of KPIs such as number of new patients, number of hygiene measures, average appointment time and number of complaints.
Internal processes perspective includes KPIs such as cancellation percentage, average waiting time for patients, percentage of indirect treatments and clinician hours scheduled.
Operational efficiency perspective facilitates in judging the efficiency of the operations. It consists of KPIs like number of active patients, new patient conversion rate, case acceptance ratio and patient re-appointment rate.
Why do business professionals choose ready-to-use KPIs?
Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
- Can a business professional research KPIs on his own?
- How do I avoid typical problems with KPIs?
- Is ready-to-use KPI applicable in my niche?
- Is KPIs' price affordable?
- Can KPIs can be easily integrated in any business environment?
- How can KPIs make the difference to the business?
What are the benefits of Dental Practice metric:
- Customer perspective is perhaps the most important one for dental clinics. So, customer satisfaction, new vs returning customers rate and similar kpis play a crucial role.
- Financial aspects include, total revenue, operational and maintenance costs, as well as expected revenue.
- Marketing and advertising measures will help evaluate efficiency of promotion and advertising.
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More ideas on using Dental Practice KPI
Dentistry is the science of treating various ailments related to teeth which include oral cavity diseases and people carrying out Dental Practice perform the job of helping others get rid of such issues. Like any other profession, this too demands its share of management. A dental practitioner can achieve this by taking help from balanced scorecard that has all the relevant and specific indicators listed on it under four categories (generally)-Financial, Internal Operations, Customer Service and Learning and Growth.
The metrics collected serve the purpose of following the movements and correcting them well in time as one can sense the rising of problem by looking at the extent of deviations of 'actual' values from 'target values'.
The dentists need to understand that their job profile requires an apt mix of talent and experience thereby calling for san honest approach for it.
One needs to get suitable approvals from authorities to initiate the profession. Also, one is to choose one of the dentistry specialities offered, some of which are 'dental anesthesiology', 'oral biology', 'forensic odontology', 'geriatric dentistry' and 'aviation dentistry'. Accordingly, one should gain expertise on the strategies and equipments that are utilized and work in the task.
More useful information for Medical Estimation
Dental Practice Evaluation Balanced Scorecard Screenshots
Metrics for Medical Estimation
This is the actual scorecard with Dental Practice Measures and performance indicators.
The performance indicators include: financial perspective, practice accounts receivable, % increase in operating expenses, collection %, gross production, average production per patient, customer perspective, number of new patients, number of hygiene measures, number of customer complaints, average appointment time, internal processes perspective, cancellation %, average waiting time for patients, % of indirect treatments performed, clinician hours scheduled, operational efficiency perspective, case acceptance ratio, number of active patients, new patient conversion rate, patient re-appointment rate.
Download or purchase Dental Practice Evaluation Balanced Scorecard
Download a trial version of Dental Practice Evaluation Balanced Scorecard or purchase a full version online.