2015 was our highest collections total ever!

23 Feb

When our team started with the Brady Group about 8 yTeam Tree 070715ears ago, we had previous experience working with two different consultant groups. While each relationship helped us improve, I felt we still were not reaching our full potential.

I knew what I wanted to accomplish: simplified systems, a bonus/incentive plan that motivated the team and was fair to both team and doctor, lower overhead, and more time off without
a significant decrease in productivity. I just didn’t know how to get there. Working with Chris, Amy, and the rest of the Brady Group team, we were challenged individually and as a team to create a vision of where we wanted our practice to go, and then given the tools to help us get there.  Our team has grown professionally and personally, and the interaction with other Brady Group doctors and teams has shown us what is possible and encouraged us during our journey. I have grown as a leader, and our team has reached a level of trust in each other that I was not sure was possible.

How successful have we been? 2015 was our highest collections total ever while seeing patients for only 180 days during the year.  Our profitability is excellent and our overhead is 54%. We are not contracted with any insurance plans. The systems the Brady Group helped us implement allowed us to accomplish this with 3 highly motivated and cross trained full time in office team members (and one ace full time business administrator working from home), which is two less team members than when we started. Last year, every team member ear
ned over $12,000 each in additional earned income (bonus). In 2016 we are working 12 less days, seeing patients for a total of 168 days, and structuring the schedule so that we are taking the entire month of July off. Most importantly of all, we’ve done it emphasizing an attitude of service to our patients that honors each individual’s unique priorities and wants.

We still have work to do and improvements to make (especially the doctor!), but are confident going forward that we will be able to meet the challenges that each of us in dentistry face each day. If you and your team are willing to truly look at yourself honestly, have the courage to change, and need an expert to help with that process, I highly recommend the Brady Group team.

David R. Hennington

Tradewinds Dental, Georgetown, TX

 

6 WAYS TO GAIN INDEPENDENCE FROM PPO’S

4 Feb

Are you hearing from other consultants that if you don’t jump on the PPO wagon, hire more people or go corporate, that you’ll drown? Well, that’s just not true.  Interestingly enough, the ‘consultants’ out there preaching this message aren’t even dentists.   Their message is appealing because it doesn’t require you to really change.  You just have to work harder. And longer.  And harder.

 With all of the mixed messages out there, it’s tough to figure out just where to start.  We’ve simplified our proven process for you…

  1. Stop talking about Insurance

It’s the first question we’ve all been trained to ask when a new patient calls.  This bad habit immediately sends the message to prospective patients that insurance is an important part of our practice… and then we can’t figure out why our patients are so ‘insurance-driven’.  If it’s important, the patient will bring it up – I promise.  Once they bring it up, it’s fair game.  However, resist the urge to get caught up in an insurance discussion.  Keep it simple. Do yourself a favor and stop fulfilling the role of the ‘all-knowing’ connection to their insurance.  Instead, focus on building relationships and helping people. Additionally, remove all written communication pertaining to insurance. Take it off of your new patient forms (you can just copy their card- they fill it out wrong most of the time anyway).  Take it off of your treatment plan – what if you simply gave the patient a total for their treatment, instead of committing FOR the insurance company what you think they will pay?  I know that sounds like a crazy idea – but is it any crazier than you taking ownership for how much THEIR insurance might pay?  Don’t get me wrong – I’m not proposing that you stop taking insurance assignment –  it’s just a matter of learning how to communicate differently.  You’d be amazed at how your patient relationships will improve when you remove the insurance factor.

  1. Have a reality check – Evaluate the PPO influence on your practice

Do you even know how many plans you participate in?  Do you know much more dentistry you are having to produce to make up for the adjustments?  So many doctors have no idea where to start. They just know that they have to stay ‘busy’ in order to pay most of the bills.  In spite of what you might be hearing from other consultants, you will be more profitable if you are not ‘busy’.  In fact, the more your schedule becomes clogged with extra hygiene columns (to support the ppo influx), the less time you have to spend with patients and diagnose long-term, ideal dentistry.  Your production per patient goes down, and soon you find yourself operating like an emergency dental clinic. Here’s the plan…

First, run a list of all of the PPO’s that you accept

Second, How many patients have you seen on each plan over the last year?

Third, figure the revenue that each plan has brought to the practice.

Fourth – figure your $ per pt by dividing the number of patients on each plan in to the total revenue on that particular plan

Fifth – What is your average write-off % for each plan?

Now that you have this data, you can quickly identify the plans that are costing you money when you see those patients.  You may find that you would be better off giving those patients fifty bucks and sending them to the guy down the street!

  1. Broaden your referral opportunities – How many referrals are ppo vs. those that find you on the internet, through community involvement, or through non-insurance related referrals? Do you even know?  I’m amazed at how many practices don’t have a feel for where their new patients are coming from.  Do you ask for referrals?  Reward referrals? Are you so ‘busy’ that your patients’ perception is that you’re too busy for new patients? Do you consistently cultivate win-win relationships with other professionals in your area? Give back to your community?

Identify 12 professionals/businesses/community events that you can add to your calendar over the next year.  Plan to participate in the events with the purpose of adding to your marketing list of prospective patients.  Introduce yourself to professionals and businesses in your area that you already contribute to as a consumer.  Thank them for their service, and introduce yourself.  Share the benefits of your practice, and share an offer with them that makes it easy to become a patient. You then have access to their circle of influence.  It’s a win-win!

  1. Build your skillset to provide services that are beyond the scope of insurance. Sleep apnea, 6-month smiles and holistic dentistry are just the tip of the iceberg.  When was your last clinical CE course?  Have you learned anything new in the last year?  If all you are doing is trying to sell more single-tooth dentistry, it will an uphill battle to become profitable, especially if your practice is PPO-influenced. However, if you are trained and confident in offering state-of-the-art solutions that extend beyond the scope of insurance (not covered by most dental plans, choices patients make regardless of insurance, significant treatment plans that max out their benefits, etc.)  you’ll find that your practice becomes less dependent upon the PPO monster. Don’t get me wrong- it’s not about adding as many products to your shelf as you possibly can – it’s about finding something you enjoy outside the scope of typical bread and butter dentistry and becoming the ‘expert’ in that area.
  2. Beef up your online reputation – if someone were to google you, what would they find? Are your reviews plentiful?  Is your online presence up to date?  Is your social media updated and engaging?   If I googled ‘Dentist your town’, would you even come up?  The internet is how people make decisions.  Even referrals – if your patient Suzie tells her neighbor Jane about you, Jane is likely to go home and google you to get more information- ie: phone number, location, see what you look like etc. Would their findings reinforce or contradict Suzie’s endorsement?  I’m not necessarily talking about SEO – yes, that’s a factor, but even optimizing your website won’t do any good if your driving people to something boring or negative.
  3. Provide an exceptional, relationship-based experience. I recently switched pharmacies.  Over the last 4 months, we’ve had illnesses, surgery, injuries, etc in our family that have required us to visit the pharmacy about 1-2 times/week.  This pharmacy happens to be in the grocery store 2 blocks from my home – not counting the pharmacy visits, I’m there a couple of times/week, and often walk right by the pharmacy counter while shopping for groceries.  It’s safe to say that my face is pretty familiar.  The Starbucks barista and I are on a first-name basis – just as I am with several of the cashiers.  Then there’s the pharmacy – THE SAME GUY is there 95% of the time.  One day I dropped my rx off, grabbed a few items and returned 10 minutes later to pick it up and pay.  Here’s how I was greeted – (head down looking at computer with hands on keyboard), ‘Name, please?’  Are you kidding me?   And yes, he’s the same guy that took my rx just 10 minutes earlier.  Then one night I had to go to Walgreens late to get a prescription filled after my grocery store pharmacy was already closed.  My very first time to drop off a prescription there and I was thanked… by name.  When I returned to the counter a few minutes later to retrieve my prescription, I was greeted… by name.  ‘Mrs. Drewery, we have your prescription ready!’  and after paying, ‘Thank you for coming in! Are there any other prescriptions we can help you with? If you have any that you’d like to transfer over, we’d be happy to take care of that for you – oh, and just to show our thanks, you’ll receive a $10 gift card for each RX transferred’.  Well, yeah!  Deal done. How are you even different from Comfort Dental?  And don’t even say, ‘we provide a warm, caring environment’.  Do you spend just as much time on relationships as you do teeth?

 

Are you ready to make some changes in order to regain your freedom?  

I know the Scheduling Institute probably isn’t the best reference here, but one thing I learned from Jay is that you can either live by Faith or by Fear.  He recommended living by Faith.  Of course, where the scheduling institute is concerned, living by faith basically amounted to “have faith and give us a lot of money and we’ll help you do better.”  

 Looking back now, I realize that at that point I should have hired the Brady group.  I didn’t know about you guys and I went with the Scheduling Institute instead, which taught me a few things but ultimately the math didn’t work out with them (as you know).

 If I had hired the Brady Group, you guys would have coached and encouraged me to get out of some PPO’s and I probably would have been less busy and much happier.  Instead, I hired more staff, signed up for more insurances and started spending very heavily on marketing.  We all know how that turned out.

You guys are great to work with, too!  You are always SO responsive – I feel like I can get a response from you pretty much any time day or night.  Even text messages occasionally in the evenings…that’s customer service you can’t get anywhere else.  And I can’t tell you how much I appreciate that . 

JIM CRAIG, SUMMERBROOK DENTAL

AURORA, CO

One month later, we received this note from Dr. Craig –

 Thanks to our ‘new’ new patient experience, we are having some very successful planning appointments!

Screen Shot 2016-02-04 at 1.33.12 PMIt feels so good to help this patient get what he wants.  If I had treatment planned him the “old way” that I was used to (chairside diagnosis, patching things up and putting him on the “crown-a-year club”) then we would have never really gotten him the result he wanted, and he would have probably spent a lot more money over the next 30 or 40 years.  I love this concept of giving patients what they want instead of what we think they need or think they ought to have!

Are You Missing Out?

28 Jan

Melody, Stacy, Tracy and Dr. Scott Anderson received this from an EXISTING patient! Are you asking existing patients the same questions you would ask new patients? Or are you making assumptions and missing out on potentially being able to help those who trust you?

 

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Team Williams Sets New Record for 2015!

25 Jan

IMG_0355Amy:

As we spoke this morning, Team Williams set a new record for AEI (bonus) in 2015! Each full-time member earned $17,418.94 in addition to their salaries. This year blew away 2014’s AEI as 2014 yielded only $4,065.81. Amazing what you can do with a small, motivated and highly talented team!

The total practice revenue for 2015 went up 6.8% over 2014. Looking forward to an even more awesome 2016!

GREAT NEWS THIS MORNING!

25 Jan

Brag-2

HI AMY,

Within 10 minutes of our skype today, we put this check into our collection envelope!!!!!!!! We wanted to share the good news with you and The Brady Group.

In addition, 8 days into our January cycle we have collected $96000!
RIVERVIEW DENTAL CARE, LLC
Kanona W. Felt, D.D.S,
114 E. Riverside Dr.
Carlsbad, NM 88220
(575) 885-0350

Bonus Checks in Colorado!

18 Jan

Joann and Frances, team members for Dr. Todd Shainholtz in Eagle, CO, celebrated the end of 2015 with bonus checks!  They are focusing on what the patients really want, listening to them, and helping them!  Earning additional income is a win-win.

 

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Way to go Team Walker!!

8 Jan

Dr. Alan Walker and his awesome team from Boise, Idaho, know how to make it easy for patients to have long-term, ideal dentistry in their office.  By communicating effectively and giving patients an incentive, they can pay for their treatment when they schedule!  The appointment is secured, and the patient doesn’t have to worry about the financial aspect of the treatment when they arrive for their appointment.  Nice job!

 

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