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In the new DE’s Business Lab Overhead video entitled Profitability Strategies, Dr. Chris Salierno continues to share practical tips about keeping track of the income and profitability in your dental practice.
(Watch the first three Business Lab videos on the Dental Economics YouTube page. Click on Playlists at the top of the page to access DE Business Lab. Check out the many other informative videos while you're there!)
This is the first of three more Business Lab videos that will offer dentists guidelines about how to improve their profitability and therefore their net income. To make more net income, dentists can either increase income or reduce expenses, explains Dr. Salierno. But how to do that?
While this may sound straightforward, instituting strategies that will make increased profitability happen in your practice is a little more complicated. What steps can you take to increase production? How can your practice reduce expenses?
Dr. Salierno offers some practical and easy-to-follow solutions in this new video.