Episode 666

Strategies to Grow Your Practice and Reduce Your Overhead!

Host: Gary Takacs | Published Date: October 16, 2024 | Listening Time: 0:45:48

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Tune in to our latest podcast episode, “Strategies to Grow Your Practice and Reduce Overhead,” where Gary breaks down some simple but powerful ways to take your dental practice to the next level. With costs rising and inflation on the rise, staying the same isn’t an option. Gary shares practical tips to help you create a growth mindset, keep improving each year, and boost your bottom line. You’ll also get some straightforward advice on how to increase collections and hold onto more of your revenue—all without overloading your team. Don’t miss out on these valuable insights to help your practice thrive!

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    Timestamps

    • 00:00:27 – Introduction
    • 00:00:42 – Announcements
    • 00:02:50 – Marketing Tip by Ryan Davies on “The concept of scarcity be applied in the healthcare sector”

    CIA Segment

    • 00:09:01 – Strategies to Grow Your Practice and Reduce Your Overhead
    • 00:14:28 – Two categories of expenses in a dental practice
    • 00:18:19 – What the economics of growth can do for your practice
    • 00:19:00 – Successfully resign from P P O plans
    • 00:25:17 – What are your high value services?

    Q&A Segment

    • 00:27:11Q1 – When should I consider bringing on an associate or partner to help manage the workload, and how does this affect overhead?
    • 00:37:46Q2 – What are some common mistakes dentists make when trying to reduce overhead, and how can I avoid them?
    • 00:39:13Q3 – How do I evaluate whether investments in new technology will genuinely improve my practice’s profitability?
    • 00:42:33Q4 – How do I foster a ‘growth mindset’ within my team to support practice expansion and operational efficiency?

    Resources

    Grow your practice with high-quality patients using high-quality marketing tools.

    More About EKWA Marketing!

    Thriving Dentist Coaching
    Learn how to create a thriving dental practice step by step by joining the Thriving Dentist Coaching sessions.

    More Information On Coaching!


    Gary Takacs

    Gary Takacs Gary became a successful practice owner by purchasing a fixer-upper practice and developing it into a world-class dental practice. He is passionate about sharing his hard-earned insights and experiences with dental practices across the globe.

    As a dental practice coach, Gary provides guidance for dental professionals on how to create a healthier practice style that lets them deliver excellent patient care while reducing depending on insurance.

    More importantly, Gary’s insights are not just based on theory – as a co-owner of a dental practice, he has first-hand experience in making this transformation from a high-volume and low-fee insurance model to a fee-for-service approach that is more sustainable and promotes a patient-centric and financially healthy dental practice, and he is dedicated to sharing this knowledge with other dental practitioners via the popular Thriving Dentist Show!
    Connect with Gary Takacs on Linkedin
    Podcast Assistance by Jodey Smith, Rodecaster Expert