Episode 624

What is Your BHAG for 2024?

Host: Gary Takacs | Published Date: December 27, 2023 | Listening Time: 0:51:58

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Setting goals and standards to reach your dreams is essential when you’re a dental practice owner. Here’s your chance to transform your dental practice in 2024 by setting the right goals and ensuring proper follow-through. ‘BHAG’ is an acronym that Gary Takacs explains in detail during this final episode of the year, 2023. Tune in to get your burning questions answered and to receive resources that are crucial for your practice in the upcoming year!

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    • 00:00:24 – Introduction to the Episode

    Clinical Tip

    Coaching in Action

    Conversation Continued!

    Q&A Segment 

    • 00:29:49 – Question 01 – I enter my contracted fees into my practice management software. How can I figure out how much I’m writing off due to PPO insurance participation?
    • 00:36:11 – Question 02 – My practice had experienced consistent annual growth prior to COVID. However, the last 3 years have stumbled a bit and only now, in 2023, we are back to our 2019 numbers. I like your goal of 10% or more annual growth. Do you think 10% growth for 2024 is realistic for my practice considering the last few years and how challenging they have been?
    • 00:42:12 – Question 03 – Can you give me some suggestions on how to get my team fully on board with my 2024 BHAG?
    • 00:45:50 – Question 04 – I really love your concept of having a BHAG. However, is having a BHAG consistent with also achieving an effective work-life balance?


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    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!
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    Podcast Assistance by Jodey Smith, Rodecaster Expert