Most practice owners and managers work incredibly hard, but a busy practice does not always mean a profitable one.
You can have a full diary, a great team and an excellent reputation, yet still wonder where the money has gone. Understanding your finances is what turns hard work into sustainable success.
Join us at the Marlborough Academy Study Club for a practical session focused on the financial side of running an independent dental practice. Rather than an accountancy lecture, this evening will provide straightforward, practical guidance to help you make more informed business decisions.
If you’ve ever questioned your profit and loss statement, wondered whether your fees are set appropriately, or wanted to understand the true profitability of your clinicians, this session is for you.
We will cover the financial measures that matter most, including profit and loss analysis, Key Performance Indicators, benchmarking, cash flow forecasting, clinician profitability, Operating Cost Per Surgery Per Day, Average Daily Production, EBITDA and pricing strategies. You’ll also learn how to identify areas of profit leakage and use financial data to improve the performance of your practice.
By the end of the evening, you’ll leave with practical tools and greater confidence to make informed financial decisions and keep your practice on track for long-term success.
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Maximising Profit by Understanding Your Practice Finances
Innovations & Future Trends in Dentistry, 24th May 2024, Riddel Hall.