Times are changing in America, and the economy is crazy, at best, right now. How can you prepare your practice to stay afloat? In Dental Economics this month, Dr. Michael Schuster, owner of the Schuster Center and respected speaker, educator, and dentist, lays out eight points that every dentist in private practice should consider.
For instance, in regards to budget, Dr. Schuster says get an open line of credit established now, don’t provide private financing for your patients (work with CareCredit instead, for instance), and separate your “wants” from your “needs.” Dr. Schuster also recommends that dentists take particular care in not pushing treatment on patients. In uncertain times as these, patients will postpone dental treatment – you can count on it. By pushing them, you could lose them. Another great point that Dr. Schuster shares, and our own blogger, Dr. John Cranham has shared similar advice in the past, is to use your free time wisely. Focus on improving your management from the front desk to the back office to recalls.
Read Dr. Schuster’s article, “Recession proofing your practice: How important is it?” here.