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Dr. Rhonda Savage on Dentists’ Financial Policies

October 16th, 2009 · 2 Comments

calculator and calendarIn this month’s dentaltown.com print edition, DentalBlogs contributor and “great mind” Dr. Rhonda Savage shares her insight into what makes dentists’ financial policies successful. Her practical advice and tips can help you develop a great financial policy that will “keep your patients coming back.”

Dr. Savage recommends that the doctor get and stay involved in the accounting of his or her office. The dentist should manage the practice effectively and know which employee to speak with about any patient or issue. This management structure, according to Dr. Savage, will reduce stress and promote professionalism and accountability.

Another important issue is your financial guidelines. Dr. Savage points out topics and ideas you may not have yet considered in regards to developing or revising your current financial policy. Patients should understand your policy, as should employees, and the doctor/manager should not make exceptions that overrule an employee’s effort to carry out the set guidelines.

In this economy, you should offer financial options – pay by credit card, third party financing, or set up a phased treatment plan. Dr Savage suggests you consider your policies regarding lab work fees, insurance copays, and cash courtesy discount.

Read the full article at www.dentaltown.com. Dr. Savage’s bio is available here.

Tags: Administrative · Financing

2 responses so far ↓

  • 1 Richmond Hill Dentist // Oct 25, 2009 at 9:42 pm

    During this difficult economic times, dentists who offer financial policies with payment plans will be more successful.

  • 2 Richmond Hill Dentist // Oct 25, 2009 at 9:42 pm

    During this difficult economic times, dentists who offer financial policies with payment plans will be more successful.

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