Recorded Seminar

How Do Practice Financials Relate to Practice Profit?

Dr. Patrick HoulihanSpeaker: Patrick Houlihan, DDS
Fee: $25 DDS and Staff; $50/Non-member DDS
CE Credits: 1

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A dental practice is just like every other small business: it has to make a profit to survive. The more profit it makes the better it will be for patients, staff, and eventually the doctor(s). But is making a profit moral? This webinar will look at the typical costs associated with a dental office, the numbers that should be track, and how often those numbers should be viewed and by whom.

Learning objectives:

  • Discover the typical overhead expenses and what percentage of collection should they be in order to assure profitability.
  • Find the difference between hard and soft expenses.
  • Learn how to minimize costs through budgets, purchasing responsibilities/procedures, and constant monitoring.

This course counts toward the Certified Dental Business Professional program. Earn 1 credit in the
Office Finances category. Click here for more information on the MDA Certified Dental Business Professional program. Look for this logo for other CDBP-qualifying courses.

Co-sponsored by MDA Insurance and MDA Services.

About the Speaker … Dr. Patrick Houlihan graduated from the University of Detroit School of Dentistry also holds degrees in microbiology, psychology, and business. He has completed residencies in both orthodontics and dental implants, and is co-owner of a dental practice in Burton, Mich. Dr. Houlihan has also worked as a dental practice consultant with over 150 successful practice transitions.