Jordon Comstock and Dr. Dan Nelson discuss the challenges and opportunities in managing practice finances, including calculating true costs and identifying areas for improvement.
The Importance of Cost-Per-Procedure Analysis:
Stories about initial discoveries of low profitability in procedures like crowns.
The shock of realizing practices may lose money on specific insurance reimbursements.
Encouragement for granular tracking of profitability per procedure.
Insurance Pitfalls and Overhead Challenges:
Insurance contracts often lead to significant underpayments, as highlighted by shocking examples like $3 profit on procedures or $39 losses on fillings.
The necessity of understanding percentile pri...