Manage episode 517857398 series 1820200
Ever felt like your dental practice would finally take off if you could just get a few more new patients through the door? That seductive thought might be keeping you from discovering what's really holding your practice back.
I learned this lesson the hard way. Two years into practice ownership, we were consistently seeing 75-90 new patients monthly with minimal marketing effort. The schedule was packed, production was strong, and colleagues were asking for my secrets. I genuinely believed I had mastered practice ownership—until I implemented dashboard software that revealed the harsh truth. Despite impressive production numbers, almost every other metric was failing. Patient retention was terrible. Case acceptance rates were dismal. Cancellations were rampant.
What makes this trap so dangerous is how effectively new patients mask these problems. When you're constantly busy with new faces, you don't notice how many existing patients disappear through the back door. When demand for appointments is high, cancellations don't leave obvious holes in your schedule. When enough patients say "yes" to keep you busy, low case acceptance rates don't trigger alarms. But these hidden inefficiencies dramatically slow your practice's true growth potential.
Once we addressed these fundamental issues, everything changed rapidly. We reached capacity faster, brought on associates sooner, and I reduced my clinical days while improving profitability. The math is clear: fixing retention keeps your marketing investments working longer; reducing cancellations frees your team from constant schedule shuffling; improving case acceptance lets you treat fewer patients while achieving better financial results. Rather than chasing more new patients to pour into a leaky bucket, focus first on plugging the holes—then watch how quickly your practice transforms when new patients become a growth accelerator rather than a band-aid covering deeper problems. Ready to discover what's really holding your practice back? Let's talk about creating systems that maximize what you already have.
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Chapters
1. My Hard Lesson About Practice Success (00:00:00)
2. How New Patients Mask Practice Problems (00:04:38)
3. The Hidden Cost of Poor Retention (00:06:06)
4. Cancellations and Case Acceptance Issues (00:07:22)
5. Measuring What Matters: Tactical Takeaways (00:09:58)
6. Final Thoughts and Call to Action (00:12:32)
617 episodes