• Dental Specific Chart of Accounts

Your chart of accounts is essential to your business, offering clarity and structure for smooth operations. Without it, measuring efficiency or tracking finances in real-time becomes impossible. A customized dental-specific chart of accounts is designed to meet the unique needs of your practice, enabling detailed business analysis whenever required.

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• Clean Bookkeeping

Effective bookkeeping goes beyond automation. While having a well-structured chart of accounts is important, accuracy in categorizing expenses is crucial. For instance, allocating a $10,000 bill from Henry Schein entirely to lab costs, when it should be split—such as $3,000 for supplies, $5,000 for equipment, and $2,000 for labs—can distort your financial insights. Misclassifications like these can accumulate over time, altering the bigger picture and leading to errors in financial decision-making.

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• Managing Payroll

Keeping payroll information confidential, especially when handled internally, can be difficult. Addressing this concern is one of the services we offer, providing you with a seamless solution to alleviate this responsibility.

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• DMT (Daily Management Tracker)

While the DMT shares similarities with other tracking tools, its unique features offer unmatched levels of detail and information. One key advantage is the ability to manually input data under your control, rather than relying solely on automated processes that may lead to inaccuracies. This ensures that the information is accurate from the start, avoiding flawed results. This capability empowers you by giving you full control. With just a minute of daily input from you or your team, this report becomes a powerful tool, providing projections, snapshots, detailed breakdowns of write-offs, production/collection goals, comprehensive new patient details, downtime, last-minute cancellations, and more.

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• Practice Analysis

We regularly review crucial elements such as accounts receivable, provider production, adjustments, daily deposits, and more. Additionally, we ensure that team members have appropriate access and adhere to proper procedures for tasks such as handling insurance and processing payments. Our goal is to detect and address any potential issues that could lead to errors or complications.

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• Fee Analysis

Efficiency is crucial, and we're dedicated to improving your overheads and expenses. We recommend evaluating your current fees compared to regional benchmarks and your professional value. By strategically adjusting fees rather than implementing a blanket increase, you could potentially boost revenue by $10,000 to $300,000. Surprisingly, this can often be achieved without losing any patients!