In this episode, I’m breaking down how to diagnose if you’re over-teamed or under producing and what to do about it. If you’ve got an advanced skill set—whether it’s ortho, implants, grafting, or molar root canals—you should be hitting at least $80,000 a month in production. If not, there are fundamental issues to address, and we’ll start by looking at team compensation, which should fall between 20-30% of collections. I’ll walk you through how to calculate this, including salaries, benefits, and taxes, and explain why focusing on major overhead areas is far more impactful than obsessing over saving a few bucks on supplies. Let’s dig into the metrics that will help you optimize your practice and boost profitability.
@01:00 - Understanding Team Compensation
@03:18 - Why Goals Are Hit or Miss
@07:34 - The Danger of Micro-Optimizing
@11:23 - Evaluating Your Practice
@18:40 - Taking Action
Who is Dr. Sully Sullivan?
Dr. Sully is a fourth-generation dentist from Nashville, Tn. After receiving his doctorate of dental surgery from the University of Tennessee, he moved back to Nashville to practice with his father. By continuing to invest in his education through adult orthodontics, soft tissue grafting, dental implants, third molar extractions, and obstructive sleep apnea, he helped double his practice in just 24 months.
As a millennial, he truly believes in working smarter not harder, which has led him to utilize technology to not only deliver better patient care but more efficient care. Dr. Sullivan regularly uses CEREC, 3D imaging with Galileos, 3D printing, and multiple lasers. In addition to his practice, he started the Millennial Dentist Podcast in February of 2017 to help push his fellow colleagues to take their dental careers to the next level. Dr. Sully lectures around the country on cone beam technology, cad/cam dentistry, obstructive sleep apnea, and practice management. He is also an ambassador for the 3D-Dentist teaching facility in Raleigh, NC.
As always, thanks so much for listening! If you like the show, we would love for you to review the show on Apple Podcasts as well as spread the word! If you have any questions or want to get in touch, shoot me an email at [email protected]
Links and Resources
Email: [email protected]
The Millennial Dentist Website: http://millennialdentist.com/
Millennial Dentist Facebook Page: https://www.facebook.com/MillennialDentist
Millennial Dentist Instagram : https://www.instagram.com/millennialdentist/
Two exciting conversations today! First off, it was an absolute pleasure to get to chat with Gary Takacs at Voices of Dentistry. For those...
For years we have used CEREC Dental Milling machines and they are excellent. But it is so exciting to get something new in the...
Well, it turns out the three of us know absolutely nothing about embezzlement, hiring, or firing! But seriously, this was a very eye opening...
