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Dr. Production / Patient (gross)

October 17, 2024 3 minutes To Read

2024-10-18

Understanding and Improving Your Dental Practice’s KPIs with Practice by Numbers

In the ever-evolving landscape of dental practice management, keeping a keen eye on key performance indicators (KPIs) is crucial for sustained growth and success. One significant KPI to monitor is Production Per Patient Seen (Doctor) (Gross). By leveraging the power of Practice by Numbers, dental practices can gain deeper insights and take actionable steps to improve this vital metric.

Production Per Patient Seen (Doctor)

This KPI measures the average revenue generated by doctor-specific procedures for each patient seen by a doctor. It is calculated using the following formula:

Total Gross Production from doctor-only procedures / Number of Patients receiving these procedures

A higher value indicates better productivity and efficiency, directly correlating to increased revenue and optimized operations.

KPI Statistics

For the period from 2024-01-01 to 2024-06-30, the statistics are:

  • 10th Percentile: $191.92
  • 25th Percentile: $259.73
  • 50th Percentile (Median): $364.66
  • 75th Percentile: $521.53
  • 90th Percentile: $753.53

Comparing this with data from the same period last year:

  • 10th Percentile: $202.26
  • 25th Percentile: $272.90
  • 50th Percentile (Median): $363.80
  • 75th Percentile: $494.99
  • 90th Percentile: $687.67

More detailed and monthly KPI statistics are available to Practice by Numbers users, offering a granular view of performance over time.

KPI Calculation

To calculate this KPI, follow these simple steps:

  1. Total Gross Production: Sum of revenue from all doctor-only procedures (e.g., $20,000).
  2. Number of Patients: Count of unique patients receiving these procedures (e.g., 50).
  3. Calculation: Total Gross Production / Number of Patients = $20,000 / 50 = $400 per patient.

Importance of This KPI

Monitoring the Production Per Patient Seen (Doctor) KPI provides several benefits:

  • Insight into Doctor’s Productivity: Identifies how efficiently doctors generate revenue per patient.
  • Identifying Improvement Areas: Highlights areas for training or process optimization.
  • Financial Planning: Aids in setting realistic financial goals and forecasts.
  • Patient Satisfaction: Indicates the effectiveness of comprehensive care per visit.

Strategies to Improve This KPI

  • Enhance Treatment Planning: Develop comprehensive treatment plans for each patient.
  • Offer Continuing Education: Provide advanced training for doctors to expand their skill set.
  • Optimize Scheduling: Reduce downtime through efficient scheduling practices.
  • Invest in Technology: Utilize modern dental equipment to improve procedure efficiency.
  • Patient Education: Increase treatment acceptance rates through patient education.
  • Performance Monitoring: Regularly review and provide feedback on doctor performance.

How Practice by Numbers Can Help

Practice by Numbers offers advanced dental business intelligence solutions that empower practices with actionable insights and effective tools to enhance their KPIs, including Production Per Patient Seen by Doctor. Here’s how:

  • Comprehensive Analytics: Get in-depth data and analytics on doctor performance and patient treatment patterns.
  • Customized Reports: Generate tailored reports to monitor specific KPIs and track progress over time.
  • Real-Time Data: Access real-time data to make informed decisions quickly.
  • Goal Setting: Set realistic, data-driven goals for doctors and the practice as a whole.
  • Training Modules: Utilize integrated training modules to enhance doctor skills and productivity.
  • Automated Scheduling: Implement intelligent scheduling systems to maximize doctor efficiency.

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