Tag - Dental Economics

Dental Patient Lifetime Value is a measure of the total worth of a patient to your dental practice. It is a dollar amount that suggests how much a patient will contribute over their entire lifetime as your patient, and it is one of the most important metrics you need to know as a dentist.

Careers have a funny way of shaping themselves out. One minute, you’re setting foot in a dental practice you’ve recently purchased, and the next, you’re trying to figure out how to move from it. If you’re currently in that position—planning to sell to your dental practice soon—you’re reading the right article.

Learn the similarities and differences between Live Chat and Chatbots and discover the best tool you need to improve your dental patient communication.

Reducing your patient acquisition cost can help you manage your overhead, save time and make the most of your dental marketing budget.

It can be challenging to make the most of your dental marketing budgets and resources if you don’t have set benchmarks and measurable goals. After all, like Tony Robbins once said, “you can’t hit a target if you don’t know what it is.” To grow your dental practice, you need to identify, measure and track […]

Online reviews impact your dental practice’s patient acquisition and patient leads. Learn how patients use them to decide on their choice of a dentist.

You will learn how to define these two strategies, which strategy is better suited for your dental practice, and how you can benefit from implementing them, which is better suited for your dental practice.

Local SEO has never been more important for dental practices and dental marketers. If you want to give your dental practice the best chance of boosting its brand reputation online and attracting new patients, you have to prioritize your local SEO strategy. In its recently released Local SEO industry report, Moz outlines the top 9 local ranking factors that impact SEO in 2020.

Patient feedback plays a crucial role in the long term growth and success of a dental practice. It is as simple as this: you can’t get better if you don’t know what you are doing wrong. In the dental industry, your patients are the best indicators of what you are doing wrong – or right.

Amongst several factors that can negatively affect the growth of a dental practice, patient attrition is one of the least talked-about. While it is great to establish and implement marketing strategies that result in new leads and more patients for your dental practice, it is even more beneficial to have a system in place for retaining your current patients.

This is the second article in our dental economics series. Over the course of the series, we will discuss the measures dentists can take to manage their wealth and achieve their financial goals. In the first article of the series, we discussed the ways dentists can navigate ongoing recession. That article recommends studying the times and making key decisions for the future – and this is exactly the kind of mindset that is needed as you plan for your retirement savings. In this article, you will learn some of the steps that you can take to start planning for your retirement now or in the future.