Name
Session 2 - Calculating Overhead and Profitability
Date & Time
Friday, October 2, 2020, 9:30 AM - 10:30 AM
Speakers
Description
Learning Objectives:
- Learn how to calculate overhead and profitability
- Design a Balance Sheet and a Profit & Loss Statement that are easy to understand
- Identify your expected profitability within your dental specialty
- Discover which items are included in determining your profitability
- Discuss the frequency and amount of fee increases
- Learn how to rebalance your fees
- Identify the six (6) key performance indicators (KPIs) to which dental practices must adhere
- Identify additional KPIs
- Define variable costs and provide examples
- Define fixed costs and provide examples
- Establish your Chart of Accounts
- Determine your dental practice’s overhead
- Develop cash flows and forecasts for year 1 and beyond, with break-even points (BEP)
- Discuss where we go from here & identify the next action steps
This is course is designed to assist dentists with growing their dental practice by focusing on overhead, profitability and the Profit & Loss Statement.
Commercially Supported by:
Keynote Speaker Photo
Allen M. Schiff, Dental CPA, CFE
CEU Credits: 1
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