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Coaches Corner: Metric Blindness

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Manage episode 441376719 series 1254402
Content provided by Richard Low and Dr. Richard Low | Shared Practices Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Low and Dr. Richard Low | Shared Practices Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Richard and Caitlin dive into "metric blindness" in dental practices, focusing on how to understand and manage Accounts Receivable (AR) for financial health.

Key Highlights:

Understanding Accounts Receivable (AR):

AR reflects the money owed for services provided but not yet collected. Learn how it can be a positive indicator when managed correctly.

Key Metrics for AR Management:

Metrics like the collections ratio, AR to production ratio, and aging categories provide a clear view of your practice’s financial health.

Proactive AR Strategies:

Discover proactive measures to keep cash flow healthy, like setting clear collection guidelines and accurate cost estimates.

Don’t let metric blindness limit your practice's success. Find out how to manage AR effectively! Have a question or topic you want us to cover? Reach out to us on social media or our website at www.sharedpractices.com. Don’t forget to subscribe and leave a review if you enjoyed this episode!

  continue reading

49 episodes

Artwork
iconShare
 
Manage episode 441376719 series 1254402
Content provided by Richard Low and Dr. Richard Low | Shared Practices Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Low and Dr. Richard Low | Shared Practices Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Richard and Caitlin dive into "metric blindness" in dental practices, focusing on how to understand and manage Accounts Receivable (AR) for financial health.

Key Highlights:

Understanding Accounts Receivable (AR):

AR reflects the money owed for services provided but not yet collected. Learn how it can be a positive indicator when managed correctly.

Key Metrics for AR Management:

Metrics like the collections ratio, AR to production ratio, and aging categories provide a clear view of your practice’s financial health.

Proactive AR Strategies:

Discover proactive measures to keep cash flow healthy, like setting clear collection guidelines and accurate cost estimates.

Don’t let metric blindness limit your practice's success. Find out how to manage AR effectively! Have a question or topic you want us to cover? Reach out to us on social media or our website at www.sharedpractices.com. Don’t forget to subscribe and leave a review if you enjoyed this episode!

  continue reading

49 episodes

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