Whether you own your own dental practice or work for one, being aware of the biggest dental practice challenges can help you avoid them altogether. Sometimes these situations are out of your control if you’re an employee. If you own your own dental practice, familiarize yourself with these threats so you prevent them from happening.
Competition from other practices can be a big threat to your own. For this reason, you want to stay up to code on the newest medical procedures, keep a fresh and lively looking business, and maintain clean and up to date equipment. If a medical practice opens near you and starts offering competitive prices, you may want to examine your finances and see if lowering your costs is an option.
Increase in Costs
An increase in costs of medication or treatment is one of the biggest dental practice challenges. Make sure you’re getting the best bang for your buck. Work with organized insurance companies and enlist a financial management team to help keep costs down.
In addition to lowering costs of treatment, working with a financial management company can also help shift and organize money around to help your company save in the case of emergencies or future investments. For example, if an MRI machine stops working, you don’t want to go bankrupt when you have to purchase a new one. Having some money tucked away for these special occasions can end up saving your business in the long run.
Not following proper procedure methods and safety guidelines could have you seeing the end days of your dental practice. All employees, new and old, should be up-to-date and properly educated on any guideline changes. They should also how to use new equipment and medication.
Violations are usually caused by unqualified employees, lack of knowledge, or lack of safety guidelines. Over time, these can add up and cost you your business. Some of the most common violations include improper disposal of biohazardous waste material, hand hygiene, and many more that you can read about here.
Poor Dental Office Design
Poor dental office design can severely affect your business. Many dental offices these days are designed for efficiency and end up looking very sterile and boring. Dental offices are obviously not the hippest of places, nor do they have to look that way, but a few modern touches never hurt. When an office gives off the vibe that the designer really cared about the feel of the space, it communicates to the patients that this dental practice really cares about them. This is often one of the easiest dental practice challenges to address.
Things like paint color, flow or feng shui of the space, efficiency, and cleanliness are all factors to consider. For example, choosing a nice blue palette with a fun design may make patients feel calmer in the space. It increases their opportunity for a great visit and for repeated business.
Working with a dental property management company, like Boulevard Medical Properties, to help you choose and design the perfect office space may save your practice in the end. Boulevard takes into account all of your specific dental practice needs and offers some of LA’s most desired locations. We can also help you find ways to turn your office green, help with repairs, and aid in a lease negotiation.
These dental practice challenges may seem daunting, especially when you’re new to owning a dental practice. However, the more information you have, the more you can do to prevent them from happening.