News From The Wealthy Dentist #178: December 16, 2009
News from The Wealthy Dentist: December 17, 2009
Click
here to view the newsletter online! Feature articles include:
Dentists: Pros and Cons of Health Care Reform
Last week I shared some thoughts about health care reform and dentistry – specifically, how government-sponsored prophy exams could be good for dentists. Wow, did you dentists ever have a lot to say about that! “Well Jim, in theory, it sounds good. In practice, I think we will find that patients don’t appreciate or value something they do not pay for,” responded one doctor. Click to continue to article…
Survey: Dentists Tighten Their Belts
n this survey, three of four dentists (74%) said they have made changes as a result of the slow economy. Fully half are trying to reduce office expenses. “People are reluctant to spend,” sighed one dentist, while another said, “I’m working a shorter week with slightly longer days.” Click to continue to article…
Survey Video: Equipment Disappointments
The average dentist reports being displeased with expensive dental equipment purchases. Eighty-three percent of dentists in the poll
felt that many tools do not live up to advertised promises. The remaining 17% said equipment met expectations. Click to watch the video…
In this survey, we asked dentists if they have been disappointed by dental peer review. Respondents were split on the issue; 47% reported having problems, while 53% had no issues with dental boards. “It’s a witch hunt even if you are innocent,” said one doc. Click to watch the video…
Results Marketing
“My dental practice is seeing ten to 15 new patients a month thanks to the Internet Dental Alliance! IDA dental marketing accounts for a 10% to 20% increase in business,” writes Dr. Kenneth Childers of Oakland, California. Read more marketing stories…
No-Cost Dental Domain Search
Internet dental marketing requires you to have two things: a dentist website, and a domain name for that website. Choosing names that rank well in search engines requires SEO expertise. We’ll help you select a name that’s available and will be successful. Click to see what’s available…
When I first came to work with Jim, I was producing approximately $48,000 per month. At the end of the first year, I was producing 114% more than when I started. The value of new patients during that first year also doubled.
When I first started, I had about 8-10 new patients a month. I was practicing alone in my home, so I had a very small practice. I knew I really had to grow the practice quickly because I moved into a new facility. With the different approaches the The Wealthy Dentist has given me, I was able to move the number of new patients up to 41 a month.
Dr. Jan Ormsby Ithaca, NY
The major benefit that I have received from having been a member of the The Wealthy Dentist has been my transition from managed care insurance plans to fee-for-service patients.
Probably the biggest key that I've seen that has allowed me to progress to where I am now has been really implementing a lot of the systems that I've learned.
You know: making sure I have a complete team that's working for a common goal. In addition to that, I'm really implementing a lot of the marketing strategies that I found were the most effective for me.
Especially when I first started, I tried a lot of different marketing techniques, and I wasn't sure whether they were going to work or not. With Jim and his team of dental management consultants, I've really been able to copy genius instead of creating mediocrity.
Dr. Victor Sobrepena Foster City, CA
When I started with Jim about 12 years ago, my practice was producing an average of about $35,000 a month. I had a goal to move out of the really small place that I was in that was really getting pretty old, pretty outdated.
So now I'm in about 3,000 square feet. I have an Associate doctor and our average production now is in the area of about $160,000 a month.
The marketing strategies that the TheWealthyDentist.com have given me have always stretched me a little bit. They've always been very effective. We're on the Internet. I've been on the radio - very uncharacteristic for me. And television. We have a well-designed, well-thought-out, well- tested yellow page ad. They work. If you just follow the program, it works!
