How much risk do you tolerate in your dental practice?
Dentists today face a barrage of risks, from patient interactions, team behavior, technology, embezzlement, theft, natural disasters and more.
From minor hiccups to major failure, the fact is things will go wrong in your practice — guaranteed. How you identify, prepare, react, and handle these situations is your key to being a confident, productive leader. Says Dr. Bruce B. Baird, “Personally, I don’t mind situations coming up, because they allow me to tighten up the systems I have in the practice.”
When things go wrong, people usually fall into one of three categories. Do one of these sound like you?
As a small example, if you have a patient who shows up with an appointment card that reads 10:00am but they’re on the calendar for 11:30am you may be tempted to say, “I need to find who to blame for messing this up”. But the fact is, there may be a breakdown in your system somewhere, and you can reduce the risk of this happening again by identifying and eliminating the breakdown.
Take a moment to reflect on yourself and your business with this three-step Risk Tolerance Assessment.
1. Do you know what the major risks are to your practice?
2. Do you have systems in place to reduce those risks?
3. Think back to the last time something went wrong in your practice. How did you react? How did it make you feel?
Being intentional about risk mitigation can save your practice, and even life. Everyday Practices podcast guest Dr. Roy Shelburne learned about risks the hard way. A lack of insight into the risk in his practice sent him to prison for 19 months for healthcare fraud. To hear Dr. Shelburn’s story, listen to his interview on The Everyday Practices Podcast.
The reality is, the more informed you are, the easier it is to lower your risk in your practice. The more prepared you can be for potential risks, the lower your stress and the more empowered you are to lead your practice to success.
Productive dentists that consistently produce 5-Star patient experiences and massive raving fans have three things in common when it comes to generating year over year growth in the practice:
Productive Dentist Academy is offering something we’ve never done before to give you access to the exact proven methods you need to jumpstart productivity today — not months or years from now.
Recent PDA Business Impact: Foundations Program participant Dr. Darren Webber explains,
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