Sep 23 2024 33 mins
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!