Maximising profit by understanding your practice finances

 Aims:
* To explain the most important elements of financial analysis in dental practice management
* To demonstrate how careful analysis of Key Performance Indicators can allow owners and managers to keep the business on course for financial objectives
* To demonstrate the common mistakes that lead to profit-leakage
* To deliver a complete financial management package that you can use "next day" in your practice

Objectives:
* How to understand your profit & loss statement
* Identifying the most important Key Performance Indicators in dental business and comparing with benchmarks
* Creating budget & cash flow forecasts
* Measuring Operating Cost Per Surgery Per Day
* Measuring Average Daily Production of fee-earners
* Calculating the profitability of individual fee earners
* Understanding EBITDA and how it is used to calculate the goodwill value of a practice
* Scientific and emotional pricing - a comparison