The all-encompassing strategic financial management model in Microsoft Excel designed for dentistry
All large corporations have an all-encompassing business model in Microsoft Excel that they use for strategic planning, operations analyses, and monthly reviews with top management. The Dental Practice Financial Calculator provides this same style of all-encompassing strategic business planning model for dentistry.
The Dental Practice Financial Calculator is a strategic financial management tool, not PMS (Practice Management Software). Our software is different. It doesn’t automate bookkeeping, set appointments, store images or provide other dentistry services. Instead, it focuses on the financial aspects of practice management not tactical processes and workflows. No other dental-practice programs address the full range of strategic financial issues such as calculating the fair market value of a practice or bringing
During challenging economic times, business owners need every advantage they can get. In addition to advice from their consultants, most dentists receive a four-page monthly financial statement from their accountants, a cover letter, and a trial-balance statement of their income and balance sheet accounts. This statement normally reflects the current month and YTD results. That's it! That’s the only financial information most dentists use to make their routine and key practice decisions - and it's not enough for sound practice management.
With very little training in a short period of time, you can take those standard monthly financial statements from your accountant and convert them into remarkably useful management insights. Mere awareness of the bottom line is one thing, but clearly seeing the impact of even slight changes to the practice can make the difference in long-term profitability.
The goal was to develop a dental practice management tool that is easy to learn and use. Most dental schools only offer limited courses in finance and management in their dentistry curricula. When you're in practice, you may consult with great accountants and financial advisors, but those experts aren't always available to help with key practice decisions. Likewise, while there are plenty of software programs to help automate bookkeeping, set appointments, and store images, none of those programs teach you to become better, more successful business owners.
The strategic financial management tool for dentistry.
- Provides five important functionality features to allow for strategic practice management.
- Creates a unique method for reviewing monthly financial statements.
- Converts financial statements into useful management insights.
- Shows financial results in clear, understandable graphical reports.
- Calculates the fair market value of your dental practice.
- Offers an easy-to-implement partnership tool.
- Addresses strategic challenges that practice owners face.
- Assists with routine and crucial practice decisions.
- Offers a free -2 month trial offer to try our software.
- One-time licensing fee includes free annual upgrades.
- Provides a free Practice Model
This free Practice Model contains 24 months of both financial and production data and has a dental practice staff of 11 employees. The website does not require any contact information for this free download. If you choose the "open" option after clinking on the download link, the model will open in an Excel Browser format. If you save the browser or choose "save" after clicking on the download link, the file will be saved like any other Excel (.xls) file. The Excel browser format makes it very easy for a person who has never tried using Excel before to review or play with the model.
To obtain more information call me at 919-975-5368.