Master Your Practice's Finances

Episode length: 1h 14m  |  Published: 2021-05-21

Financial mastery is one of the most underleveraged competitive advantages available to dental practice owners — and one of the most neglected. Prosperident's David Harris, Amber Weber, and Wendy Askins are joined by senior investigator Scott Clifford for a wide-ranging conversation about the financial fundamentals that every practice owner needs to understand and actively manage.

Topics covered include:

• The financial reports every dentist should be reviewing — and how often
• How to read a dental practice profit and loss statement effectively
• Key performance indicators (KPIs) that signal the financial health of a practice
• Production vs. collection: understanding the gap and closing it
• How overhead ratios should look for a healthy dental practice
• Common financial mistakes dentists make when delegating oversight
• How financial mismanagement and embezzlement often look the same on paper
• The questions you should be asking your bookkeeper and accountant
• Building a financial oversight routine that takes minutes, not hours

Financial confidence is not just about protecting against theft — it is about making better decisions, reducing stress, and building a practice that supports the life you want.

To learn more about practice financial protection, visit www.prosperident.com or schedule a consultation at www.prosperident.com/meetwithdavid.