LOST PATIENTS =
SEVERE LOSS OF REVENUE
All dental offices lose patients occasionally. Patients move.
Patients pass away. Patients enroll in managed care plans and must seek an
office where their plan is accepted. Some who leave may not like a particular
aspect of the office ambiance—I once knew a patient who left an excellent
office because she did not like the type of music played. Some are lost due to
no follow-up when a patient leaves without scheduling the next appointment. Others
are lost through holes in the hygiene program, never being enrolled in the
regular recare routine. Still others leave due to a disagreement with the
payment policies or the treatment modalities. For a wide variety of reasons,
patients come and patients go.
Problems arise when multiple patients leave an office so
that production declines and profit suffers. The difficulties are exacerbated
when there are too few new patients to replace the ones who leave.
Look at the following chart; substitute your own fees for,
perhaps, a hygiene visit, a single restoration, and a more extensive procedure.
Multiply the fee charged for a particular type of procedure by the average
number of patients lost per day (1, 2, or 5 in the example). Multiply that
number by the number of days worked annually to calculate an annual loss of
production. The total annual loss for even one lost patient per day for 190
work days in a year is staggering.
YOUR ANNUAL REVENUE LOSS IS:
If you work 190
days/year and lose:
|
Spending
$150/year
|
Spending
$400/year
|
Spending
$700/year
|
1 patient/day
|
$28,500
|
$76,000
|
$133,000
|
2 patients/day
|
$57,000
|
$152,000
|
$266,000
|
5 patients/day
|
$142,000
|
$380,000
|
$665,000
|
Suggestion: Share this information with staff to drive home
the importance of enumerating and analyzing the reasons patients leave the
practice. Comprehension of what causes patients to leave should lead to
diligent work to correct problems and retain patients.
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