731: Turning the Numbers into Dollars: Data Mastery in Your Practice! – Dr. Barrett Straub The Best Practices Show with Kirk Behrendt

731: Turning the Numbers into Dollars: Data Mastery in Your Practice! – Dr. Barrett Straub
Do you hate tracking numbers? Are you confused about what to track and why you need to track them? To help you change that, Kirk Behrendt brings back Dr. Barrett Straub, ACT’s CEO, with another framework for mastering the key data in your practice. Start making better business decisions with the help of data! To learn which numbers to track and countermeasures to improve your profitability and culture, listen to Episode 731 of The Best Practices Show!
Learn More About Dr. Straub:
Send Dr. Straub an email: barrett@actdental.com Join Dr. Straub on Facebook: https://www.facebook.com/barrett.d.straubRegister for Dr. Straub’s live workshop (August 23, 2024): https://www.eventbrite.com/e/act-dental-gaps-method-the-formula-for-financial-freedom-tickets-776572418007Send Gina an email: gina@actdental.com 
More Helpful Links for a Better Practice & a Better Life:
Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listenJoin The Best Practices Association: https://www.actdental.com/bpaJoin ACT’s To The Top Study Club: https://www.actdental.com/tttSee the ACT Dental/BPA Live Event Schedule: https://www.actdental.com/eventGet The Best Practices Magazine for free: https://www.actdental.com/magazinePlease leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218
Episode Resources:
Watch the video version of Episode 731: https://www.youtube.com/@actdental/videosRegister to access ACT’s PPO Roadmap: https://www.actdental.com/free-resources/ppo-roadmap/Register to access ACT’s Say This, Not That resource: https://form.jotform.com/221665137804153
Main Takeaways:
Know your gross production and net collection numbers.Assess, categorize, and track all of your write-offs.Evaluate and maximize your schedule.Improve your communication skills.Upgrade your hand-off system.Rework your financial policies.Reassess your AR system.Don't do this on your own.
Snippets:
0:00 Introduction.
2:07 About ACT’s TTT Study Club and BPA.
6:06 Why this is an important topic.
10:06 Data point #1: Net production.
13:54 Countermeasure #1 for low...