Controllables
What is the % of spend goal for your supplies?
2.8%
Where can you find total collections for the office on your P&L?
What is under the "total revenue" line on the top of the p&L
What does PSLM stand for?
What is People, Supplies, Labs, Marketing
What is the THRIVE % for lab spend?
What is 4%
Where can I find the amount we are spending to pay all of the office's bills on the p&l?
What does it mean when someone says IBDS in regards to the P&L?
What is Income before Dr Sharing-this is the amount of profit before any Dr or team bonus is paid out
What is the goal for people spend?
What is 22.5%
Where does the cost of PSR (answering service) hit on the P&L?
What is the goal of profit % on the P&L to be considered a profitable office?
What is 16%
What is the goal for marketing spend?
What is 2%
What is a tool we can use to ensure the supplies are in budget for the office ordering person?
What is the budget supply form
What is the profit % goal if a Dr is wanting to be eligible for President's club?
What is 18%
What is the goal for our total controllable expenses?
What is 31.5% max
What is one way we can lower our lab supply %?
what is use diamond trusted labs, double check lab invoices to ensure no double or extra charges, use labs with scan/digital capacity
How often should we be reviewing our P&L/numbers with the team?
What is once a month at a team meeting-should have an action plan leaving the meeting