Turn Record Production into Maximum Profit
As the dental industry continues to boom, practices everywhere are experiencing record treatment acceptance rates that are driving high production numbers. On the surface, it would seem 2022 could be a banner year.
Yet, that is not necessarily the case. This year is marked by inflation that continues to rise, quickly turning into higher overhead, which is eating into profits despite higher production.
Coupled with overall economic and market uncertainty, current conditions necessitate making the most of this profitable window while pent-up demand is high. To do this, Cain Watters & Associates CPA Angie Svitak encourages her clients to adopt a growth strategy that focuses on growing profits more than simply increasing production.