The Struggle To Make The Clinic Profitable
Investment V/s Profit
Running a private clinical practice is like a consumer oriented business where you are providing the patients your expertise in solving and managing their dental problems. In today’s competitive scenario starting a dental clinic is real difficult. As you saw in the previous slides the expenditures that are required.
To sustain a dental clinic a dentist needs to recover all the monthly expenditure prices. Any earning after that – the dentist can take home. So the more the monthly expenditure the more stress it creates in the initial years of dental clinic.
But you need to have patience. By the 3rd year, the clinic, if managed properly will start to show good turn out of patients as the population is ever booming. You also got to remember that – dental practice has a profit margin of around of 60 yo 70 %. So once the patient flow increases then you will gradually start making profit. So, as told before you need to play the waiting game properly.
Well that’s it for this article that gave you the basic idea on what are the expenditures if you plan to open a clinic. What we are not saying is not the only information on the topic. Don’t go just by anyone’s words. Not even ours. Get out there in the market and do your research. Until you do that, reading articles will just give you information. But to use the information you need to get out there and experience the dental private practice yourself.
INSTRUMENT MANUAL FOR A NEW DENTAL CLINIC Opening a dental clinic can be a daunting task. There are so many things to buy & purchase. It’s a big list. Starting from the infrastructure to dental materials and equipments.
(A Guide for all the young dentists) This article is for all those young dentists planning to open their dental clinic/set up. You will come across many articles on the internet and also here at dentalorg.com that will talk to you about dos and don’t s while planning for a dental clinic.