Practice expansion. The decision-making process and related strategies.
Expansion decisions in a dental practice may involve the addition of equipment and personnel. There is a logical sequence for expansion that necessitates an analytic assessment of practice needs. This article provides methodology for determining the need and strategies for increasing resources. A detailed description of the technique of breakeven analysis is used to illustrate the potential level of profitability derived from the addition of hygienist and associate profit centers. The concept of decreasing idle capacity through the process of space sharing is presented as an option for increasing profitability.
Georgetown University School of Dentistry, Washington, D.C.
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D003365:Costs and Cost Analysis; D003657:Decision Making; D003748:Dental Equipment / Q000191:economics; D003756:Dental Hygienists; D004526:Efficiency; D006801:Humans; D007182:Income; D010318:Partnership Practice, Dental; D010559:Personnel Management; D011215:Practice Management, Dental / Q000191:economics; D011364:Professional Practice