Practice Manager → Finances

Financial Management Best Practices for Dental Office Managers: Part 2 (PM003)


Description
Is your team equipped to provide a clear snapshot of where the practice is financially? Do you have an understanding of the strengths and weaknesses of your practice’s performance and how that’s impacting your finances? If not, this course can help. It covers information on what types of reports should be run and with what frequency so that you know where you stand financially. Reports such as data on key performance indicators also help you identify areas of the practice that need improvement. The course also includes cross-checking recommendations to validate records and identify the mishandling of funds.

Benefits to your organization:
- Improved payment collection processes
- Information about the practice’s financial health
- Insights into practice performance in different areas

Who should enroll in this course:
- Dental practice/office managers

Benefits to course participants:
- Learn what type of reports to run and with what frequency to effectively manage the practice’s finances
- Develop indispensable skills that help dental offices get a clear understanding of their financial health
- Acquire in-demand, transferable skills in analyzing the strengths and weaknesses in practice performance

On successful completion of this course, you should be able to:
- Identify monthly and bi-weekly finance-related tasks and reports that need to be done
- Describe the purpose of key reports and what they include
- Handle patient payment collections optimally
- Identify regular reports that should be generated to monitor practice performance
- Describe ways to assess the financial health of the practice

Participation Requirements:
- Basic computer literacy
- Access to a computer, tablet, or smartphone
- Internet access
- Experience working in a dental office is recommended but not required

Estimated Time Required to Complete: Parts 1 & 2 60-70 minutes

Publication date: 5/2019

Additional Information About Our Courses

Release Date: 03/16/2020 CE Units: 0.5

Content
  • Course Activity
  • Financial Management Best Practices for Dental Office Managers: Part 2
  • Summary
  • Key Take-Aways
  • Quiz
  • Financial Management Best Practices for Dental Office Managers: Part 2 Quiz
  • Survey
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: 3 years
Prerequisites