DSO CFO

🦷💰 When it comes to practice financial statements, you should always strive to have financials that are simple & easy to understand. Simple does not mean short. Simple means understandable. Financials are meant to bring clarity to you as the practice owner or a decision maker. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 The best DSO & practice owners I know all have one thing in common: They KNOW their financials. Month in & month out they're eager for us at @dsocfo to close out their books & walk them through the numbers & then they actually do something about what they've learned. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Accounting comes before finance. Bookkeepers before CFOs. You need a grasp on reality before applying strategic finance & before the fun can begin. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Bookkeeping is one of the most misunderstood services in the small business ecosystem. Some practice owners give it almost no thought at all. Very few see it for what it really is: An investment, whose ultimate purpose is growth. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Proper dental bookkeeping processes should be set up from day one, for your practice. I emphasize dental bookkeeping because the clarity in understanding the information behind the numbers is incredibly empowering, in additional to getting a clean set of financials each month. You could hire the best CFO in the world... the most talented... the most knowledgeable... And they would be useless if your practice doesn't have accurate bookkeeping. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 With the end of the year fast approaching, many are already proactively thinking about the 2025 year, what goals were hit, which goals were missed, whats realistic vs what's not, etc.... In order to fully understand how the various decisions/scenarios you're mulling over might impact your future cash flow & profitability, you need a financial model. Want a high quality financial model for your practices? You need clean financials. Dental focused bookkeeping is foundational when it comes to your decision making & cash flow impacts. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Good, Better, Best: Finance for Dental Practices 𝗚𝗼𝗼𝗱 (𝘵𝘩𝘪𝘴 𝘪𝘴 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘣𝘢𝘥): relying on your bank balances to assess business performance Better: you have access to monthly financial reports with key insights on performance Best: in addition to your monthly financial reports, you use a 13 week cash forecast to manage cash flow & avoid costly missteps along the way. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Finance influencers love to tell people all the ratios they need to know in order to be successful in business. I've been guilty of this myself, but really you just need to keep it simple. Focus on the following: 1. Revenue Growth 2. Gross Margins 3. Cash Flow Track, Forecast, & Analyze these. Do these consistently & you'll already do better than most. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Good KPIs tell the story of your practices - effective KPIs guide business decisions. As a dental practice owner, make sure you understand how they're connected to the financial outcome or goal you're after. If you fail to link KPIs to real-world outcomes, you're missing the point of tracking them. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Be cautious when selecting your Dental Practice KPIs. In my experience, dentists/practice owners tend to choose too many. You only need a few. If you move in all directions simultaneously, you stay in the same place. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso