The 7 Deadly Sins of Dental Financial Arrangements

Couple things. First, you’re probably already pretty good at financial arrangements, and two, financial arrangements are not going to make your patient experience, but they can break your patient.

We don’t want to scare and confuse our patients. So we want clarity. We want efficiency. We want effectiveness. We want to ensure that the financial arrangements are friendly but firm.

In this episode, I discuss how dental practices mess up financial arrangements. So if you want tighter case acceptance systems, prevent one-star patient reviews, and have seamless financial arrangements, so your life gets easier, tune in now!

Listen in and find solutions to common practice issues at  Prescriptions for Your Practice.

If you enjoyed this episode, please share it with your dentist friends. Check my Instagram (@dr.maloley) and TikTok (@dr.maloley) for your daily dose of thought-provoking content so that you can be a better practice owner. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.

Key Quotes:

  • “How can we tighten things up? Because as practice owners, there are so many moving parts that it behooves us to just pause.”
  • “You can find one or two things to make sure that your financial arrangements don’t create any ill will after you’ve gone to great lengths to create goodwill.”
  • “What you think is firm financial arrangements may not be firm enough.”
  • “Surprises kill your reputation.”
  • “Case acceptance is not an event. Case acceptance starts when the patient first hears about you.”
  •  “If you push me into buying, first of all, I ain’t gonna buy. And I’m probably gonna find somebody else who’s more in a relationship with me than driving to a sale. And patients read into that.” 
  • “We have to become masters at asking questions and asking for permission before talking money.”
  •  “I don’t want a patient to be more connected to their relationship with their dental benefits than to me as the dentist.”

Featured on the Show:

  • I appreciate your feedback. Let me know what you learned and loved here: [email protected].

subscribe-with-itunes-buttonStitcher-Subscribe-Button

Dentists’ Secrets To Preventing Employee Drama & Unhealthy Conflict

So what happens when there’s high conflict in a dental practice? Why is it so important to really understand the nuances of this game?

Given the society that we live in, the level of unrest, the level of frustration, and the stuffed emotions that have happened over the last couple of years, it’s only expected that some of this will leak into your practice and surface as unhealthy conflict. So you should be prepared with a tool kit. And that’s what we’re going to be talking about today. 

Doc, are you leveraging the power of healthy conflict?

If you want to:

  • Enjoy coming to work,
  • Have a unified team, and
  • Avoid playing babysitter or referee …

So you can have a confident culture during uncertain times, tune in now!

Listen in and find solutions to common practice issues at  Prescriptions for Your Practice.

If you enjoyed this episode, please share it with your dentist friends. Check my Instagram (@dr.maloley) and TikTok (@dr.maloley) for your daily dose of thought-provoking content so that you can be a better practice owner. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.

Key Quotes:

  • “We can express thoughts without feeling like we’re gonna be put down or that we have to put someone else down. And that we’re just having a difference of opinion.”
  • “Sometimes love doesn’t mean that you’re letting people off the hook. Sometimes that love is tough. And that’s what healthy conflict looks like in a very enhanced culture.”
  • “We have to make sure that we’re preventing unhealthy conflicts so that we’re not putting out fires. You, as a dentist, have better things to do.” 
  • “We can’t expect a team to be on the same page if we haven’t given them that page.”
  • “Ironically high conflict tends to create poor and careless decisions.”
  • “Unhealthy culture promotes more culture cancers. And you go from stage one cancer to stage four cancer. And once it’s at stage four, as far as culture cancer goes, it’s really difficult to resolve.”
  • “Every time is what’s best for the patient. What’s best for the patient. What’s best for the patient.”

Featured on the Show:

  • I appreciate your feedback. Let me know what you learned and loved here: [email protected].

subscribe-with-itunes-buttonStitcher-Subscribe-Button

7 Tips for Increasing Dental Practice Owners’ Motivation and Mental Toughness

Doc, when you started your practice, did you ever think that you needed to have mental agility and toughness to survive in this industry?

I know you love your practice, so there’s no turning back amidst all the threat and fragility that goes with it. Instead, let’s figure out a way up and around that threat by discussing the real science and tools behind mental toughness. 

Let’s talk about the important topic of Mental Toughness for Dentists.

  • Doc, if you want to see your challenges as opportunities,
  • Stay motivated in uncertain times, and
  • Engineer and environment that keeps you winning…
  • So you can consistently level up your Practice Owner Confidence, tune in now!

And after listening, I hope you feel confident that you’ve got some extra tools and insights to thrust you into this new economy.

Listen in and find solutions to common practice issues at  Prescriptions for Your Practice.

If you enjoyed this episode, please share it with your dentist friends. Check my Instagram (@dr.maloley) and TikTok (@dr.maloley) for your daily dose of thought-provoking content so that you can be a better practice owner. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.

Key Quotes:

  • “You lead you to upgrade your confidence to lead your team. And you and the team, together, can lead patients to get the care that they need.” 
  • “Resilient leaders have resilient teams and resilient businesses that can win in any economy.”
  • “We have to get to the point where we’re comfortable in our skin when running a dental practice because it’s less exhausting, and you’ll be much more influential to your team and patient.”
  • “Give up to me is emotional, like I can’t handle it anymore. Quit is intellectual. Like it does not make sense for me to pursue this target, to wrestle with this challenge any longer.”
  • “Between stimulus and response, there’s the freedom to choose. And within that freedom to choose, you have imagination. You have self-awareness, you have a conscience, and you have an independent will, but that will not happen if you do not have a steady mind.”
  • “How you view the future matters – matters big time.”

Featured on the Show:

subscribe-with-itunes-buttonStitcher-Subscribe-Button

Why Dental Practice Owners Need A “Why Stack”

“People don’t buy what you do; they buy why you do it and what you do simply proves what you believe.” – Simon Sinek

What’s your purpose as a dental practice owner? Why are you doing what you’re doing? But while you seek out your purpose, why not create a “Why Stack” that you can use to leverage on yourself and keep you going in good times and in bad? I want you to have a thriving practice with plenty of cash flow and high profits. But most importantly, I also want you to enjoy it because that enjoyment part is a requirement.

In this episode, I discuss how to avoid the two BIG cash flow killers.

So if you want to understand how dentists stay motivated in challenging times and finally answer the question “what’s in this for me?” so you can consistently increase your income and net worth, tune in now.

Listen in and find solutions to common practice issues at  Prescriptions for Your Practice.

If you enjoyed this episode, please share it with your dentist friends. Check my Instagram (@dr.maloley) and TikTok (@dr.maloley) for your daily dose of thought-provoking content so that you can be a better practice owner. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.

Key Quotes:

  • “I think the important underlying conversation to succeeding beyond standard norms over the long term is how do we get enhanced results while reducing stress? Because if we don’t reduce that stress, then bad things happen.”
  • “The problem is that there are all these books, hundreds of books talking about finding your purpose, right? And I feel like purposes are now positioned as this big elusive thing.”
  • “If you’re gonna be good at leading a team and your team is gonna be good at leading patients to do the right thing for their health, then you’re gonna need more than extrinsic motivating factors.”
  • “I think there’s a greed slash ego slash selfishness issue in modern society. But the thing I will say is I do not think that’s a problem with most dentists.”
  • “Generally speaking, we are happier when we’re spending money on experiences and less happy when we’re spending on tangible items. But that’s not exactly true either, right?”
  • “If you’re a solo practitioner, you get to decide and choose a path of being not on demand, but in demand.
  • The more valuable we are, the more income we have.”
  • “A little frustration is actually a good thing because you’re uncomfortable and you’re gonna find a resolution.”

Featured on the Show:

subscribe-with-itunes-buttonStitcher-Subscribe-Button

Patient Trust Starts With This

What are the key elements of happy, healthy, high-performance teams? How do we turn conflict into opportunities for collaboration? How does collaboration turns into innovation and that innovation turns into a remarkable patient experience? Finally, and more importantly, do you have a system for small talk?

Doc…

  • if you want to boost case acceptance, 5-star reviews, word-of-mouth referrals, and 
  • If you want to create your own economy and have your employees connect with your patients so you can have patients know, like, and trust you, then

Tune in now as we discuss why there’s nothing small about small talk.

Listen in and find solutions to common practice issues at  Prescriptions for Your Practice.

If you enjoyed this episode, please share it with your dentist friends. Check my Instagram (@dr.maloley) and TikTok (@dr.maloley) for your daily dose of thought-provoking content so that you can be a better practice owner. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.

Key Quotes:

  • “The economics are creating a significant headwind and the easiest way to win this game is to create your own economy.”
  • “If dental teams have a system for small talk or at least some frameworks or guidance and embrace that, it is the on-ramp to trust, rapport, case acceptance, referrals, et cetera, and really good things happen.”
  • “Research says 7% of communication is verbal. That means the rest is tonality and physical communication.”
  • “We want to humanize ourselves, not to the level of unprofessionalism, but just to create a human-to-human connection.”
  • “Stories are humanizing. They are trust-building if done tastefully and not inappropriately. So don’t be caught off guard, have stories worth sharing.”
  • “Little tiny things create small talk and the small talk creates a big connection. And the big connection creates even bigger chances for reputation building, referrals, and all of the things that you really need in private practice.”

Featured on the Show:

subscribe-with-itunes-buttonStitcher-Subscribe-Button