Mercer analytical tools now offered through Patterson Dental

Patterson Dental has added profit-driving analytical business tools by Mercer Advisors to its Explore Store online technology center to help dentists identify lost revenue and determine the overall health and performance of their practice.

After dental professionals securely submit their practice data online, analytics are performed and reports are produced showing how a practice compares both individually and collectively to others in the market. “Gaining a greater awareness of how and where to capitalize on revenue opportunities can lead to more earning potential and ultimately, increase the value of the practice,” said Tim Rogan, Patterson Dental vice president of marketing, merchandise.

The Limited Fee Analysis Report compares 20 common code practice fees to those of other local dental practices. The assessment helps dental practices identify where and how fee modifications can boost incremental revenue and gain competitive advantages.

The Hygiene Opportunity Analysis Report provides detailed accounting of incremental practice earning potential by maximizing the regular cycle of preventive patient appointments. The report outlines any hygiene gaps and identifies whether new patient flow is the result of patient attrition or true growth. The analysis also shows revenue opportunities when patient flow is consistent and accumulative. Potential opportunities for the practice include increasing hygiene production and profitability and adjusting practice fees (up and down) to gain a competitive advantage.

“These often eye-opening analytical tools are another example of technology solutions that can help dental practices reach the highest level of success,” Rogan said. Look for these practice-building assets on Patterson’s Explore Store (www.pattersondental.com/appstore), a central location for dental professionals to conveniently access a variety of innovative resources for growing their practice.