by drcfo | Dec 30, 2019 | Employee Management, Financial Advice, Owner Personal Development, Practice Manager
The rigorous training to become a doctor is not easy and requires many hours in and out of the classroom. Depending on your specialty, there are more licenses and education required. Like a doctor, the steps to becoming a CFO include experience in and out of the...
by drcfo | Nov 7, 2019 | Employee Management, Owner Personal Development, Practice Manager
From our experience in medical consulting and dental consulting we know that employee salary, bonuses, and raises are a strategic way to motivate your best employees to stay and your poor performing employees to leave. If done smartly, your poor performing employees...
by drcfo | Oct 25, 2019 | Employee Management, Practice Manager
Our most recent article was about how to implement an employee accountability program. Accountability programs are important because without them, important tasks can easily be overlooked or perpetually delayed. We recommended to develop job standards, set individual...
by drcfo | Oct 25, 2019 | Financial Advice, KPI, Owner Personal Development, Practice Manager
Our previous article discussed the essential ingredients of an employee appraisal. In our opinion, employee reviews are over complicated with lengthy appraisals that are subjective instead of objective. In order to create an objective appraisal void of grey areas, we...
by drcfo | Oct 25, 2019 | KPI, Practice Manager
Just as medical and dental professionals use clinical data to make decisions about patient treatment, they should be using daily Key Performance Indicators (KPIs) to make decisions about their business. As with clinical data, it is best to track the important data...
by drcfo | Oct 23, 2019 | Employee Management, Owner Personal Development, Practice Manager
Holding regular employee evaluations is a required part of managing your practice. For employee performance to be monitored and employee growth to be tracked more frequently, we recommend that you have smaller reviews that take 10 minutes four times a year. If you...
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