988: Metric Mondays: Overhead – Facilities and Equipment Percentage – Robyn Theisen

Rent and equipment is a huge part of overhead. But there are other costs hidden in those categories! In this episode, Kirk Behrendt brings back Robyn Theisen, one of ACT’s amazing coaches, to continue the series on overhead and break down facilities and equipment percentage. To find out where else your money is being spent and how you can improve your overhead, listen to Episode 988 of The Best Practices Show!Learn More About Robyn:Send Robyn an email: [email protected] Robyn on ACT’s Instagram: https://www.instagram.com/actdentalSend Courtney an email to learn more about ACT: [email protected] Gina an email to learn more about ACT: [email protected] Helpful Links for a Better Practice & a Better Life:Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listenJoin The Best Practices Association: https://www.actdental.com/bpaDownload ACT’s BPA app on the Apple App Store: https://apps.apple.com/us/app/best-practices-association/id6738960360Download ACT’s BPA app on the Google Play Store: https://play.google.com/store/apps/details?id=com.actdental.join&hl=en_USJoin ACT’s To The Top Study Club: https://www.actdental.com/tttGet The Best Practices Magazine for free: https://www.actdental.com/magazinePlease leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218Episode Resources:Watch the video version of Episode 988: https://www.youtube.com/@actdental/videosMain Takeaways:Examine your space and equipment. Are you optimizing what you currently have?Review your systems. Do you have underutilized ops or unused technology?A healthy percentage for facilities and equipment is between 7% and 8%.Appoint an equipment coordinator to manage repairs and maintenance.Schedule regular maintenance to extend the life of your equipment.Make equipment purchasing decisions based on ROI, not feelings.Snippets:0:00 Introduction.1:54 Facilities and equipment percentage, explained.2:50 How this percentage impacts your practice.3:56 What is a healthy percentage for this metric?5:27 Are you paying yourself rent?6:17 What you can do to impact this metric.9:02 ACT’s BPA.Robyn Theisen Bio:Robyn Theisen brings an entire life and legacy of dental experience to the team and every team with which she works as the daughter and sister of dentists. With almost 20 years of experience in dentistry, her roles ranged from practice management to operations at Patterson Dental to coaching teams. Robyn’s passion is empowering teams to realize that they can dramatically impact the lives of the people they serve by implementing skills and systems to remove barriers to life-changing dental treatment. She has done it for decades and does it every day with dental teams.Outside of coaching, she enjoys time with her husband, Rob, and two daughters, Emerson and Ruby. She loves traveling, music, fitness, and cheering on the Michigan State Spartans.