Getting Control of Your Dental Practice Expenses | DBTN #5

In this episode of Dentistry Beyond The Numbers, Dr. Marc Liechtung dives deep into the crucial topic of expenses and how they can impact the success of a dental practice. Joined by his partner, Rolando Mia, Dr. Liechtung shares invaluable insights based on his extensive experience in acquiring, analyzing, and building dental practices. From salaries and benefits to labs, supplies, rent, marketing, and professional fees, he reveals the optimal expense ranges that can lead to a highly profitable practice. As a seasoned professional in the field, Dr. Liechtung provides practical advice for dentists aiming to enhance their practice's financial health and overall success. Dr. Marc Liechtung’s Social Channels: LinkedIn: https://www.linkedin.com/in/marc-liechtung-d-m-d-9871ab15/ Instagram: https://www.instagram.com/dentistrybeyondthenumbers/ Business Inquiries: [email protected] Timestamps: 00:00 Careful budgeting crucial for successful dental practice. 06:10 Maintain staff costs at 45-55%, improve efficiency. 09:08 Use digital workflow, control dental supply spend. 12:10 Doctors' costs are fixed, plan carefully. 16:19 Advising on expenses and efficiency in dentistry. 17:40 Team focuses on cutting expenses for profitability. 21:47 Next session will cover practice efficiencies and work-life balance.