MGE Management Experts Provide Effective Dental Practice Management Consulting

Adverbs presentationAlthough dentists want to focus on their patients’ dental care, they are distressed that much of time is spent dealing with insurance companies plus business administration, ” says Gregory Winteregg, DDS, Vice President of MGE: Management Experts, Inc. (www.mgeonline.com) and an expert in dental practice management consulting. “As a result, the majority of the 174, 000 dentists training in the United States are discouraged and professionally unfulfilled. ” Further, Dr. Winteregg says that, while dental schools do an excellent job teaching dental students about state of the art procedures and equipment, they fall short when it comes to teaching business and communication skills. As a result, dentists often become dependent upon a business consultant to guide them in practice management. “MGE: Management Experts takes a different approach, ” says Dr. Winteregg. “By training dentists in business technology, marketing communications, and human resources, they are empowered in order to efficiently run their practices, which usually positively influences their bottom outlines. ” MGE trains dentists, their office managers and staff on subjects ranging from marketing, case acceptance, organization, management, financial planning, and leadership. Collectively, MGE’s entire training program is called the MGE Power Program. In a statistical study conducted at the end of 2005, MGE found that the average client starting the Power Program had average monthly collections of $37,000. Within three months, clients increased monthly collections by an average of 31 percent, while after two years, the average monthly collections increased by 132 percent. “After five years, the average MGE Power Program client is gathering $123, 500 per month, ” says Dr. Winteregg. “That’s a boost of 232 percent! ” Although almost 90 percent of dentists own their own practices, they often have only basic knowledge about everything from staffing their offices to marketing their services. “As an effect, dental practice management is often inefficient plus ineffective, which negatively affects dentists’ professional satisfaction and profitability, ” says Dr. Winteregg. Dr. Winteregg should know, as he spent eleven years in private practice as a general dentist before turning to MGE to help him streamline and build his practice. As an MGE client, he found the principles and tools he needed to have his practice become one of the top four percent of practices nationwide. “I discovered that the keys to developing my practice were learning how to efficiently market for fee-for-service new sufferers so as to stay out of HMOs plus PPOs, to hire the right people to personnel my office, and to learn how to speak with my patients to increase comprehensive therapy acceptance, ” says Dr. Winteregg. Within two years, Dr. Winteregg decided to dedicate his career to helping other dentists thrive, and joined MGE as a partner with Luis Col,n, a leading national executive trainer and speaker. According to the U.S. Bureau of Labor Statistics, employment growth in the field of dentistry will not outpace the average growth of other professions or industries in the coming decade. “Because dentistry is not the high-growth profession, dentists must be positive in building and streamlining their own practices, ” says Dr. Winteregg. “In today’s environment, the particular cornerstone is to attract fee-for-service sufferers and those with traditional insurance plans, and also to avoid the reduced fees and time-consuming overhead that comes with being a member of a good HMO or PPO. ” MGE: Management Experts, Inc. guides dentists through the maze of business administration hurdles, human resources challenges, and communication barriers that often prevent dentists from feeling professionally fulfilled and reaping financial rewards. Dr. Winteregg concludes, “We’re devoted to providing professionals with the tools to build up sound dental practice management. Time plus again, we’ve found that when dental practitioners have these tools in place, they not just feel enormous professional fulfillment, however the monetary rewards flow effortlessly. inch About The Author
Kris Nickerson Press Direct International (www.pressdirectinternational.org) is really a global information website providing dependable information tailored for professionals monetary, media and corporate markets. Senior Editor: Kris Nickerson.

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