Monthly Reporting - It's What You Do With It That Counts

It's surprising how many people have asked howThe activities to track are production, collections
to get their business statistics on a single pageand accounts receivable, expenses, case tracking
each month. They have also asked how to turnfor new and existing patients and patient
the information into charts and graphs for useretention. There is a standard process or system
during meetings. Software today makes thisyou have in place to produce a specific result in
easy; anybody can do these things with wordeach area. That is what you are measuring here,
document and/or a spreadsheet program.the effectiveness of a system, not individual
Therefore, there must be another problem inperformance. Employee performance is measured
addition to getting the numbers on one page.elsewhere although is often reflected in the
Is the problem truly a lack of knowledge aboutreport.
word or spreadsheet programs? It is possible, butThe primary purpose of the monthly report is to
not likely. Most people are computer literate andsee what systems are producing the desired
with built-in software tutorials, learning a newresults and which ones are not. It is a tool to
program is quite simple and painless. It can beidentify problems that are hindering growth and
done in a few hours.profits. Problems are defined as less than
Could it be that the information is too detailed,anticipated or expected results. Once you identify
redundant and confuses people instead of helpsthe problem the particular system can be
them? In dentistry, this has become a problem.modified, refined, or changed to get the numbers
Monthly tracking has been taken to the extreme.you are looking for.
It now takes multiple people to do what oneWhen the results are good, the report serves
person used to do in the past. As a result thereanother purpose. Remember the objective; to
are way too many details, much of it redundantgrow the business. Now it functions as a
and subjective, and it manipulates the facts.motivational tool. Begin looking at the specific
That is the crux of the problem; too muchactivities and find ways to improve upon them to
information and uncertainty with how to use it.get more and better results.
Monthly reports are intended to identify whereEvery activity affects another. All the statistics
the business stands and what direction it isshould be on one page so you can easily see
heading. The bottom line is measuring andthese affects. People have requested charts and
monitoring for growth. The dental business can begraphs. If you use a spreadsheet program, they
very effectively managed by tracking the resultscan be developed quite simply.
of specific activities on a monthly basis.