Ep. 11: Patient Retention & Reactivation, Why Dentists Lose 50% of Their Practice

 

We all tend to focus on new patients, new patients, new patients, but how many existing patients are you losing out the back door? It’s probably more than you realize. So in this episode, we get into patient retention, recall, and how to calculate the potential of your hygiene department.

Topics:

0:13 – The cost of new patient acquisition vs patient retention

7:27 – The Hygiene Formula: Assessing the health of your hygiene department

12:55 – How you can use this to add 6 figures to your practice revenues

Links:

Download the Hygiene Formula Spreadsheet - https://www.mgeonline.com/hygieneformula/

The MGE New Patient Workshop - https://www.newpatients.net/

 

Listen to full episode :

Questions From This Episode

How much does it typically cost to acquire a new patient, and how does that compare to what's spent retaining one?

The average dentist in the US spends around $350 to acquire a new patient through direct mail, and about $422 through Google pay-per-click, real costs that can be improved with better marketing skill, but that's the rough baseline. What gets spent retaining that same patient once they're already in the practice is often close to nothing, sometimes just a few dollars worth of an employee's time.

What is the hygiene formula, and what does it actually measure?

A calculation that takes total unique patients seen over the last five years, multiplies by two to estimate expected annual recall visits, subtracts roughly 40 percent for natural attrition, and divides by the number of weeks the practice is open to show how many hygiene days the practice should be running each week. Comparing that expected number against actual recent hygiene visits reveals the practice's real compliance percentage.

In the episode's own example, what did a 31 percent hygiene compliance rate actually reveal about the practice?

A practice that should have been running 12 days of hygiene a week was really only running six, and of the roughly 4,800 recall visits it should have produced annually, it was only producing about 1,250, meaning nearly 70 percent of the patient base wasn't being regularly seen at all.

Why does dentistry have a genuinely unique advantage most other businesses would envy, and why is it so rarely used?

Most people already know, without ever being told directly by their own dentist, that they're supposed to see a dentist twice a year, an expectation built into the public consciousness through decades of Colgate and Crest advertising that any other business would love to have. Despite that built-in advantage, most practices put almost no consistent effort into actually reminding and bringing patients back in to use it.

What would it actually be worth to hire someone specifically to improve hygiene compliance?

In the episode's example, paying a dedicated employee $40,000 a year to get patients back on the hygiene schedule and raising compliance from 31 percent to 80 percent would add somewhere around $400,000 to $600,000 a year in collections, a return that dwarfs the cost of the position itself.

Episode Transcript

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