Imagine you are taking a yacht out to sea. Even the shoreline is still in view, it’s very difficult to use the trial-and-error method using the land as a reference to reach the shore. However, when you can no longer see the shore it gets much more complicated. Unless you have a compass, you’re left floating in the direction the wind takes you, with no ability to know where you are or if you are getting closer to where you want to be. In the same way, running a practice without meaningful insights into the decisions you make is a similar experience. How can you effectively navigate the competitive landscape and fast-pace of the modern business world without the ability to know where you are and how you’re performing? You must know what levers to pull and how that action impacts your practice’s growth. Essentially, you need a compass for your practice. The best way to help control the direction of the practice’s growth is to measure key performance indicators (KPIs), analyze the metrics, and make the appropriate adjustments. By constantly making adjustments, you can gain control of where your practice growth is headed. One of the most powerful outcomes of tracking metrics is the ability to make data-driven decisions and rapidly respond to indicators in your business – whether good or bad. You may wonder, how a dental KPI dashboard helps your practice.
KPI dashboard helps you:
- To measure relevant metrics that highlight the essential KPIs (Key Performance Indicators)
- To measure growth metrics that reveal how your daily decisions are impacting your practice alongside KPIs
- Helps you to stay on top of trends that have produced growth.