KPIs are firm statistics or measurements that represent the most important factors in practice success. They should be measured and summarized in a routine single-page report every month. While most practitioners may say they already review their profit and loss (P&L) statements monthly, many KPIs are not found on a P&L statement. In fact, P&L statements often fool dentists into believing that their practice is performing better than it actually is. KPIs, as outlined below, are based on real data and provide a true picture of practice performance in numerous areas. A practice that fails to measure and track KPIs is operating blindly-without the benefit of early warning signs or indications of declining practice performance.
OVID HMS Software helps you capture the procedural data in all aspects of your dental practice. This raw data also helps you in seeing the KPIs for your dental practice on the Software Dashboard. To help determine the health of their practice, dentists should consider its key performance indicators (KPIs). Below are the Key Performance Indicators ( KPIs ) that you would be able to see after enough data is generated in OVID HMS software: