KPIs and Benchmarks
It’s crucial to have solid metrics to measure your practice’s financial health against. That’s why we measure critical KPIs (key performance indicators) and benchmarks that provide key information accurately and effectively.
Crucial KPIs of a practice’s financial health include Revenue per Month, Profit Margin, Operating Cash Reserve, and a Monthly Break-Even Point. We use these KPIs, along with key benchmarks, to track your monthly finances and measure the true financial picture of your practice when expense categories specific to the dental industry are isolated and presented with context.
HDA Accounting Group maintains an incredible amount of data to provide accurate and real-time comparisons and perspective for our clients. The Client Average presented on each report shows you how hundreds of other practices just like yours are performing during the same period. All accounting work for those dental practices is standardized at the same dental-specific CPA firm, so the data samples provided on our monthly reports are highly accurate, comparable, and substantially relevant.