Practice Management Coaching

TMFD Financial is the premier provider of integrated practice management solutions for dentists and dental specialists from graduation through retirement.

Dental Practice Management Coaching - Why Coaching?

Professional athletes are continually engaging with coaching, and you should be too! Dental practice management consulting has proven to be an indispensable tool for dental professionals. Our knowledgeable coaches have the expertise to assess all of your dental practice opportunities and provide practical results-oriented support as you achieve your goals.

Practice Management Coaching Assessment

Operational Assessment Service (OAS)

This comprehensive service evaluates the primary systems in the dental practice to uncover dormant revenue and growth potential. You can think of it as a practice performance “snapshot”, illustrating areas of opportunity.

The assessment entails pre-on-site data collection and on-site analysis and a report containing facts, findings and actionable recommendations to improve practice performance. We review the report with you and together we agree upon the right practice improvement plan. Next, we prepare a customized coaching proposal, to facilitate its implementation over a specified period of time.

Human Resource Assessment (HRA)

In response to many client requests for this service, TMFD Financial, Consulting offers HRA to dental professionals. Staff costs are typically the highest operating expense and we provide advice and solutions to reduce and meet industry norms.

We review your current employees relative to the practice needs, and then design job descriptions with performance measurements, evaluate team performance and identify training requirements.

Industry Norms Scorecard (INS)

The INS service provides dentists with a tool to examine their practice performance relative to industry norms. The dental practice management coach, along with TMFD Financial professionals, examines the financial performance of your practice, and identifies whether expenses are below or above industry norms. An INS is completed and we discuss the results as well as strategies to bring expenses into line with industry norms. Our dental practice management coaches work directly with you and your team to achieve results in specific areas.

Practice Management Coaching Professional Training

CEO Leadership Coaching (CLC)

It’s becoming increasingly essential for the dental professional to acquire the skills needed to improve their knowledge and effectiveness as a leader.

A “one shoe fits all” approach does not support our philosophy that everyone has the ability to develop strong leadership skills. That’s why our consultants work collaboratively with you to identify your unique strengths and leadership style before developing an effective plan.

We plan sessions and provide training to improve your knowledge of KPI’s – Key Performance Indicators. KPI’s are a valuable tool that simplify practice management and illustrate practice trends.

Training the dentist to improve office and practice management by utilizing software information is an integral part of CEO Leadership Coaching. Practice monitors are implemented as a means of collecting and interpreting the useful data that will be used to establish your improvement action plan. Our coaches stay in contact with you throughout the process and for a three-month period after the program, always ready to discuss, interpret and aid as your unique plan is developed and activated.

Professional Team Training (PTT)

For long term team members or a new hire, PTT is always a wise choice to advance team and practice performance. Our training focuses on the dental office and practice priority systems; accounts receivable, re-care and treatment communication/management, business and clinical efficiencies, customer service, and software utilization.

Practice Start-Up (PSU)

At TMFD Financial, Consulting we understand that starting a new dental office and practice can certainly be an exciting, although stressful experience for dentists. Our PSU service is the best investment you can make when starting a new dental practice. TMFD Financial coaches have extensive knowledge of dental start-ups and will support the owner through: hiring and training new team members, developing job descriptions with performance measurements, practice marketing initiatives, customer service training, effective communication training, integrating practice technology, development of KPI’s (key performance indicators) and coaching to manage expenses.

Succession Planning Services (SPS)

As a dental professional, one of the most significant professional and personal decisions you will make pertain to your succession plans. Our SPS is designed to ensure you prepare and execute a plan that is effective and well-conceived.

A pre-sale review helps to set the stage. We identify areas of the practice that can be targeted for improved results prior to the practice valuation, assist in implementing enhancement strategies, and monitor progress.

The TMFD Financial team of experts review the practice evaluation and provide feedback before the document is finalized. Finally, our consultants develop a transition plan, guiding seller, buyer, and team members through a smooth succession.

Associate Recruiting Service (ARS)

One of the most significant challenges for dental professionals is recruiting an associate dentist to join their team.  Dental practice owners cannot afford to make mistakes in this area of practice development. Simply put, the ramifications of a “poor professional hire” can have a significant and lasting negative impact on the practice.

The ARS service goes beyond the logistics of timing for the hire, hours to be offered and scheduling. Experience shows that one of the reasons dental associate placements fail is due to differences in clinical philosophy. We recruit using a holistic approach – clinical philosophy and expertise, personal attributes and logistics.

Custom Workshops and Seminars (CWS)

Continuing education and skill development in the dental industry is a necessity and those dental professionals who pursue it, reap the rewards.

Custom workshops and seminars can be created on a variety of topics.

Infection Prevention & Control Program by TMFD Financial

IPAC In-office Program

Our TMFD Financial, Practice Management Consulting service offers a comprehensive package designed to provide you and your team members with a clear path towards implementing current infection prevention and control standards into your dental practice in Ontario.

How it Works

We assess the dental practice’s current infection control process with an on- site visit. Then we collaborate with you and your team members to create a detailed plan to implement any necessary changes.

Included in this program is an Infection Prevention and Control Manual, customized for your practice. The manual will contain required policies, reprocessing procedures, environmental cleaning schedules, and manufacturer’s instructions for use regarding water quality testing and sterilizer maintenance.

In addition to this assessment, we will help your team understand and achieve the industry norm goals associated with a dental supply purchasing budget.

*As IPAC Program requirements are subject to change, the manual will be reflective of the most recent conditions at the time of scheduling this service.

Contact us at 1-844-311-8633 for a free consultation.

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As many of our satisfied clients can testify – Practice Management Consulting makes all the difference!

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