Today, at The Extreme Business 2018 London workshop – we cover The Money Sessions.
Here’s the agenda:
Workshop 2 – The Money Sessions
08:30 Arrival and coffee
09:00 Welcome and introductions for the day
- • Review of the last quarter
- o What were your most significant accomplishments?
- o What were the mains things you would like to have achieved but didn’t?
- o What tolerations, obstacles or roadblocks do you need to address?
- o What issues or challenges are you facing right now?
- • The next quarter
- o What are the biggest wins you can make in Q2?
10:30 Coffee
11:00 The Money Sessions – Part 1
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- • How do you collect and review your financial information?
- • Understanding your profit and loss statement;
- • Benchmarks for performance;
- • Creating budgets and cash flow forecasts;
- • Understanding the significance of OCPSPD.
12:30 Lunch
13:30 The Money Sessions – Part 2
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- • Measuring and managing clinician productivity and profitability;
- • Accurate pricing;
- • Tips on how to ethically maximise profit;
- • Calculating the value of your practice.
15:00 Coffee
15:30 The next 90 days
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- • Your goals for Q2
- • Open house – market overview and Q&A with Coach Barrow
17:00 Close
Eye opening post. Did my review on same lines as well.
What is OCPSPD???
That’s Operating cost per surgery per day – defined as fixed costs (exclude lab and materials and any freelance associate or hygienist), divide by the number of clinical days available – take a look at the Key Performance Indicators free download from the Resources/Infographics section of my web site.