Lab Fees
Depending on your
specialty, lab fees can account for a considerable amount of your expenses.
Therefore, saving on them can play a major role in your overall
goal to reduce overhead to less than 40%. (I have mentioned before that if
you are a group practice with an overhead already under 40% these tips can
take your overhead to an all-time low).
Changing dental labs is
not easy, especially if you are happy with your current lab's work. But
if you are not happy with your lab or if there is part of the lab work that
you are not totally satisfied with, saving will be much easier.
If you
are not happy with your lab, or if they are not meeting your expectations
In this scenario shopping
for a new lab will benefit you in two ways: saving money and
improving quality.
There are
thousands of dental labs in this country, finding a good one is not
easy. However, there are a number of smaller labs with competent technicians
that charge a fraction of what larger, highly publicized labs charge.
In bigger labs, oftentimes
you don't even get the same technician every time; in effect it is like
sending your work to a different lab each time! Well, if that is what you are
doing, why not try new labs that charge less? There are many labs that will
work on a case at no charge just to try them. This way you not only save
money, but are able to find a lab you are comfortable working with.
I have been working
with a local lab for years now. The fees are very low, their work is
excellent and they have good customer service with free delivery and pick up.
Working with a lab like this can save you thousands of dollars in a single
year!
Wouldn't you rather
spend an extra $15,000 on, let's see... an exceptional vacation or a big down
payment on a new car?! I bet you would. The difference may be even larger
than this, depending on how much you pay now and how many cases a month you
have.
If you
are happy with your current lab
If you have been working
with your current lab for years and you are absolutely happy with them, it is
difficult make a change. But let me ask you this:
"When was the last
time you asked for a discount from your lab?”
When was the last time
you told them you are happy with their work but that you have many other
options at lower prices, so if they could give you a 10% or 15% discount on
all the work you send them you would stay with them? Don't forget to mention
the fact that you have been loyal to them for all these years and, considering
the amount of business you give them, you expect a little bit of a break on
the bill.
Labs are businesses
too; the same way we trade lower PPO fees for more business and accept HMO
insurances for more patients, they will give you a break when they understand
the alternative is losing you.
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