For most dentists, the way they operate their practices, their management issues and financial results are held tightly and not shared. Whereas clinical, technical procedures and technology are openly shared. We have found that enabling practices to be transparent with their results in a structure we have developed called a Board of Directors of Private Practice has generated incredible results for all participants.
Transparency leads to clarity and insights. Transparency results in being open to coaching and support. Transparency results in trust, kinship and respect. Bottom line, transparency works. We have Boards in our Mastery Study Clubs as well as in our Get Smart Programs. Each month they report their financial performance to each other. And here’s the bottom line, each doctor participating in a Board has seen improved practice results. That’s right, each and every members’ results get better.
Dentists have been isolated and fragmented so long they have adopted the policy of keeping things private. Privacy pays no dividends.