Client problem Doctor owners of a Wisconsin dental practice approached Baker Tilly after their current accounting provider failed to deliver timely and accurate financial reporting services. Specifically, they were receiving haphazard reports up to 60 days after month end. A delay in critical data was not valuable for financial performance tracking from both a timing and organizational standpoint. In addition, dental practice staff spent a significant amount of time on manual record keeping instead of patient-focused outcomes. Baker Tilly solution Baker Tilly Advantage outsourcing specialists met with doctor owners to learn more about their frustrations with monthly close and year-end financial reporting processes. To mitigate the inefficiencies associated with manual data entry, we recommended and implemented a cloud-based accounting software that automates payment, bill and payroll processes for businesses with limited accounting resources. The solution is designed to import client transaction data from financial accounts on a real-time basis to eliminate the need for manual entries. Our team also leveraged their dental industry specialization to integrate a personalized dental dashboard with the client’s practice management software. The dashboard tracks employee productivity and benchmarks the practice against valuable dental industry data. For example, we helped our client set daily productivity goals for staff to measure key performance indicators (KPIs) around new patient onboarding and per hour productivity. Results The dental practice has grown by more than 25 percent since Baker Tilly Advantage successfully implemented an outsourcing solution in 2016. Cloud software generates real-time reporting, eliminates the need for manual entries, reduces staffing needs and results in a timely, accurate and trusted monthly close process that supports data-driven management decisions. Baker Tilly Advantage ultimately empowered staff to focus less on administrative tasks and more on value-added management responsibilities to achieve patient outcomes that drive practice growth. Our client’s dental dashboard continues to measure the practice against key industry benchmarks for increased clarity around financial performance. Managing the business is easier with a strong system in place to monitor KPIs such as the number of new patients seen, ratio of treatment presented versus treatment accepted and staff production on an hourly, daily and monthly basis. The dashboard also supports critical data underlying month and year-end financial reporting. For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.

Dental Practices

Outsourced Accounting

Practice Optimization Analysis

Wisconsin dental practice grows by 25 percent after implementing real-time cloud solution with support from Baker Tilly Advantage dental and outsourcing specialists

Baker Tilly and Dynamic Dental Advisors (DDA) , a comprehensive business solutions organization specializing in dental practices, are collaborating to help dental practices better understand revenue enhancement and cost containment opportunities.

Increasing workforce and supply cost, fueled by rising inflation and continued staff shortages, along with thinning margins in insurance reimbursement are affecting dental practices across the country.

Our collaboration with Dynamic Dental Advisors gives independent dental service providers greater transparency and actionable insights into direct, controllable costs and revenue.

Contact us about optimizing your practice

Practice Optimization Analysis for independent and group dental practices

The Practice Optimization Analysis is a comprehensive evaluation of the current state of your practice that identifies opportunities to increase profitability and lower expenses through benchmarking and implementing industry best practices. The analysis includes:

The Practice Optimization Analysis is designed to help dental practices make informed, fact-based decisions. 

Gain an understanding of your practice’s:

Current financial performance compared to future potential financial performance

Strategies to address rising costs with team salaries and benefits

Baker Tilly’s dental specialists are well-informed on the technical and operational issues affecting our clients.

Let’s explore your practice’s unique situation and go beyond. From solutions tailored specifically to your needs and objectives to well-informed technical and operational guidance, Baker Tilly’s dental specialists are focused on your practice’s success. Gain valuable insights by working with our dedicated team of dental management professionals.

Baker Tilly and Dynamic Dental Advisors help independent dental practices drive growth and achieve financial sustainability

Baker Tilly and Dynamic Dental Advisors are offering independent and group dental practices a Practice Optimization Analysis.

Baker Tilly and Dynamic Dental Advisors help dental practices drive growth and achieve financial sustainability

Position your dental practice for success by working with advisors who understand your industry and share insights and advice that will help you get back to what you do best, providing outstanding patient care.

A better approach to accounting, tax and human resources solutions.

Free yourself up from the operational complexities of running a business with accounting and tax services from Baker Tilly Advantage.

Baker Tilly provides numerous outsourcing and managed services in order to help our clients focus on what they do best so they can win now and be prepared for tomorrow.

Baker Tilly provides short- and long-term outsourcing and managed services to help our clients focus on what they do best and succeed.

One of the most significant changes to a business and its stakeholders can be the transfer of ownership. Baker Tilly can help you prepare for transition now, for tomorrow.

Baker Tilly helps clients plan for growth and transition based on their strategic goals. Whether you’re ready to transfer ownership or sell your business, we can help.

Practice Optimization Analysis

Wisconsin dental practice grows by 25 percent after implementing real-time cloud solution with support from Baker Tilly Advantage dental and outsourcing specialists

Dental Practices

Baker Tilly Advantage

Outsourcing & Managed Services

Ownership Transition & Exit Strategies

Baker Tilly and Dynamic Dental Advisors (DDA) , a comprehensive business solutions organization specializing in dental practices, are collaborating to help dental practices better understand revenue enhancement and cost containment opportunities.