Tips To Control Your Team Member Wages Within Budget

In this episode of the Thriving Dentist Show, Gary Takacs and Naren Arulrajah address a critical financial challenge in dental practices; how to keep team member wages within a sustainable budget. With inflation and wage expectations on the rise, this episode outlines actionable strategies to maintain financial health without compromising team satisfaction. Gary shares a proven wage budget formula (28% or less of collections) and explores the power of increasing production versus cutting costs. Naren provides marketing tips on accurately tracking new patient sources to maximize ROI. Together, they offer expert insights on the importance of reducing PPO dependence, using AI to boost productivity, and implementing performance-based compensation.