Gaidge Executive Membership Program for Orthodontists
Announcing the Gaidge Executive Membership Program for Orthodontists
September 30, 2020
Gaidge™ LLC announces a new program built to provide Orthodontists with the most robust version of Gaidge that includes the comprehensive analytics software platform, new financial tools, quarterly business reviews and personalized coaching. The program was designed for Orthodontists who desire quick and easy access to their practice and financial performance while saving time and increasing visibility to critical business drivers.
The company recently built two new, add-on financial modules that complement the analytics platform: The Overhead Expense Tracker™ and Practice Projections™, both of which will be included for program subscribers. The Gaidge Executive membership provides an end-to-end view of practice performance and includes the full suite of Gaidge software modules plus the expert guidance from impact360 practice management consultants during ongoing quarterly business reviews.
Executive members will enjoy unprecedented visibility into all aspects of practice operations and financial performance as well as interactive planning and tracking of their spending. Available via desktop or mobile application, the easy access to critical KPIs gives doctors and management what they need to identify and focus energy on solution seeking. In today's marketplace practice owners must begin thinking more like CEOs, leading practice operations, efficiencies, financial management, profitability and strategy. Data analysis, business intelligence and performance insights are requirements for understanding business and are required tools for mapping a path to long-term success. Gaidge's enhanced service offering fortifies the company's mission of partnering with their clients to build better businesses and providing orthodontists tools to make data-driven decisions that sustain and grow their businesses.
The Gaidge Executive Program
Gaidge analytics platform - a foundation for any practice in understanding the numbers behind what is happening in their business. The powerful platform provides automation and time-savings by simplifying large volumes of operational data into actionable information that allows practice owners to make informed decisions for happier, healthier and more profitable practices. Full integrations with the leading six practice management systems means seamless access to critical business metrics, without dual entry or pulling and preparing reports. Additionally, being part of the Gaidge user community provides clients secure access to national and regional comparison data for practices of all types.
Overhead Expense Tracker™ - this new module was developed with the input of three well-known accounting firms and was built to provide easy access and views to understanding the spending pareto. Accounting data is pulled directly from Quickbooks® Online and uploaded into Gaidge leveraging the software's nightly automation, incorporating new metrics and displaying the data in easy-to-interpret data visualizations. Users will be able to view expenses broken down into standard categories such as staff expense, clinical expense, equipment, facility, marketing and compensation related expenses, making it easier than ever to review trends and control overhead. The Overhead Expense Tracker module features three tabs:
- The Summary page provides a list view of all expenses displayed by your choice of date ranges. You will see the roll up of all expenses by category that includes color-coded arrow indicators of current performance over previous periods.
- The Budgeting feature allows practices to plan spending and track progress along the way. You can enter a budget by year or month and see spending against the budget displayed in a progress bar. The easy-to-read charts provide a snapshot and trends of your spending performance to enhance decision making and determine if there are areas that need attention.
- The Reports tab display your data trends using interactive charts and comparisons for expense types as well as categorized marketing costs for new patient acquisition from new calls through starts.
Practice Projections™ - a new interactive forecasting module that allows practice owners to determine a go-forward plan for their practice at any point in the year. Choosing from a variety of levers that impact revenue, Executive members can use a pre-populated, historical baseline to plan their goals for clinical days, net production or starts increases and work backwards into how to achieve the goals by month. Alternatively, the program allows users to set percent increases by month and it automatically cascades the projections to each category based on the forecast - with the option of overriding and customizing any month. The module is user friendly with slider bars, toggle switches and interrelated calculations that give practice owners a way to weight which levers to pull in their businesses and turn their aspirations into achievable goals.
- Easily create goals based on past performance and forecasted assumptions
- Automation cascades goals across all meaningful metrics that drive revenue
- Create action plans for specific treatment types or financials based on desired KPI goals
- It's easy to adjust monthly goals as you progress through year
Quarterly Business Reviews - Executive program members will have access to quarterly business reviews that include a detailed analysis of practice performance as well as practice management coaching from the impact360 consulting team. Reviewing historical practice performance metrics as well as forecasting plans is the most proactive way to achieve practice goals. Gaidge Business Reviews will help clients get the most out of their software and expand their knowledge on how to use the data to easily and effectively improve and measure progress against the most critical metrics impacting the practice using real-time performance. The impact360 consultants will provide guidance on what is most needed for day-to-day operations and help identify opportunities to achieve efficiency or growth plans.
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Gaidge is a data solutions company committed to providing actionable business intelligence for our clients. Our software is an essential business management tool that provides business intelligence dashboards, benchmarking and performance comparisons for orthodontic practices. The cloud-based analytics platform fully integrates with practice management software and provides 80+ metrics daily on the health and progress of your practice. Gaidge was created as an efficiency tool to support the highly detailed work done by practice and financial consultants in the orthodontic industry. Decades of practice management, software and industry expertise are behind the design of our suite of data management solutions that equip practice owners with essential information required to make data-driven decisions. Gaidge users are also part of a secure community where they can review comparisons of aggregated data and leverage comprehensive performance benchmarks. Gaidge provides reliability, accuracy and time savings that maximize value for the business, allowing clinicians and staff to focus on patient care and a positive treatment experience.
Learn more at www.gaidge.com