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The 20-Minute Monthly Financial Review Every Endodontist Should Do

You do not need to become an accountant. Your practice needs four numbers, once a month, and the discipline to actually look at them.

Most endodontists either drown in financial detail or avoid it entirely. The useful middle is a short, repeatable monthly review of the few numbers that actually move the practice.

Number one is collections against production for the month and year to date. This tells you whether the work you did is turning into money, and whether the trend is holding.

Number two is overhead as a percentage of collections, ideally broken into staff, facility, and supplies. You are checking that each stays in its benchmark band and catching drift early.

Number three is cash: what is in the account, what is owed to you in receivables, and what you owe out in the next 60 days. This is the number that keeps profit and bank balance from surprising you.

Number four is owner take-home, salary plus distributions, tracked so you know what the practice is actually paying you rather than guessing at year end.

Twenty minutes a month with those four numbers replaces the annual scramble and the vague sense that something is off. Practices that do it make decisions on evidence; practices that skip it make them on feel.

Key takeaways
  • Four numbers monthly: collections vs production, overhead percentages, cash and receivables, and owner take-home.
  • Twenty minutes a month replaces the annual scramble and the vague sense that something is off.
  • Practices that review make decisions on evidence; practices that skip make them on feel.
What should I review monthly?
Collections vs production, overhead percentages, cash and receivables, and owner take-home. Four numbers, twenty minutes.
Keep reading
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How to Tell If Your Endodontic Practice Overhead Is Too High
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Bringing on an Associate: The Comp Model Decides Whether It Pays Off
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