PERFORMANCE MONITORING & ANALYSIS
Practice Intelligence Pro
Collate, analyse and interpret vital practice KPI data 24/7 for faster, smarter, data-driven decision-making that will accelerate growth and success.
What is Practice Intelligence Pro?
Practice Intelligence Pro™ is a SAAS tool designed and developed by Collaborate in 2022 to collate and analyse practice performance data to facilitate smarter, faster decision-making.
How does it work? At the heart of Practice Intelligence Pro is the identification, sourcing, collation and interpretation of essential Practice KPIs all within a single easy to use web-based dashboard.
Benefits
Collating, monitoring and analysing key performance data with expert, specialist help when required providing practice owners with insights needed to operate more efficiently, make better decisions essential for sustainable growth and long-term success.
Data-Driven insights for better decision-making
Access to accurate and timely performance data enables practice owners to make informed decisions rather than relying on intuition. For instance, sales data can reveal trends that help in planning inventory and marketing strategies.
Identify opportunities and threats
Monitoring performance data helps in identifying emerging opportunities in the market and potential threats from competitors or changes in patient behaviour.
Better resource allocation
Performance data highlights areas where resources are being underutilised or overextended, allowing practice to allocate resources more efficiently.
Improving process for better performance
By tracking operational metrics, practices can identify bottlenecks or inefficiencies in their processes and take steps to improve them, thus enhancing overall productivity.
Cash flow management
Regular monitoring of financial metrics such as cash flow, profit margins, and expenses ensures that practices maintain financial health and can plan for future growth.
Accurate budgeting and forecasting
Performance data aids in accurate budgeting and forecasting, helping businesses set realistic financial goals and track progress against them.
Better understanding patient needs
Patient feedback and sales data help practices understand patient preferences and behaviours, enabling us to tailor their treatment and care accordingly.
Improving treatment and care
Monitoring key treatment and care metrics such as appointment waiting times, recalls responses, fail to attends, waiting times, appointment times and satisfaction scores can lead to improved patient experiences and retention.
Benchmarking to be more competitive
By comparing performance data against industry benchmarks, practices can gauge their competitive position and identify areas for improvement.
Facilitate innovation
Continuous monitoring of market trends and performance metrics can inspire innovation in treatment, care or even business models, helping practices stay ahead of the competition and, therefore, attract more patients.
Setting goals and tracking progress
Performance data helps in setting realistic goals and tracking progress towards achieving them, including both short-term targets and long-term strategic objectives.
Risk management
Similar to regular check-ups, regular analysis of performance data can identify potential risks early, allowing practices to develop strategies to mitigate them sooner
Regulatory compliance
Monitoring key performance data can also contribute to CQC and BDA compliance, thus avoiding legal penalties and fostering a culture of transparency and accountability.
Key features
KPIs empower practices with data-driven insights, enabling informed decisions, performance measurement, and strategic alignment for sustained growth and success, including achieving targets and outperforming industry benchmarks.
Online KPI Dashboard
Secure, easy to use and interpret visualisation of your key practice performance data available to approved users only 24/7.
Expert Analysis
In-depth analysis with recommendations for faster, smarter decision-making when required.
Financial Forecasts
Predicts future financial performance including revenues, expenses, and profits.
Compliance Platform
Comprising templated policies, procedures, schedules of requirements and performance tracking tools with GAP analysis report
Treatment Profitability Tool
Visibility of financial performance and viability of specific l treatments comparing revenues and associated costs
Monthly Management Accounts
Visibility of current performance in all key operating areas
Download the factsheet
Learn more about how Practice Intelligence Pro supports your business
Three plans to suit your business
There are three PRACTICE INTELLIGENCE PRO plans to choose from engineered to suit the specific practice requirements, circumstances, and resources of a wide range of practices whether you are a small two surgery practice, a large practice with 6 + surgeries or a multi-practice business.
Lite
- PRACTICE INTELLIGENCE LITE is our entry-level service includes KPI data identification and collation, set-up of your cloud-based KPI dashboard, streamlined, intuitive on-boarding, ‘data interpretation’ training and initial implementation advice and support from one of our KPI experts.
- KPI Dashboard
- Weekly Data Updates
- Weekly Data Review (Program Pilot)
- Weekly Advice (Program Pilot)
- Quarterly Strategic Advice (Program Director)
- Monthly Management Accounts
- Annual Financial Forecast & Budget
- Treatment Profitability Tool
- Online Compliance Platform
Essential
- PRACTICE INTELLIGENCE ESSENTIAL includes everything available in PI LITE and weekly data updates, expert review, interpretation and advice from our KPI expert as well as a quarterly strategic review with a senior-exec level dental industry specialist.
- KPI Dashboard
- Weekly Data Updates
- Weekly Data Review (Program Pilot)
- Weekly Advice (Program Pilot)
- Quarterly Strategic Advice (Program Director)
- Monthly Management Accounts
- Annual Financial Forecast & Budget
- Treatment Profitability Tool
- Online Compliance Platform
Plus
- PRACTICE INTELLIGENCE PLUS includes everything in PI LITE and PI ESSENTIAL as well as monthly management accounts, annual financial forecasting and budgeting access to our online compliance platform and treatment profitability too.
- KPI Dashboard
- Weekly Data Updates
- Weekly Data Review (Program Pilot)
- Weekly Advice (Program Pilot)
- Quarterly Strategic Advice (Program Director)
- Monthly Management Accounts
- Annual Financial Forecast & Budget
- Treatment Profitability Tool
- Online Compliance Platform
All our plans are designed to give you full visbilty of practice performance with essential KPI’s facilitating faster, smarter decision main to accelerate success.
5 star rated
Member testimonials
Dr. Ellie Ledger
Principal Dentist/Practice Owner
Arnica Dental Group
Collaborate’s Practice Support Program helped us boost profitability and improve EBITDA prior to successful sale to Bupa Dental Care.
Dr. Nooshin Vasfi
Endodontist
NV Endodontics at Premier Smile
Since I joined as a member, I have progressed in all my plans in refurbishing the practice, in employing new dentists, training staff and training dentists. I improved the foundation of the practice to be able to expand and make the practice a better place.
Dr. Veronica Morris
Principal Dentist / Practice Owner
Smile NW
Collaborate are my right-hand man. I run a small single-handed practice and feel that Collaborate are like a partner – actively helping me with all aspects of running the practice from HR. to monitoring the finances, improving footfall, marketing & recruiting. They are always at the end of the phone and respond quickly.
Dr Christina Diamanti
Practice Principal and Owner
Abbey Road Dental Practice
Ross’s (Practice Pilot) dedication to finding the best solutions for our needs has been a great asset, and his fresh ideas for modernising and growing our practice have been invaluable.
