Are you experiencing the squeeze of the great resignation? Are you looking for ways to incentivize your team and create a winning culture? Use the Dental Intelligence Team Incentive Calculator to accurately profit share with your team. With The Profitability Formula™ and hours worked by employees, this calculator is a bonus structure that helps everyone win.
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let's do this

Which month are you wanting to pay bonuses for?

Go
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step 1

First, let’s calculate your profit over the prior 3 months.

Visits
Production
Per Visit
Collections %
Overhead
Profit
In order to share profit with your staff, first you need to know how much profit there is to share. In the next steps, we’ll help you determine your average profit over the last 3 months.
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VISits

How many visits did you have over the last 3 months?

To calculate your visits over the last three months, add all the restorative, surgical, and preventative appointments you have had amongst all providers for a single month. Do this easily with our Performance Board.
December 2021
November 2021
October 2021
Next
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production

What was your average Production Per Visit for the last 3 months?

To calculate your production per visit, take the total of visits for the month and divide it by the total production. Do this easily with our Performance Board.
December 2021
November 2021
October 2021
Next
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collections

What was your Collections % for the past 3 months?

The collections percentage is found by taking the actual dollars collected in practice and dividing it by Gross Production. Find this with a click of a button by using our Collections Board.
December 2021
November 2021
October 2021
Next
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overhead

What were your total Overhead costs during the last 3 months?

Add all expenses for the month. This might include: rent, utilities, supplies, lab fees, and employee wages. The industry average is 60-75% of production for a gauge.
December 2021
November 2021
October 2021
Next
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averages

According to your answers, here are your averages over the last 3 months.

Visits
Production
Per Visit
Collections %
Overhead
2,000
$785
84%
$9,000
Now it’s time to run this equation for each month and calculate your average profit!
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average profit

Your average profit for the past 3 months is...

Average profit for the past 3 months
$12,146
Now let’s determine your profit goal to calculate the total available amount for bonuses.
Next
October Profit
$12,243
November Profit
$12,000
December Profit
$12,170
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Profit goal

What is your monthly profit goal?

The practice's profit goal will be different for each owner. A suggestion is to take the last three months' average and add 10%.
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drumroll please...

The total amount you have available for December bonuses is…

$10,000
In the next section, we’ll figure out how much goes to each team member based on the number of hours worked by each.
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Make getting these number a breeze with Dental Intelligence.
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hours worked

Now it’s time to determine how many hours each team member worked in the month of December.

We’ll go through each team member one at a time.
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your team

Now let’s gather the names of your team members.

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None of this information will be stored on our server or used in any way other than to help you calculate how much sweet moolah they’re going to get.
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Hours worked

Now let’s gather the hours worked of your team members.

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None of this information will be stored on our server or used in any way other than to help you calculate how much sweet moolah they’re going to get.
Make getting these number a breeze with Dental Intelligence.
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December 2021 Bonus Payout

Here’s your completed list of bonuses for each team member. Click the button below to get a printable version, including all the numbers that went into the calculation, in case you need to present the data to another decision maker!
Carter Childs
$950

December 2021 Bonus Payouts

Generated by Team Incentive Calculator by Dental Intelligence

December’s total available bonus = $20,147

Calculated by determining the average profit for the past three months, minus our current profit goal of $10,000.
Visits
Overhead
Profit
Collections %
Production Per Visit
1,674
$500
$11,000
$11,000
$21,147
$11,000
$15,000
$10,000
85%
85%
85%
$534
$489
2,348
1,934
$17,000
$35,000
$25,000
December 2021
October 2021
3 MO. AVERAGE
- PROFIT GOAL
AVAILABLE BONUS
November 2021

December’s bonus per hour = $10.24

Calculated by dividing the total available bonus by the total amount of hours worked by team members receiving bonuses.
Total available bonus
$21,147
Total hours worked
1,234
Bonus Per Hour
$10.24

Final Payout Amounts

Calculated by multiplying the number of hours worked by each team member by the bonus per hour.
Total available bonus
Hours worked = 234
$21,147
About Dental Intelligence
Dental Intelligence is the all-in-one toolkit to grow your practice. We analyze everything, automate your day, find hidden revenue, fill your schedule & so much more.
Dental Intelligence connects to your Practice Management Software then runs in the background, tracking everything, analyzing, automating, finding opportunities, & communicating with you.
See what it does for yourself at
get.dentalintel.com/watch

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