Dental Practice Excel Financial Model
This versatile Dental Practice Excel Financial Model, designed and developed by the professionals, will provide the assistance to compute the startup summary, detailed monthly and yearly profit and loss statement, major expenses, and KPI to measure business performance in detail. A dental practice financial model will also allow you to estimate the cost of the procedure, employee’s salaries, needs for certain services, and so on. The non-complex design and structure of this model will help the dentist and manager to determine ROI and practice inefficiencies.
Oak Business Consultant Dental Practice financial model excel template, which is designed by an expert Financial Analyst, has unique and dynamic features that will assist you in calculating your business financial flows such as, the startup summary, detailed monthly and yearly profit and loss statement, NPV, Cash inflow, and Outflow, and ratios to measure business performance in detail.
The input sheet will be based on the assumptions which are as follow
- Cost of Services
- Tax rate
- Employees monthly Payroll
- Capital Expenditure
- Operating Expenses
The revenue Sheet will include:
- New Patients from paid ads
- No. of an organic patient comes from word of mouth.
- Total new Patient
- No. of Active Patient
- Average Annual Spend per Patient
- Detail Revenue Analysis sheet
The Contents of the Dental Practice Excel Financial Model
This model excel template contains inputs that, when changed, impact the calculations and, therefore, the changes are applied to all relevant sheets. Since our financial model always has built-in flexibility, it displays different outcomes or final calculations based on changing a few key inputs.
Startup Summary with Cost segmentation and Utilization Funds Chart
Since the table allows the user to calculate startup business costs for the first year, the initial investment amount required from the investors or a bank loan is easily understandable.
5-Years Detailed Monthly and Yearly Profit and Loss Statement
The Monthly Income Statement sheet for the Dental Practise Financial Model is perfect for those who require regular reporting and details. Additionally, Income Statement contains all revenue streamlines with gross earnings, net earnings linked with revenue analysis to ensure accurate reporting. Since the Yearly Income Statement gives you complete insights into revenue and general & administrative expenses. So, the Yearly Income Statement also contains several graphs, assumptions, ratios, margins, net profit, earning, cost of services, and profit after tax
Balance Sheet Statement
Since the statement provides the user with a complete overview, it also includes the current 5- year’s projection of your Assets and Liabilities and Equity Accounts.
5-years Project Evaluation
Since the table calculates Return on Investment, Investor’s Future Equity Share and Cash Burn Rate Analysis. Therefore, analyzing the performance of the company becomes easy.
Since we added a unique table that automatically calculates the data, it provides financial commentary about the financials of the company.
Benefits of Using This Dental Practice Financial Model Excel Template
Confidence in the future
By using our Dental Practice Financial model template, you can easily make effective plans, manage risk and cash flows, and project your prospects for the next five years.
In our Dental Practice Excel Financial model, all necessary Calculations and estimation are visually represented on a dashboard. You don’t need to move sheets to compare data.
New Patients Acquisition
Clinics also invest money in advertising to acquire new patients. So, you will have an advertising budget and a new patient cost of acquisition calculation fields in the template. This way, you will estimate newly acquired patients.
In the dental and medical industry, a customer only remained for a limited time only. That is why our template has a simulation of new and active patients retained and churn rate of the patient base assumptions.
So, you can easily update your excel template and forecast by simply input the data in a respected sheet anytime easily.