Wages & Commissions: Aligning Compensation with Performance

Incentivizing Provider "Wages" Automatically

Discover the power of performance-driven rewards in your dental practice with TeamCare's Wages & Commissions module. Specifically designed for owner/operators, this innovative tool revolutionizes how you align staff compensation with their contributions, ensuring that every team member's efforts are accurately recognized and rewarded. Say goodbye to generic pay structures and welcome a new era of growth and productivity fueled by a system that truly understands the value of each individual's performance.

Key Features

• Customizable commission rates for providers.
• Integrated tracking of individual performance metrics.
• Real-time updates on earnings based on set targets.
• Flexible wage structures accommodating various roles and responsibilities.

How it works... 

By directly linking payouts to individual performance metrics, TeamCare ensures remuneration truly reflects the work completed with a focus on treatment production. This balanced approach of combining base salary with commission incentivizes providers to contribute actively to practice growth, promoting cost-effectiveness and efficiency, thereby driving overall practice profitability.

Implementation Steps

1. Define commission structures based on specific roles.
   

   1. • For Hygienists, per patient hygiene compensation structures allow you align your hygiene staff to treatment more patients as the patient base grows. 
         

      • For Doctors, calculate compensation based on daily performance tied to production, collection, and labs with option to include bonus tiers maintain alignment as treatment volume grows over time. 

        
        

2. Integrate the module with daily operations. Ensure that providers know where to track performance in TeamCare and front desk staff know that hygienists and doctors and ready to see patients even if they are scheduled on short notice. 
   
   

3. Train staff on the new compensation system.
   
   

4. Monitor and adjust the system based on practice needs and performance.

Outcomes

• Accountability and Viability: The system is financially sustainable, paying rewards only after the practice experiences growth.
• Financial Sustainability: Continuous management and adjustment of the system are crucial to maintain its effectiveness and alignment with practice goals.

Ready to get started? 

New practices can start running incentives with TeamCare for only $699/mo. The 'Starter Package' includes 1 hour of implementation consulting per week. Learn more.

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Continued reading

• Office Goals: The Collective Drive for Monthly Targets
• Badges & Achievements: Recognizing Daily Excellence
• How to "Fast Track" Practice Growth with Incentives

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FAQs 

• How are commission rates determined?
  • Answer: Commission rates within TeamCare's module are strategically established based on a comprehensive analysis of your practice's specific metrics and goals. Moreover, TeamCare will work closely with you to understand your practice's unique dynamics, ensuring the rates are not only fair and motivating but also align with your overall growth objectives.
    
    
• Can the module accommodate different roles and responsibilities?
  • Answer: Absolutely. TeamCare's module is designed with versatility in mind, allowing for the accommodation of various roles and responsibilities within your dental practice. During implementation, TeamCare will help you tailor the system to fit the unique structure and needs of your team, ensuring that each role is appropriately recognized and incentivized.
    
    
• How does this affect regular payroll processing?
  • Answer: Implementing the Wages and Commissions module streamlines your payroll processing. The system seamlessly integrates with your existing payroll procedures, updating earnings in real-time based on performance metrics. Moreover, TeamCare will assist in setting up this process to ensure a smooth transition and minimal disruption to your regular payroll cycle.