A Dental Group Increased Profits by 300%
The Client
Madison Family Dental Associates
Measurable Result
The accounting team at SVA introduced Madison Family Dental to a series of ratios to use indicators in helping measure success and giving a snapshot of the business. Proven effective time and again, Madison Family Dental now pays close attention to those indicators leading to an over 300% increase in profitability in just over 6 years.
The Story
Focusing on patients’ health is the top priority for the entire team at Madison Family Dental Associates, just as focusing on their business’s “financial health” is the top priority for the team at SVA.
For over two decades, Madison Family Dental Associates has worked side-by-side with the professionals at SVA utilizing a wide range of services. With over 50 employees working in an extremely busy office, the management team at Madison Family Dental has relied on the experts at SVA to help them manage their practice. Among other things SVA has assisted them in preparing & reviewing financial statements, negotiating contracts, hiring their management team, providing assurances in areas of compliance, tax filing and by acting as an HR consultant.
According to Dr. Lori Veerman, Owner of Madison Family Dental Associates, having the ability to utilize all the services offered by SVA has been extremely beneficial, “Being able to have access to the diversified range of consulting services available through SVA has helped us tremendously. Their professionals are efficient and always willing to help when we have a question. They understand our business and the business of dentistry as a whole, providing us with better recommendations leading to greater success.”