Match your costs with your providers, procedures and 3rd party payors.
ProfitSocket uses a proprietary AI cost allocation model that pulls data from your PMS, accounting software, and clearinghouse to uncover and push the key drivers of your practice’s profitability—delivering unique, actionable insights for real practice decisions that have financial implications.
3rd Party Payor Mix
Understand the working impact of insurance reimbursement on your bottom line.
Profit Waterfalls
Allocate costs according to treatment types to know where proift is being made.
Payor Contributing Profit Margins
Know contributing profit based on volume of patient visits per insurance type.
Practice Valuation
Track the value of your dental practice as you operate month after month.
Strategic decisions have major financial implications. ProfitSocket makes sure you get them right.
-15K
Capital equipment purchases and facillity upgrades
-210K
Adding a new associate to the practice
-32K
Contracted insurance participation adjustments
-4K
Employee bonus programs and wage requests
-6K
Opening days and increasing operating hours
ProfitSocket pushes the four core financial drivers that truly impact profitability:
Practice Overhead
Free Cashflow
Procedure Profit Margins
Provider Performance
