So, how do you get the real number of active patients?
There are a couple of ways to get close to the number of active patients.
1. You can take a day and go through each chart, or the patients file on the computer, to see when they were in last. If they have been in the last 18 months, that counts as an active patient. This would take you a long time.
2. You can also do an estimation. For a medium size practice ($400,000 to $500,000 in annual production), you can pull a hundred charts. You can go through the charts to see which have been in the past 18 months. You can then divide that number by the percentage of charts you pulled. If you pulled 10% of the charts, divide by 10%.
3. A third method and much quicker is to look at the number of recall appointments for the year. Divide that number by two and that will give you the number of active patients.
4. The fourth method is to take take the average number of hygiene patients seen per day. Multiply that by the number of hygiene days per month and then multiply that by six months.
The number of active patients make or break your practice. Be sure and have confidence in that number. If you think you are buying a practice with 2,000 active charts when there are only 500, you will have over paid for your practice. Spend the time to figure out the active patient number in your due diligence.