Facts About Team Bonuses
First, why have a bonus? Generally, a bonus is a reward for achieving a specific desired result. Money is the ‘bonus of choice’. Team Members appreciate the extra income and Practice 0wners can offset the cost with added revenue (the ROI).
The BAM (Bare-Ass-Minimum) method the most well-known bonus program. Essentially, the practice owner establishes a ‘collections minimum’ above the current monthly collections average. Any amount of collections above the ’collections minimum’ earns a 20% total bonus, split equally among all team members.
A few BAM key points:
The KAM (Kick-Ass-Maximum) method
is a powerful alternative to BAM. Why?
KAM has served 700+ Dental Practices
For more information about KAM, contact us.