Irvine Family Dental
Practice
Accounting
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CLIN AI Financial Advisor
I've analyzed your practice finances and identified 5 insights that could help optimize your financial performance.
Financial Highlights
Revenue & Expense Trends
Monthly Financial Analysis
| Month | Revenue | MoM Change | Expenses | MoM Change | Net Income | Margin |
|---|---|---|---|---|---|---|
| Jul | $91,775 | — | $53,681 | — | $38,094 | 41.5% |
| Aug | $79,367 | -13.5% | $60,437 | +12.6% | $18,930 | 23.9% |
| Sep | $91,346 | +15.1% | $62,492 | +3.4% | $28,853 | 31.6% |
| Oct | $77,430 | -15.2% | $50,774 | -18.8% | $26,656 | 34.4% |
| Nov | $80,600 | +4.1% | $48,280 | -4.9% | $32,320 | 40.1% |
| Dec | $84,296 | +4.6% | $49,504 | +2.5% | $34,792 | 41.3% |
Financial Trend Analysis
Revenue has decreased at an average rate of 1.0% month-over-month. Revenue declined in 2 of the past 5 months.Peak revenue of $91,775 was recorded in Jul.
Expenses have decreased with an average change of -1.0% month-over-month. Expenses decreased in 2 of the past 5 months.
Net income has shown a positive trend with an average change of +4.7% month-over-month. Profit margin has ranged from 23.9% to 41.5%, with the current margin at 41.3%.
Your practice's financial performance is trending positively compared to dental industry benchmarks:
- Revenue is 5.2% above average for practices in your area
- Your expense-to-revenue ratio is 3.1% better than industry average
- Consistent profit margin improvement suggests effective cost management