Strategic Planning

Updated: Mar 12, 2018

Responsible Growth & Sustainability

Vision: To lead through financial viability that empowers our community to engage in strategic and continuous advancement.

Goal: Identify and offer incentives to expand sources of revenue and implement operating efficiencies focused on the school’s mission resulting in sustainable growth. (Increase revenue, decrease expenses.)

Actions Success Measures
The renovation of the school is an opportunity to streamlining operations.

Centralize the clinics front desk/reception personnel to reduce 3 FTE.


On Schedule
Achieve By: 6 months after new clinics open

Decrease utility costs by more than 5% through refreshed mechanical electrical, and plumbing systems.


On Schedule
Achieve By: 6 months after renovation completed
Expand the corporate footprint in the school.

1-2 faculty attend the 2018 Network of Academic Corporate Relations Officers (NACRO) meeting.


On Schedule
Achieve By: July 2018
Offer a one week preparation course for non-US trained dentist interested in applying for US DDS/DMD degree programs.

16 students have participated in the first on-site course.


On Schedule
Achieve By: Dec 2018
Graduate clinics increase their chair utilization rate.

Two graduate clinics measure their chair utilization over a 3-6 month period and set goals to raise their utilization rates by 5-10%.


On Schedule
Achieve By: Dec 2018
Work with ICE to automate the process of posting lockbox payments.

Launch ICE with automated lockbox payments.


On Schedule
Achieve By: Dec 2019
Engage personnel for feedback to identify ideas that will achieve revenue growth and constrain expenses.

Six actionable ideas have been developed.


On Schedule
Achieve By: Feb 2019
Offer open sessions for staff to come with ideas to achieve this goal and reinforce actionable ideas with office celebrations and recognition at School events.

Plans have been put in place to implement 1 or 2 of these ideas. Recognition has been made part of the annual School celebration.


On Schedule
Achieve By: Jun 2019

Achievements

Goal: Engage Dentistry stakeholders with a comprehensive, understandable and transparent financial reporting system that educates and inspires ownership laying the foundation for sustainable growth.
ACTIONS SUCCESS MEASURES
Individual reports for FY15 used for this purpose are included in the ongoing transparency material below.
90% of the key stakeholder groups demonstrated a 17% improved understanding of the school's clinical and overall financial status as measured by pre- and post-surveys.
Completed Jul 2015
Overall financial situation:
  1. FY2017
  2. FY2016
  3. FY2015

Clinic finances:

  1. FY2017
  2. FY2016
  3. FY2015

Research activity:

  1. FY2017
  2. FY2016
  3. FY2015
Presentations about the school's clinical and overall financial status are made to and feedback received from key stakeholder groups, as well as are made available to the entire school community via the intranet.
Completed: Dec 2014
Goal: Employ performance indicators that support decision-making linked to strategic priorities.
ACTIONS SUCCESS MEASURES
Establish an overall financial plan for the School
Establish criteria to measure success in terms of positive operating results for each of the next five years as demonstrated on the 5-year projection tool that is part of the Provost budget process.
Completed Dec 2015
The overall financial plan was accepted by the School Leadership.

Create a dashboard that demonstrates the annual progress on the most salient factors in the overall financial plan. Show each item of the dashboard in terms of green - yellow - red indicators for progress toward goals so users can easily see where we stand in the action.
Completed Jan 2017
The 15-16 overall financial presentation has been placed on the web accessible to the community. It has green - yellow - red indicators to serve as indicators for progress in each major component in the plan.

Stewards: Michael Fox, Director of Budget and Financial Planning and Jacques Nör, Chair of Cariology, Restorative Sciences and Endodontics