Money

The hidden danger of the gray market
The hidden danger of the gray marketDigital Esthetics magazine explores the shadowy world of the gray market, where people can buy unverified dental products for cheap—and possibly endanger patients in the process.
4 ways you may be wasting your dental consulting dollars
4 ways you may be wasting your dental consulting dollarsHiring a consultant is not cheap, so to get your money’s worth, there are several pitfalls you should be sure to avoid.
5 ways to manage seasonality trends in the dental practice
5 ways to manage seasonality trends in the dental practiceSeasonality trends are something most dentists experience, and deciding how your practice will deal with the highs and lows is important to keeping your practice healthy. Here are five tips on how to manage seasonality in your practice.
The biggest mistakes dentists make: Lending money to family members
The biggest mistakes dentists make: Lending money to family membersPeople have been lending money to family members since money was invented. Relatives may lend funds to help start a business, pay for education or alleviate an emergency situation. Unfortunately, in my experience at Levin Group, many dentists have experienced financial setbacks and emotional stress after lending to family members who couldn’t pay them back.
Seasonality and effects on accounts receivable in the dental practice
Seasonality and effects on accounts receivable in the dental practiceAccounts receivable is often a significant part of a dental practice’s financial health. Due to common dental benefit practices and late patient payments, dentists are often owed a significant amount of money. Although carrying an accounts receivable balance is common and in many cases unavoidable, reducing the outstanding financial burden can improve cash flow and overall practice health.
5 things you need to know about divorce, goodwill and dental practice valuation
5 things you need to know about divorce, goodwill and dental practice valuationKnowing about goodwill and the necessary attributes for the dentist's practice valuation can be critical in a divorce.
How Brexit could affect your business' bottom line
How Brexit could affect your business' bottom lineBritain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event — projections of crazy market volatility, wild headlines and a fair dose of uncertainty about the long-term impact on the global economy and our individual financial lives here at home.
8 dental practice strategies to keep more money in your pocket
8 dental practice strategies to keep more money in your pocketEight strategies that have helped dentists maximize their income and reduce taxes, in addition to other expenses. This in return allows additional monies to be working for them and their families.
The biggest mistakes dentists make: Thinking embezzlement will never happen
The biggest mistakes dentists make: Thinking embezzlement will never happenEmbezzlement can happen in any practice. Even yours.
An interview with a dental practice embezzler
An interview with a dental practice embezzlerA dental practice employee embezzles greedily from her employers. Why did she do it, and how can dentists ensure it doesn't happen to them?