Money

6 consultants you need to engage to plan your retirement
6 consultants you need to engage to plan your retirementSome of us plan better than others. Some of us save better than others. In my years in dental practice, I knew three types of dentists.
The importance of dental compensation studies
The importance of dental compensation studiesThere is a list of examples that will be addressed to explain the importance of compensation studies for the dental practice. Just like the importance of a written agreement when two or more partners exist in a dental practice to detail the role of each partner, among other things, compensation can become a disagreeable topic when the focus is after a dental practice is in full operating mode.
The 5 biggest misconceptions about imaging coding and reimbursement
The 5 biggest misconceptions about imaging coding and reimbursementDental technology and the material sciences are advancing at a rate never before experienced by the dental industry. It is difficult, if not impossible, for the average practitioner to understand and appreciate all the new “stuff” that has been developed and introduced to dentistry over the past 10 years. Things that not too long ago seemed like science fiction have now become reality.
Exploring average patient cost per practice
Exploring average patient cost per practiceSikka Software is a twelve-year-old company in the dental industry that provides apps to optimize the dental businesses. In this article, Sikka Software President and CEO Vijay Sikka outlines a recent study examining the average patient cost per practice.
The dreaded “Why do I have to pay?”
The dreaded “Why do I have to pay?”Regardless of your practice philosophy regarding insurance management, you are bound to have heard this kind of statement from patients many times in the past.
Dental benefits: Use them or lose them
Dental benefits: Use them or lose themAs we enter the fall season, chances are that you have patients with remaining dental benefits who also require dental care. According to Forbes, only three percent of patients use all of their benefits in a given year.
ADA announces student loan refinance option
ADA announces student loan refinance optionAs of September 10th, 2015 the American Dental Association (ADA) and Darien Rowayton Bank (DRB) agreed to an exclusive arrangement to allow ADA members an opportunity to refinance existing federal and private student loans at a potentially lower interest rate.
Does your accounts receivable need CPR?
Does your accounts receivable need CPR?You have been looking at your production numbers and your collections numbers and they seem okay with a “little shortfall” each month in collections, so why are you stressed when you sit down to sign the payroll checks and pay the bills?
The biggest mistakes dentists make: Going over budgetThe biggest mistake regarding the practice budget is not having one at all. If you make spending decisions based on what you think will improve patient care, and what’s in the practice checkbook, rather than on what you’ve budgeted, stop.
A dentist reflects on the best piece of advice he ever receivedThe year was 1991, and I had been out of school for 20 years. I was feeling comfortable with my practice growth, and felt I should start looking for some non-dental investments to grow my net worth and cash flow outside the practice. with my practice growth, and felt I should start looking for some non-dental investments to grow my net worth and cash flow outside the practice