Money

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
The most important questions to ask and answers to know to see if you're really prepared for a disabilityIn our years working as financial advisors for dentists, we’ve seen a lot of unfortunate things happen to great people. Fortunately, with proper preparation, illness or injury does not have to end with a financially devastated family or a broken practice. things happen to great people. Fortunately, with proper preparation, illness or injury does not have to end with a financially devastated family or a broken practice.
Goodwill hunting: Branding and tax implicationsWhen it comes to transition or retirement, dentists have several options. They can sell their practices, find associates or simply throw their hands up and reduce office hours and production until they end up closing shop.
Planning for per-patient production growthWise business leaders know that, before venturing into new territory, you first make the most of what you already have. For you as a practice leader, that means maximizing per-patient production.
How technology saves your practice time and moneyEvery practice has goals of increasing revenue and becoming more efficient. While it may seem overwhelming at first, trying to balance these items and finding the best way to increase your practice’s business while also saving time and money doesn’t have to be hard.
7 good reasons to borrow moneyWhen used correctly, debt can be a powerful tool that can grow your business and vastly improve your quality of life. When used incorrectly, it can become a weight around your shoulders, holding you back as you attempt to grow and expand.