It’s impossible not to look at the numbers if you own a dental practice; it’s a business like any other, after all. But would you be surprised to learn that profit may not be the most significant financial metric for your business? While being profitable is of course advantageous and an important goal for business […]

Achieving profitability as a dental practice owner requires a combination of strategic planning, operational efficiency and financial awareness. Working closely with a service providing accounting for dentists is the most effective way to achieve sustainable profitability; their powerful strategies can boost your bottom line and drive your practice towards lasting success. But how exactly? Here […]

Although you’re a dentist, as the owner of a dental practice, you’re also the owner of a small business, who must juggle the responsibilities of patient care, along with running a busy practice. Having expert guidance from a specialist dental accountant can help you avoid making the kind of financial mistakes that could cripple you, […]

If you’re contemplating selling your dental practice, you may be struggling to understand its true value, especially if you’ve worked hard for years to establish and maintain it. But understanding the value of your dental practice isn’t just useful for those wanting to sell up and move on; it’s a sensible move for any dental […]

With insurance reimbursement rates in a state of stagnancy, and rising inflation related to the cost of supplies, dental practices throughout the country are struggling to make ends meet. Lab and supplies fees have risen steadily, while reimbursements from major insurers simply haven’t been able to keep up. The result? A persistent reduction in profit […]

Financial reporting and analysis can help dental practices of all sizes make well-informed decisions based upon their future goals. But what exactly is financial reporting and analysis? Let’s look at both terms in a little more detail: Financial reporting is when statements are produced for management and investors (among others), that effectively communicate the financial […]