No matter how much you trust your team as a dental practitioner, if you don’t have any formal financial oversight, your practice’s revenue could easily be diminishing without your knowledge, due to billing errors, insurance fraud, unidentified discrepancies, mismanaged expenses, or even fraud. Protecting your business against fraud and maintaining financial transparency are valid reasons […]
Uncategorized
Speed Up Insurance Claim Reimbursements With Dental Accounting Services
Dealing with patient insurance claims as a dental practitioner can be time consuming, headache-inducing, and incredibly frustrating. With reams of paperwork to trawl through, billing to make accurate, denials to address, and a cashflow to try and maintain, it can feel like a never-ending cycle of confusion and misery. Handling these claims without the help […]
Essential Tax Services For Oral Surgeons & Orthodontists
For dental professionals such as oral surgeons and orthodontists, keeping up-to-date and compliant with taxes is incredibly important, particularly as the healthcare industry as a whole has some uniquely challenging tax rules and regulations. From complicated deductions and maintaining compliance when tax season comes around, to planning taxes throughout the year, engaging with an accounting […]
Should Your Dental Office Outsource Bookkeeping, Accounting, Or Both?
Most dentists who choose to open a practice of their own, do so because they enjoy helping patients better manage their teeth and oral hygiene; they certainly don’t do it out of love for bookkeeping and accounting. That’s why many dental professionals hire specialist bookkeepers and accountants to help them maintain their financial records, and […]
Why Cashflow Matters More To Dentists Than Turning A Profit
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 […]
8 Smart Strategies To Maximize Profitability For Your Dental Practice
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 […]