Transitioning from dental associate to practice owner often feels like a natural progression, but whether you’re planning to build your own from scratch or purchase an existing practice, there are many questions you’ll need to find answers for. From how much money you should borrow and what kind of entity structure to choose, to knowing […]
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Build A Solid Financial Foundation As A Dental Clinic Owner With Proper Bookkeeping Practices
You’ve spent many years training as a dentist, honing your skills, and building relationships with patients, and now you’re finally ready to start your own dental practice. While this can be an exciting time, it’s imperative that if your business is to be a success in the long-term, that you build some solid financial habits […]
Are Overheads Eating Into Your Dental Practice Profits?
If you find that as a dental practice owner, what you’re taking home at the end of each month is less than you had hoped or expected, it could be worth taking a closer look at your overheads. Expenses could be eating into your profits, and with help from specialist dental accountants, you could get […]
A Dentists Guide To Streamlined Bookkeeping
Bookkeeping is a crucial element of any successful dental practice, but for busy dentists who prefer focusing on patient welfare and quality of care, it can feel like tracking payments, taking care of insurance claims and balancing the books, are more than they can, or want, to handle. Fortunately, there are ways to streamline bookkeeping […]
The Importance Of Making The Right Financial Decisions At The Right Time For Dentists
While seeing a high volume of patients and working longer hours may contribute to the success of a dental practice, a lot also rests on the timeliness of certain financial decisions. Patient care is of course the cornerstone of dentistry, but profitability is only achievable when the right financial decisions are made at the right […]
Should Your Dental Practice Accept Credit Card Payments From Insurers?
Insurance reimbursements have always been a contentious issue for dental practices; they are notoriously complex and tricky to navigate. Recently, instead of electronic fund transfers or traditional checks, insurers have started to offer credit card payments. Sound convenient? Actually, this can prove a costly trap for dental practices and should really be avoided. Here are […]