Even if you love being a practicing dentist and serving your community, you will eventually want to retire and move onto something else (even if that means just taking a break!). There are many different reasons why practice owners choose to sell, but there are some...
In a recent vote, the Federal Trade Commission (FTC) moved to ban most noncompete clauses, regardless of industry. If implemented as it has been proposed, this could put a halt to any future associate agreements in dental practices and remove current associate...
Growing your business can mean a variety of things. While it might sometimes look like adding more services to your current practice, it could also mean deciding to expand to two dental practices. Taking on a second set of patients, hiring new staff, and investing in...
Last year, there were 725 data breaches involving 500 or more patients reported. Across those data breaches, a whopping 133 million patient records were exposed or improperly disclosed. These breaches put patient information at risk, and they can also permanently...
In a digital world, maintaining an active online presence is critical for the success of any business, and dental practices are no exception. The majority of people turn to search engines and review websites before deciding what to buy or where to go. As a result, the...
There are many things that we cannot control about our business. For example, we cannot control a similar practice opening up only a couple of miles away or changes to what an insurance provider covers for plan enrollees. However, there is one thing we can control...
Whether you’re ready to expand your business or hoping to start your practice by acquiring another, it’s an exciting and stressful time. Part of the stress comes from how complex and lengthy the process can be. After all, you don’t want to risk skipping over important...
Maintaining a healthy cash flow is crucial for the success and sustainability of any business, and dental practices are no exception. In the healthcare industry, where patient needs and trends are constantly evolving, managing your dental practice’s cash flow is even...
Dental practice acquisition can be a fantastic move, as it gives you a practice that is already in operation. This allows you to skip over some of the more tedious parts of starting your own practice and reap the benefits of someone else’s labor. However, it also...
Any time there is a mistake in a dental billing claim that you submit, you are taking time and money away from your practice. It will take you longer to receive reimbursement since you’ll have to resubmit the corrected claim. Needing to deal with the denial,...
