FINANCIAL
How to plan for success when opening a new practice
By: Lisa Philp— Success doesn’t happen by accident. Building a new dental practice, which is really starting a new business, is one of the biggest professional steps a dentist will ever take in his or her career. Unfortunately, many dentists open a new practice without clearly understanding the multiple roles they must fill for that…
Read More
Spring cleaning isn’t limited to the office: Update patient records to mitigate risks
By: California Dental Association — Spring is a prime time to deep clean your practice and tie up any loose ends from the previous year. It’s also a great opportunity to review your patient records and ensure all files are accurate and current. Below are some things to consider when revisiting patient charts. If you…
Read More
How to Start a Dental Practice Right After Graduation
By: Lee from SDN — Buying or building a practice right out of dental school can be overwhelming and risky. Deciding to take out a loan is a big deal. You could spend your whole career invested in this decision, so you should be as informed as possible before taking that daring leap. What should…
Read More
5 Cost-saving tips when starting a medical practice
By: MedicalDirector.com — Starting your own medical practice can be exciting, but for a practice to have healthy cash flow, and to scale and grow, you need to identify and plan for all your start-up costs – so you can avoid as many surprises as possible. In MedicalDirector’s latest ebook, ‘The Smart Guide to Starting a Medical…
Read More
Starting a Medical Practice? Get These 4 Insurance Policies
Article written by: IVAN WIDJAYA — After years of medical school and practicums spent under the tutelage of mentor physicians, young but certified medical professionals are ready to open their own practices. It’s the opportunity to spread your wings, be your own boss, and earn a substantial living. You shouldn’t launch a medical practice without certain protections,…
Read More
Five Ways to Revamp Your Waiting Room This Year
Article written by: SMITHA GOPAL — You may not give your waiting room much thought, but your patients certainly do. Not only that, but they’re sharing their opinions with the world on social media. Really! A quick Twitter search for “doctors waiting room” reveals people complaining about long wait times, uncomfortable surroundings, and a lack of privacy,…
Read More
Top five dental benefit concerns of new dentists
Article by: American Dental Association (ADA) — New dentists may have many concerns when it comes to their patients’ dental plans, benefits and thirdparty payers, often because little of their dental school education relates to learning how to navigate these issues. Among the concerns are preauthorization requirements, delays in processing claims, claim denials, refund requests and…
Read More
Let’s Talk: Daydreaming about private practice ownership?
By: Treloar & Heisel — In this edition of Let’s Talk, Christian Pearson, national director of dental partnerships at Treloar & Heisel, Inc., continues the conversation with Stephen Trutter, director of consulting and partner at Ideal Practices, a national consulting firm focused on the needs of private practice dentistry. Christian: Students worry about practice ownership, even when…
Read More
How to Start Your Own Medical Practice: Part Two
By: SMITHA GOPAL— In our last post, we took a look at some of what’s involved in starting your own medical practice from a business perspective. In this post, we’ll discuss other important elements to consider once you become your own boss, from staffing to marketing to patient care. Once you’ve secured funding, found a good location,…
Read More
How to Start Your Own Medical Practice: Part One
By: SMITHA GOPAL— Decades ago, most doctors graduated medical school and opened their own practices. These days, however, it’s more common for young physicians to take jobs working for large health systems or hospitals. The number of physicians in solo practice was just over 17 percent in 2014, down from more than 40 percent in 1983,…
Read More