When your dental practice hires an additional dentist, you must be aware of several critical actions that must occur to receive proper reimbursement for the newly hired dentist’s services. Newly hired dentists must still be properly credentialed and enrolled in your practice’s insurance plans. Learn the consequences of not credentialing, the steps in the process […]
The new tax code contains a 20 percent tax deduction for small businesses, but dentists who earn too much are excluded from taking it. Here’s what you need to do to take advantage of the deduction. How Does the Pass-Through Tax Break Work? For dentists, the calculation is simple. If your taxable income […]
According to Dental Startup Academy, choosing a location for your practice is one of the most important decisions you’ll make. This involves selecting a general location for your practice and then finding out what’s available. There are several pros and cons you should consider regarding renting or owning a dental office. Renting If […]
Sales teams do it, developers do it, and quarterbacks use it with great success before every game — and it can boost the efficiency of your dental practice, too. What are we talking about? A daily huddle. A short, early morning meeting in which all employees gather to talk about the day’s work […]
The most successful way to position yourself in front of prospective patients and grow your dental practice is through digital marketing. Because each practice is unique in its own way, it’s important to solidify your online presence and increase your visibility to patients in your area. Your practice’s website should be 100% mobile-ready […]
Do you protect your practice from the threat of cybercrime, or do you operate in blissful ignorance that it could never happen to a small dental office like you? According to the U.S. Securities and Exchange Commission, small and medium-sized businesses are not merely targets of cybercrime; they are its favorite target. Three out […]
Where doctors once made house calls, they now focus on having patients come to them. Even though this is the most common way to see patients, some doctors are using new mobile clinics to reach people who aren’t able to visit them at their main facility. Dentists can follow this example, which might help them […]
In dentistry, reputation means everything and, today, that includes online reviews and social media chatter. Running a dental practice is a business, one that requires marketing and a reputation management strategy. There are review sites like Yelp and even platforms dedicated to medical professionals like HealthGrades that consumers turn to find a new dentist or […]
Whether you run a cash practice or only receive copays from your patients, you probably lose too much time and money chasing down patients who owe money. Making a few simple adjustments can help you save time while increasing your collection rates. Flip Your Billing Process Most dentists have patients stop by […]
One of the most important decisions you will make on the business side of your practice is how to structure it. Each type of business entity provides slightly different liability protections as well as tax treatment, which you should take into consideration when making your choice. Protection Against General Liability Dental practices […]