Flossing Isn’t Enough: Why Every
As a dentist, you know the drill—pun intended. You educate patients on the importance of brushing, flossing, and regular checkups
Blogs
Cash Flow vs. Profit: What
As a dental practice owner, you're constantly looking at numbers—revenue, expenses, and, of course, your profit. But what if I
Profitability Strategies for Dentists
Running a successful dental practice takes more than clinical expertise. Achieving profitability requires strategic planning, financial awareness, and operational efficiency.
Why Cash Flow Matters More
When running a successful dental practice, many dentists naturally focus on profit as a key measure of success. While profit
The Dentist’s Roadmap to Effective
Owning a dental practice is a rewarding venture, blending healthcare with entrepreneurship. Yet, with these opportunities come financial complexities that
The IRS recently announced an immediate stop to processing new claims for the Employee Retention Credit. The ERTC is a refundable tax credit designed for businesses that continued to pay their employees despite Covid-19 closures or that had a significant decline in gross receipts during eligible periods, primarily 2020 and 2021. Many of us have...Read More→
Well, not really ALL about EBITDA; that said, it’s essential to know what it is, what it means, how it’s used, how it’s calculated, and most importantly, does it apply to you and your practice. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. Some see it as a form of net cash flow...Read More→
A topic that gets beat to death is what I figured I’d hit it again for the heck of it. Seriously though, I’m seeing this topic more frequently lately. So instead of re-publishing one of our older employees vs. independent (EE vs. IC) blogs, I’d write another more current one. As new doctors enter the...Read More→
Due to Covid-19, several federal and state relief programs were designed to help dentists and other small businesses survive the pandemic. Three of the most popular programs were: The Paycheck Protection Program (PPP) administered by the SBA The Provider Relief Fund administered by HHS The Employee Retention Tax Credit (ERTC) All these programs provided financial...Read More→
This is another public service announcement for all the buyers out there looking at practices to purchase. This post will be short & sweet. When a buyer is searching for practices to buy, they contact brokers to check out their listings. There’s nothing wrong with that; it’s a great way to find a practice. When...Read More→
In many practice purchase transactions, the sellers will keep their patient accounts receivables (A/R) and the buyer will accept the responsibility to collect them for a period of time at a nominal fee (to help cover their costs) and remit those collections to the seller. While this sounds simple enough, if the asset purchase agreement...Read More→
I understand the dental practice broker’s job is to get the highest price they can for their client. As dental-specific CPAs that provide seller representation services, that is our goal as well. Apparently, the main difference is the willingness of some brokers to turn a blind eye to certain aspects of developing the asking price...Read More→
On June 11, 2021, HHS updated the reporting requirements for recipients of Provider Relief Fund payments. The new notice supersedes the Post Payment Reporting Requirements Notice released on January 15, 2021. The changes per the June 11, 2021 notice include: The period for using the funds on (1) qualified expenses related to preventing, preparing for,...Read More→
Most dental practice buyers have the notion that the A/R (patient accounts receivables) aspect of buying a dental practice is fairly straightforward. You either buy the A/R or you don’t. However, I will cover three nuances concerning the A/R if you choose NOT to buy them. First, let’s briefly summarize the main two points of...Read More→