Recently a dentist asked me a question about practice acquisitions, as he thought there may be an opportunity to expand. His question, What is important to ask when deciding between a partnership or a buyout, is one that many dentists may find themselves asking as more seasoned dentists look to retire. Here’s the scenario. The…Read More→
Tag: md dental cpa
Buying the Perfect Practice Is Impossible
Do you know a new dental school graduate – or are you one yourself? There are a lot of mixed emotions: relief, pride, excitement, and nervousness just to name a few. Dental CPAs has been down this road with many young dentists and while we don’t profess to know exactly what you’re going through ……Read More→
Subscription-Based Dental Care On the Rise
Concierge health care is becoming more popular among doctors who want an easier way to serve patients without the hassle of insurance companies. In this newer model of healthcare, patients can select a membership plan with their general practitioner, pay out of pocket every month, and enjoy a range of health services at that office…Read More→
How The Floss Bar Is Innovating Dentistry
Continuing our series on innovative disruptions in the dental industry, we’re looking at what could be the future of dental hygiene: floss bars. Love them, hate them, or never heard of them, this trend could transform the way people receive basic preventative dental care. The Floss Bar offers an on-demand, potentially lower-cost alternative to traditional…Read More→
Buying A Dental Practice: Buyins/Buyouts & Mergers
Next up I’ll talk about the “non-traditional” general dentistry practice and how you need to approach those situations. What do I mean by “a non-traditional general dentistry practice”? I’m referring to general dentistry practices that have developed somewhat of a specialty niche that they focus on within their general dentistry practice. This could be services…Read More→
It’s Official: Dentists Have The Best Job Ever
As dentists, you already know how much you enjoy your job. You take pride in your work, knowing that you help your patients achieve better overall wellness through a healthy smile. Now, the rest of the U.S. knows it, too. In January, U.S. News and World Report released their annual ranking of the 2017 Best…Read More→
How To Reduce Your Accounts Receivable
Studies have shown that accounts receivable (AR) in dental practices is highest between January and April. If your practice sees higher than usual AR early in the year, make it your priority to reduce this number later throughout the year. Carrying a balance on your accounts receivable is a common practice with any business, and especially…Read More→