It’s impossible to grow your dental business without tracking the right Key Performance Indicators (KPIs). By monitoring these specific metrics, the dentist is able to get a better perspective of the practice’s performance, identifying its strengths and weaknesses and measuring progress towards its goals. Other than that, KPIs provide objective data that can be used…
As a dental practice owner, you know the importance of having insurance coverage to protect your practice and your patients. Dental practice insurance can provide financial protection against a variety of risks, such as malpractice lawsuits, property damage, and even employee theft. However, filing a claim can be a confusing and overwhelming process, especially if…
Dental offices are considered a safe and sterile environment, where patients come for their oral health needs. However, dental offices, like any other medical setting, carry some potential risks. According to the Centers for Disease Control and Prevention (CDC), there are some common safety hazards in dental offices that can lead to injuries or illnesses….
Running a dental practice comes with its own set of risks and challenges. From equipment breakdowns to patient injuries, dental practices face a variety of risks that can cause financial losses and disrupt operations. That’s why choosing the right insurance policy is critical for dental practice owners. In this blog post, we’ll explore the factors…
Acquiring a dental practice can be a great way to build a successful career in the dental industry. Purchasing an existing practice offers several significant advantages, including an established patient base, experienced staff, financial predictability, instant cash flow, cost savings, and reduced marketing expenses. But we need to point out it can also be a…
Running a successful dental practice in California requires hard work, dedication, and careful planning. However, even the most well-prepared business owners can be blindsided by unexpected events that disrupt operations and cause financial losses. That’s where business interruption insurance comes in. In this blog post, we’ll explore what business interruption insurance is, why it’s important…
Divorce is a major life event that can have a significant impact on dental professionals, particularly in terms of their finances. The process can be complicated, time-consuming, and expensive, involving various financial experts, such as lawyers and valuation specialists, who play a crucial role in removing the dentist from their practice. The initial phase requires…
As a business owner or manager, you have a lot of responsibilities, including finding ways to boost productivity and morale in the workplace. One way to achieve these goals is by offering group dental insurance to your employees. Dental insurance is an essential part of employee benefits and can go a long way in promoting…
In today’s digital age, cyber attacks are a serious concern for businesses across all industries, including dental practices. Dental practices, just like any other healthcare provider, collect and store sensitive patient information, including medical histories, treatment plans, and financial data. As a result, they are a prime target for cyber criminals who seek to steal…
Creating consistency and transparency across a dental practice is essential to building a trustworthy reputation and delivering top-notch care to patients. As a dentist, it’s crucial to guarantee that all patients receive the same level of care and enough information about all aspects of the practice, including fees and treatment options. By adopting this position,…
Our Dental CPA firm provides dental professionals with a wide variety of custom services to enable dentists to excel in the dentistry business. It’s vital that dental businesses are well established, so that personal and business success may be accomplished in an effective manner and that potential risks are recognized, minimized, and promptly dealt with.
