Insights
Whether you are just leaving dental school or have worked in an existing practice for years, you are considering starting a practice. Starting a dental practice can be extremely rewarding, but it can be costly.
Before the computer, administrative professionals did all administrative and financial tasks in dental offices. Staff filled outpatient charts by hand, managed patient schedules in appointment logs and calendars, and processed payments through cheques and money orders.
The success of every dental practice rests on its patient base. You need patients coming in the door to sell your services because, without new dental patients, you do not have any teeth to care for!
If you have been considering converting your office to paperless charts, this is a great time to take the leap. Technology has advanced rapidly in recent years with cloud-based backup systems and massive amounts of storage capabilities, alleviating the concern of what might happen if the system goes down. Trusting that the technology won’t lose any information is no longer a concern.
Keeping top-performing team members on staff is essential—especially in today’s job market
Starting a private dental practice in Canada can be extremely rewarding for dentists and dental hygienists. Not only does it provide them with the opportunity to make their own income, but also with the opportunity to be their own boss.
The field of dentistry is competitive and your dental practice needs to stand out from the competition to be a success. If you’re just starting out or looking to grow your practice, we have some simple tips you can use to attract new patients, improve your practice management, and organize your finances with a little time and effort. There are dozens of successful revenue production strategies out there. These tips are meant to get you thinking and looking at where to start. Ultimately, try the strategies that appeal most to you, track their success, and incorporate them into your dental practice if you find they work.
Make sure your dental financial plan reaches your goals with our six-step process that guides you through the financial planning process.
Get answers to your questions about capital gains exemption and how to effectively multiply its outcome when factoring family members over the age of 18.
Your practice value is worth more than just numbers, it represents your life’s work. Your practice should always be in a maximum value position so you are prepared for planned or unexpected events that may occur at any point of your practice cycle/career.
