For most dental practices, claim payments are their largest source of revenue. Given the volume involved and the disparate ways payments arrive, this can lead to unnoticed fraud and lost income. Here are a few common ways this plays out.
Did you know that you can actually save on taxes by hiring your kids in your Dental practice?
Last week I phoned a dental office to speak to the lady owner, and a male voice answered the phone. The male did not identify himself clearly, so I began by introducing myself by name, and asking if the lady owner [let’s call her Dr. Jones] was in the practice on this day [that I…
BUSINESS STRUCTURE As a Dentist, choosing the right business structure and leveraging the Qualified Business Income (QBI) deduction can be powerful tools for reducing your tax liabilities. In this article, we will explore a strategic business structure optimization strategy paired with the QBI deduction specifically tailored for Dentists. By implementing these approaches, you can unlock…
Phone calls with insurers are more than an annoyance. It’s not uncommon for dental staff to wait up to an hour on hold with insurers. Enter artificial intelligence.
Here are some embezzlement blog posts from our friends at Open Dental. Shared with permission. Thanks to Debra Horn, Marketing Communications Supervisor at Open Dental Software
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I talk to a lot of business owners and ask them how their business is going, and whether they’d like any help with their business. And a lot of the time they answer my question with this statement: “We’re going OK.” What the heck does that mean? If you were selling a car that you’ve…
Many dentists assume that keeping a dental insurance coordinator on staff is the way to go.
A friend of mine who helps dental practices with their finance for purchasing new equipment once told me a story where on this particular day, a dental receptionist that answered his call had literally slammed the phone down in his ear with such force, and with such hostility, that my friend was truly shaken. What…