You may need to determine the value of a specialty dental practice for various purposes, such as obtaining financing, buying out a partner, or purchasing the practice. However, specialty practices, such as orthodontics, oral surgery, periodontics, or cosmetic dentistry, may have unique factors that can make valuing the business more challenging compared...
Risk Management Strategies for New Dental Practices
Starting a new dental practice can offer practitioners an exciting professional and financial opportunity. However, opening a new practice comes with risks that owners should recognize and understand how to manage. Risk management for new dental practices should involve more than reacting when issues arise. Instead, risk management should also include proactively...
Wage and Hour Laws for Dental Startups: Avoiding Common Mistakes
One of the early mistakes practice owners and managers may make when starting a new dental practice is violating state and federal wage and hour laws. Practices should familiarize themselves with the applicable laws and the common mistakes dental startups make when paying workers.
Understanding Wage and Hour...How AI and Technology Are Changing Dental Insurance Agreements
Are you noticing more AI-driven changes in your insurance agreements and wondering what they could mean for your dental practice? Here’s what you need to know about these developments and how a lawyer can help you protect your business.
Automation and AI in Claims Processing
Mitigating Risks in Your Dental Practice Through Tailored Insurance Agreements
Responsibly owning and operating a dental practice requires paying close attention to potential risks and finding ways to mitigate them. One way to do so is to acquire insurance policies that are tailored to the specific needs of a dental practice. These tailored insurance agreements can provide the general coverage that all...
Drafting Contracts for PPO, HMO, and Indemnity Dental Insurance Plans
Among the various dental insurance options, three of the most popular ones are the PPO (Preferred Provider Organization), HMO (Health Maintenance Organization), and indemnity plans. As your practice considers whether to accept these types of insurance, you should speak with knowledgeable legal counsel about negotiating the most favorable terms.
How to Defend Your Dental Practice in a Slip-and-Fall Lawsuit
There are two main types of potential lawsuits which threaten dental practices. One concerns professional malpractice, while the other involves what is known as premises liability. The latter includes incidents that occur on the physical property or premises of the dental practice itself, such as the office and parking lot.
Steps to Take If Your Dental Practice Is Sued for Malpractice
A dental malpractice lawsuit can result in substantial monetary damages, a severely jeopardized reputation, and ultimately financial problems for your practice. No matter how careful you and your dental professionals are with a patient, there is always the looming threat of litigation. Many dentists and dental practices find themselves bewildered upon receiving...
Best Practices for Ensuring Compliance in Dental Record-Keeping
Data protection and record-keeping are essential aspects of patient care in dentistry. In addition to providing excellent patient care, your practice must also ensure it complies with regulations for dental record keeping. Federal regulations, including the ADA, OSHA, HIPAA, and...
The Essential Regulatory Agencies Every Dental Practice Should Know
Multiple local and federal agencies regulate dental clinics, and it can be challenging for dental practice owners to comply with their ever-changing regulations. State dental boards, federal agencies, and professional organizations like the ADA establish guidelines for dental practices to protect staff and patients. Understanding these essential regulatory agencies and their...
