As more aspects of life become digital, it shouldn’t be surprising that medical services have entered the digital sphere. Telehealth — including teledentistry — is now practiced to some extent in every state. If you are considering adding teledentistry to your existing practice, you should understand how state and federal regulations affect...
Financial Compliance Audits for Dental Clinics
When you’re busy running a dental office, conducting in-house financial compliance audits might not be at the top of your to-do list. However, auditing your financial practices can be a major step toward avoiding an IRS audit or ending up in trouble with a governmental agency.
The good news...
HIPAA Compliance for Dental Offices
HIPAA is a federal law designed to protect private patient information. As healthcare providers, dental offices are legally required to fully comply with the requirements outlined in HIPAA. Unfortunately, HIPAA is complex. It can be easy to engage in practices that inadvertently leave you in violation.
HIPAA violations can...
Insurance Coverage for Dental Practices: Legal Insights
Owning a dental practice comes only after many years of hard work. You know that the dental industry naturally leaves you vulnerable to a variety of liabilities, and you also know that having the right insurance coverage is non-negotiable. However, figuring out exactly what insurance your practice needs is rarely easy.
What to Consider in Reviewing Your Dental Practice Lease
In establishing your dental practice, there are several legal documents that will cross your desk. One of the most significant ones will be your dental practice lease agreement. Resist the urge to sign off on this without a second glance as it can have profound impacts on your business, not to...
Developing Your Dental Practice Brand
Branding in its broadest sense is what you want your business, your team, and yourself to represent to the world. When done so intentionally and mindfully, branding can allow you to set your business above the rest and define its goals. Properly executed branding can make your clients and the public develop...
Why You Need a Business Plan for Your Dental Practice
A business plan can act as the foundation for building a strong business, setting it up for long-term growth that is sustainable into the foreseeable and unforeseeable future. A dental practice is no different. As a budding business, a dental practice should have a strong business plan in place for a number...
Negotiating the Terms of Sale for Your Dental Practice
The sale of your dental practice may be one of the most significant transactions of your life. You have invested your time, money, and energy into building this business. When it comes time to sell, you want to ensure that you are doing right by yourself and everything that you have...
What Does a Dental Practice HR Department Do?
Human resource departments provide essential services to businesses of all sizes. Smaller dentist practices may see an HR department as a luxury they can’t afford, but not having dedicated HR services may prove even more expensive to the practice. You see, the value of people should not be underestimated. Dedicated staff...
What are the Overhead Costs of a Dental Practice?
Whether you are looking to buy a dental practice or do a check in to your existing practice’s strength, overhead costs can be an instructive factor to review. In fact, reviewing a practice’s overhead can give you an insightful look into a practice’s overall health and wellbeing. While it will not tell...
