In the dental field, dental support organizations (DSOs) provide non-clinical administrative support to practices. Many dentists partner with DSOs to handle the business side of their practices so they can focus on patient care.
In recent years, there has been an increasing trend of DSOs acquiring dental practices. Dentists...
As a dental practice owner, you may have a choice between filling your staff with employees or independent contractors. However, before you make a hiring decision, you should understand the differences between employees and independent contractors and the legal and financial implications of those differences.
Understanding the DifferenceNewer dental practices may seek outside investment to finance continued growth, such as through opening new locations. However, practice owners should familiarize themselves with best practices to follow when selling equity.
Understanding the Type of Entity You’ve FormedThe first step in bringing on investors...
Non-dentists generally cannot own or control a dental practice directly in states that follow the corporate practice of dentistry doctrine. However, many states allow non-dentists to participate legally through management service organizations (MSOs) or related business structures. Understanding your state’s rules...
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...
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...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
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...
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.
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...
