Art of Dental Finance and Management

One of the traits that separate great dentists from good Dentists are their abilities to communicate with patients and to lead a cohesive, happy dental team. Today, Art visits with Jonathan Bonanno who is an Industrial Organizational Psychologist and whose work involves helping dentists to communicate with their patients and also involves the importance of understanding employees needs, providing...

Navigating the Internal Revenue Service (IRS) can be intimidating for individuals and businesses alike. In these situations, it helps to have a former IRS professional on your side. On this episode of the Art of Dental Finance and Management podcast, Art is joined by Ben Peeler, Partner in Charge of Eide Bailly’s Tax Controversy and Procedures group. Ben provides updates on proposed personnel cuts...

Dentists in private practice are bombarded with not only their local dental supply representative visiting on a regular basis, but dozens dental supply vendors standing in line at the practice entrance. These vendors most often want to sell the practice owner their product, but did you know there are ways to save? With Procurement Technology dentists can reduce their supply costs by as much as 30%...

One of the biggest challenges facing dentists today involves contracting with PPO plans through insurance companies. On The Art of Dental Finance and Management Podcast, Art discusses this challenge with Ben Tuinei, President of Veritas Dental Resources. For over twenty years, Ben has helped thousands of dentists obtain higher reimbursements, manage the array of contracts put in front of them by i...

In this episode of the Art of Dental Finance and Management, Art is joined by Dr. Max Martinez, President of the California Dental Association (CDA), to discuss the importance of organized dentistry. Dr. Martinez outlines his own professional journey, from becoming the first in his family to graduate high school to overseeing the largest dental association in the country. Art and Dr. Martinez also...

In this episode of the Art of Dental Finance and Management, Art is joined by Perrin DesPortes, founder of The Next Level Executive, for a conversation about expanding your dental empire. Perrin provides advice for dentists who want to level up their practice by building additional locations — discussing who should (and shouldn’t) consider expansion, how to effectively lead a growing team, and why...

In this episode of the Art of Dental Finance and Management, Art is joined by Nancy Coy, founder of Finance Rx Venture Studio, for an in-depth exploration of patient financing. Nancy discusses some of the most common mistakes dentists make when communicating financing options with patients. She also shares how implementing a financing system that is tailored to your patient base and treatment prot...

Knowing the difference between buying and leasing a car and how to avoid common situations that might get you into a vehicle at a price you aren't prepared for.

It's important to start a new year on the right foot — especially when it comes to managing your finances and taxes. In this episode of the Art of Dental Finance and Management, Art explains how CPAs help their clients navigate the annual financial maze. From setting up salary schedules in January to planning for tax liabilities and retirement plans, Art shares valuable insights to help you naviga...

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In this episode of The Art of Dental Finance and Management, Art Wiederman and Kurt Oswell dive into the intricacies of retirement plans tailored for dental practices. They discuss the benefits of 401(k) profit-sharing plans, the flexibility of new comparability allocations, and the advantages of defined benefit and cash balance plans. Kurt explains how these plans can be customized to meet the un...

In this episode of the Art of Dental Finance and Management Podcast, Art Wiederman is joined by Justin Pattelaro, Wealth Advisor at Sequioa Financial Group, for a conversation on financial planning for dental professionals. Tune in to discover strategies for meeting your personal and professional financial goals, maximizing the impact of charitable giving, and setting yourself up for financial suc...

In this episode of the Art of Dental Finance and Management Podcast, Art Wiederman is joined by Eide Bailly’s Director of Legislative Affairs Mel Schwarz for a conversation about the outcomes of the 2024 presidential election. From equipment purchases to pension plans, Art and Mel discuss potential shifts in tax legislation and how they may affect dental practices.

In this episode of the Art of Dental Finance and Management Podcast, Art Wiederman and Gene St. Louis dive deep into what it takes for dental practices to excel and achieve profitability. Their conversation covers a comprehensive range of topics, including the latest software and technology to streamline operations, essential leadership training to inspire and manage teams effectively, and strateg...

“If you want rockstars, you’ve got to have the right culture.” In this episode of The Art of Dental Finance and Management, Art is joined by Laura Nelson, founder of Front Office Rocks. Laura has drawn on firsthand experience as a front office manager to help practices nationwide elevate their culture and advance growth. Now, she’s sharing her insights with our listeners, discussing the critical r...

In this episode of the Art of Dental Finance and Management, host Art Wiederman is joined by Brannon Moncrief of McLerran & Associates to delve into the complexities of DSO transactions. Whether you’re contemplating a practice sale or simply curious about the intricacies of these deals, this conversation covers essential topics such as the tricks DSOs might try to pull and the importance of having...

It’s no secret that dentistry has faced a drastic staffing shortage since the onset of the COVID-19 pandemic. The American Dental Association reported in 2022 that vacant positions in dental assisting and hygiene have reduced dental practice capacity by an estimated 10% nationally. In this episode of the Art of Dental Finance and Management, Art is joined by Holli Perez for a conversation about de...

Approximately 39 million Americans suffer from obstructive sleep apnea. It’s a relatively common condition that can impact many areas of overall health — including oral health. In this episode of The Art of Dental Finance and Management, Art is joined by Dr. Dar Radfar for a conversation about the convergence of sleep science and dentistry. Dr. Radfar explains how practices and patients alike can...

In this episode of The Art of Dental Finance and Management, Art is joined by Dr. Martin Mendelson for a conversation about the transformative power of positivity, specifically in dental practices. Dr. Mendelson shares his personal journey from dentist to coach and the mindset shifts that allowed him to turn a devastating diagnosis into a fulfilling career. Dr. Mendelson introduces the concept of...

Janice Hurley has helped practices across the country increase their profit margins by decreasing their dependency on outside insurance plans. In this episode of The Art of Dental Finance and Management, Janice walks Art through the five things any dental practice must consider before dropping an insurance plan, as well as how to prevent losing patients during the transition. Listeners of the podc...

“Today is the first day of the rest of your life. There's nothing you can do about all the days before today.” In this special 200th episode of The Art of Dental Finance and Management, Art reflects on his 40-year career as a dental CPA — including how he got to where he is today and where he hopes to go next. Art encourages listeners to do the same and shares his advice for becoming not just a mo...

Social media is no longer a nice-to-have for dental practices; it’s a must-have. In this episode of The Art of Dental Finance and Management, Art Wiederman is joined by author and social media marketing specialist Rita Zamora for a conversation about leveraging social media to attract patients, recruit employees, and build trust. Rita shares best practices for what, when, and how to post for the m...

In this episode of The Art of Dental Finance and Management, host Art Wiederman is joined by acclaimed dental attorney Ali Oromchian for a conversation about human resources in dentistry. Ali shares the most common HR mistakes he sees in dental practices, as well as advice for avoiding legal challenges, maintaining compliance, and fostering a positive work environment. Art and Ali also discuss som...

In this episode of The Art of Dental Finance and Management, host Art Wiederman welcomes dental attorney Jason Wood to discuss crucial legal considerations for practices thinking about selling to a Dental Service Organization (DSO). They cover who should (and shouldn’t) consider selling, common mistakes and how to avoid them, and essential pre-sale factors to ensure a smooth and profitable transit...

More than two thirds of Americans do not have a proper estate plan in place. In this episode of the Art of Dental Finance and Management, Art is joined by attorney Joshua Meier for a conversation about the importance of estate planning — particularly in the dental profession — and the key individuals and documents involved in developing an estate plan. Art and Joshua also discuss common challenges...