Art of Dental Finance and Management

In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Roy Shelburne, a medical records keeping and business systems consultant who helps protect dentists from committing healthcare fraud. Dr. Shelburne has developed a compliance program for dentists to help them keep accurate records in their practice. In March 2008, Dr. Shelburne was found guilty of healthcare fr...

Accurate medical billing can be a lot for healthcare professionals and dentists to track. After all, there were over 400 CPT code changes in January 2022, including 249 new codes, 63 deletions and 93 revisions.. In this episode of The Art of Dental Finance and Management podcast, Art speaks with Susan Rohde, Senior Manager in Eide Bailly’s healthcare division, on the latest in medical and dental c...

It’s been said, “Success without fulfillment is the ultimate failure.” In your dental practice, growth doesn’t always equate to happiness. In this episode of The Art of Dental Finance and Management podcast, Art speaks with Kiera Dent from the consulting company, The Dental A Team. Kiera and Art discuss ways to take care of your team and build a good culture in your practice. They also discuss opt...

In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Summer Kassmel, dental practice owner and business coach for dentists. Art and Dr. Kassmel discuss important HR topics affecting dentists including how to: • Navigate the “Great Resignation” trend • Communicate with staff • Attract and hire high-caliber employees • Create a dynamic workplace culture Reach out t...

In this episode of The Art of Dental Finance and Management podcast, Art meets with fellow Eide Bailly dental CPAs Scott Haberman and Don Watson to discuss how dentists can best prepare for the coming tax filing season. They cover some key tax prep considerations to ensure a less taxing experience: o Gather all tax information o Report all income o Identify all legal deductions o Calculate salary...

In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Mark Costes of Dental Success Network to discuss how dentists can reduce overhead and increase profitability in their dental practice. Five key areas dentists can focus on to help increase their practice profitability include: o Foundational core values o Operational manual o Patient experience o Cash flow cont...

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Dentists  can increase the profitability of their dental practice by understanding important financial principles, implementing solid planning strategies and by having the right people, processes and tools in place.   In this episode of  The Art of Dental Finance and Management podcast ,  Art  meets with Dr. Anissa Holmes of Dental Boss Academy to discuss how dentists can...

It’s important for all businesses and organizations, including  dentists  to have good online presence. This helps attract new patients and stay competitive with other practices. One sure way to accomplish this is by ranking on the first page of Google searches, meaning your practice shows up toward the top in the list of search results.    In this episode of  The Art of D...

The number one challenge dental practices have had for years has been to find and retain good team members, and that is even more important given the COVID-19 pandemic.  In today’s episode of The Art of Dental Finance and Management podcast, Art speaks with dental consultant Sharyn Weiss about issues in hiring and compensating of dental team members. Art and Sharyn discuss why “competitive” c...

Understanding the various influences affecting the markets will help  dentists  navigate any financial uncertainty. For peace of mind and financial security, it’s important to obtain guidance from experienced  financial advisors  who understand the complexities of market trends and economic indicators. Your advisory team will help you build wealth in the long-term, despite fluc...

In this episode of  The Art of Dental Finance and Management podcast ,  Art  speaks about the importance of having good communication about your finances. This includes open conversations regarding your philosophies about money, priorities, lifestyle, goals and living within your means to prevent debt.    Talking points should include:  ·       Ear...

In this episode of  The Art of Dental Finance and Management podcast ,  Art  reviews industry updates, career guidance and life tips to help  dentists  be set for success. He also dives into some relevant topics including PPP loan forgiveness, Employee Retention Tax Credits (ERTC) and the HHS Provider Relief Fund.    Reach out to  Art  if you have any q...

Dentists  often contemplate partnering with large group practices or Dental Support Organizations (DSOs) to maximize resources and grow. In this episode of  The Art of Dental Finance and Management podcast ,  Art  meets with David Lohmann, CEO of Apex Dental Partners, which owns 27 dental practices throughout Colorado, Oklahoma and Texas.    Art and David discuss the...

If  dentists  received more than $10,000 of  HHS Provider Relief Funds  in “Reporting Period 1” (the period between April 10, 2020, when the relief funds started being received, and June 30, 2020) they must report any expenses incurred to prevent the spread of the coronavirus and their lost revenue. These expenses must be reported by September 30, 2021.   In this episode o...

The dental industry continues to consolidate rapidly, providing opportunities for dentists to partner with Dental Support Organizations (DSOs). In this episode of The Art of Dental Finance and Management podcast, Art meets with Chip Fichtner, Principal of Large Practice Sales, to discuss how dentists can accelerate practice growth with an Invisible DSO. Chip explains how larger practice owners can...

Dentists can become certified providers of Invisalign treatment. Invisalign is used as an alternative to braces for orthodontic treatments and is growing in popularity. The Invisalign trays are clear, removable aligners that gradually straighten teeth. They’re known for their convenience. Patients can easily remove them for eating, dental hygiene, or special occasions. For dentists, getting on boa...

Sleep apnea affects an estimated 10% of the adult population and as much as 50% of those with existing cardiovascular conditions ( NIH.gov ). In the short term, sleep apnea can affect daytime alertness, energy, focus, performance, as well as overall sense of wellbeing. In the long term, it can lead to chronic diseases and premature death.    In this episode of  The Art of Dental Fin...

On today's episode of The Art of Dental Finance and Management podcast,  Art meets with Jim Donovan, Partner-in-Charge of the Employee Retention Credit (ERC) program at Eide Bailly. Art and Jim discuss the lessons they’ve learned throughout the process of helping clients maximize funding, as well as how dentists can still take advantage of the opportunity.  Some key points covered in thi...

On today's episode of The Art of Dental Finance and Management podcast, Art meets with Eric Vickery, dental coach at All-Star Dental Academy, to discuss the Key Performance Indicators (KPIs) for dentists to grow their practice. Art and Eric review tips on how to best manage their practice and track measurable stats including:  • New patients  • Comprehensive exams  • Write-off rate...

Dentists who  digitally transform  their dental practice with cloud-based software can operate more efficiently and profitably. What does this mean? It’s a system of resources without direct active management by the user, which means more time to focus on your practice.    On today's episode of  The Art of Dental Finance and Management podcast ,  Art  meets with...

On today's episode of The Art of Dental Finance and Management podcast, Art meets with Dennis Kushner, principal of Fordham Road Collaborative Group. Art and Dennis discuss national and global economic issues affecting dentists including: • Inflation • Interest rates • Pandemic challenges • Global influences • Potential tax legislation • National debt • Economic indicators and trends Reach out to...