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Practice Solutions

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What You Need to Know Before Buying New Dental Equipment & Technology

As a dental practice owner, deciding to incorporate new technology and equipment is a step toward improving efficiency and quality of care for your patients.  Before you take that step to invest in new technology, here are four things to consider so you can be prepared and knowledgeable about your purchase.   Take a deeper look …

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This is an image of a periodontist using a model of a mouth to explain a dental procedure.

Personal Finance 101 for Periodontists: Salary, Practice Ownership & More

Periodontists face financial challenges from school to practice, but having an understanding of personal finances and ways to improve or invest in yourself can make all the difference. In this article, we share how these financial challenges may affect you as a periodontist, what you can expect in a salary, and what you should know …

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interest rate

What the Fed Rate Hike Means for Loans, Credit Cards & Savings

Inflation has reached a 40-year high, increasing 8.3% over the past 12 months. Americans have been feeling the effects of this with more costly groceries, gas, rent and more.  The Federal Reserve is aggressively raising rates in an attempt to slow spending, cool the economy and reduce the worst inflation since the 1980s. The Fed …

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How Contract Lawyers Help Doctors

Contract lawyers can be helpful if you are becoming an employee or partner of a large group or system. They can also help if you are a practice owner where complex legal agreements are common.  These experts can help you review and negotiate the complexities of an employment contract when you are considering a new …

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choosing practice lender & bank

Finding a Practice Lender & Bank: Choosing Wisely Today for Your Practice Tomorrow

Choosing a practice lender and banking partner for your acquisition, startup or any other practice-related transaction is a very important decision. More than just rate, the relationship you are creating with your lending bank, the support and services they provide, and how their structure allows you to focus on what you do best — patient …

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picture of credit card for credit card consolidation

What You Need to Know About Credit Card Consolidation for Doctors

Key takeaways:  Credit card consolidation takes multiple credit card balances and rolls them into one monthly payment. Doctors can often build up credit card debt in school and residency, which can quickly become toxic when not paid off. Personal loans are one option for consolidating credit card debt. Americans have over $840 million in credit …

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private practice medicine

The Changing Landscape of Medicine: Trends and Key Benefits of Private Practices

Key takeaways:  Private practice employment and ownership is declining. Owning and working for a private medical practice can allow a physician to have greater autonomy, can be more lucrative, and allows the owner to develop non-medical skills. Private practices are important to healthcare, allowing patients and providers to have more options. Most physicians are employed …

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practice buy-in

5 Things Physicians Need To Know About Buying Into a Medical Practice or Surgery Center

5 Things Physicians Need To Know About Buying Into a Medical Practice or Surgery Center Key takeaways:  Becoming a partner is a great way to become a co-owner in an existing, thriving practice. Before signing the agreement, review the buy-in offer, know the practice value, learn the income distribution structure, understand exit plan options, and …

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buying a dental practice

What You Need to Know About Buying a Dental Practice

What You Need to Know About Buying a Dental Practice Key takeaways:  Buying a dental practice allows the owner to get started right away with the security of historical finances. New owners may face difficulty in adjusting policies and dynamics in an existing practice. New owners may need to update dated offices and equipment. After …

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starting a dental practice

What You Need to Know About Starting a Dental Practice From Scratch

What You Need to Know About Starting a Dental Practice  Key takeaways:  Starting a dental practice from scratch allows full decision making in all aspects of the business. Dentists starting a new practice may face a high risk of failure, unplanned expenses and increased competition. Having professional support and a clear plan can help your …

What You Need to Know About Starting a Dental Practice From Scratch Read More »

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