COVID and the Independent Dentist. What’s Around the Corner?
In the spring of 2020, the COVID 19 pandemic took all of us by storm, forcing the independent dental business owner to evaluate their financial situation quickly and make difficult business decisions that impacted staff, customers, and all of their extended families. In this dental expert interview, we asked industry Human Resources expert, Robyn Reis, some pointed questions around dental staff employment as it relates to COVID. Robyn is a veteran dental practice coach, HR expert, owner of RJR Dental Management, and all-around practice management advisor. As the crisis evolves, we asked Robyn to comment on dental owners challenges and responsibilities towards staff as the COVID touches everyone.
80% of dentists are likely to be embezzled and their CPA can’t stop it.
Some statistics suggest that more than 2 out of 3 dentists will be embezzled from in their career. Impossible you say? Don’t take my word for it. Listen to David Harris, Founder and President of Prosperident, the dental industry’s premier fraud investigation firm. When I met David, at an ADMC meeting, he saddled up to me and I was proud to introduce our “dental only” accounting philosophy. David patiently let me share how we use technology and systems to help prevent fraud. Then he let me know that there isn’t much we can do to prevent a clever thief from stealing. It’s understanding the human side and identifying key behaviors that might reveal you’re a victim too.
Less is More: Slowing Down Dentistry and Producing More
What do you do when you feel like a dentist on roller skates, rushing from one patient to the other, burnt out and frustrated? Larry Guzzardo has been advising dentists on how to slow down and become more productive and joyful, for over 25 years. Larry is considered one of the premier dental practice management consultants and speakers in the industry. As faculty as the Dawson Academy, Larry coaches dentists that are prepared to pump the brakes and learn to provide more thoughtful and comprehensive care. I’ve referred Larry to many of our clients and I asked him to share a bit of his philosophy here.
The Dental Practice Health Assessment: A Roadmap for Practice Care
You have problems in the practice. Poor communication, lack of teamwork, lazy scheduling, etc. Don’t tackle everything at once, give your practice a solid initial assessment and create a roadmap for improvement. Phil Cole and KLAS Solutions understands that value of coaching. His team of dental practice management consultants can assist with issues both the front office and operatories. Sometimes, when you feel overwhelmed with a growing list of practice issues that need attention, consider a Practice Health Assessment
PPO Insurance: Dental CPA’s Explore Myths and Truths
Did you realize that you can often re-negotiate dental PPO reimbursement rates? Have you ever considered going 100% fee for service? The dental insurance industry is changing all the time. Dentists contracted with insurance providers often battle the confusion of claim submission on top of an ever-increasing reduction in reimbursement. When we have a dentist client that wants to either a. analyze and re-negotiate insurance contracts or b. go fee-for-service, we contact our friend Ben Tuinei. Ben is the Founder and President of Veritas Dental Resources and is the industry expert in dental insurance.