Finance

Dr. Roger P. Levin is the CEO of Levin Group, a leading dental management consulting firm. Founded in 1985, Levin Group has worked with over 30,000 dental practices. Dr. Levin is one of the most sought-after speakers in dentistry and is a leading authority on dental practice success and sustainable growth. Through extensive research and cutting-edge innovation, Dr. Levin is a recognized expert on propelling practices into the top 10 percent. He has authored 65 books and over 4,000 articles on dental practice management and marketing. He has been featured in the Wall Street Journal, New York Times, and Time magazine and is the creator of the Levin Group Tip of the Day, which has over 30,000 subscribers. To contact Dr. Levin, visit www.levingroup.com or email rlevin@levingroup.com. 

Articles

People have been lending money to family members since money was invented. Relatives may lend funds to help start a business, pay for education or alleviate an emergency situation. Unfortunately, in my experience at Levin Group, many dentists have experienced financial setbacks and emotional stress after lending to family members who couldn’t pay them back.

The biggest mistakes dentists make: Lending money to family members

Alitta Boechler is a marketing manager at Sikka Software. She holds a Doctorate of Audiology from the University of Iowa and an MBA from the Jesse H. Jones Graduate School of Business at Rice University.  You can contact her at alitta.boechler@sikkasoftware.com or (408) 359-3014.  For more information about The Practice Optimizer CompanyÂ® please visit https://www.sikkasoft.com/dental/sikka-apps/practice-optimizer-dental/

Accounts receivable is often a significant part of a dental practice’s financial health. Due to common dental benefit practices and late patient payments, dentists are often owed a significant amount of money. Although carrying an accounts receivable balance is common and in many cases unavoidable, reducing the outstanding financial burden can improve cash flow and overall practice health.

Seasonality and effects on accounts receivable in the dental practice

Bruce Bryen is a certified public accountant with over 45 years of experience and is a part of Baratz & Associates CPAs. He specializes in deferred compensation, such as retirement planning design; income and estate tax planning; determination of the proper organizational business structure; asset protection and structuring loan packages for presentation to financial institutions. He is experienced in providing litigation support services to dentists with Valuation and Expert Witness testimony in matrimonial and partnership dispute cases. He is also a financial writer for several dental journals. You may contact him at 609-502-0691 or at 

Knowing about goodwill and the necessary attributes for the dentist's practice valuation can be critical in a divorce.

5 things you need to know about divorce, goodwill and dental practice valuation

Jared Kizer is Chief Investment Officer for the BAM ALLIANCE.In 2008, Jared co-authored the book The Only Guide to Alternative Investments You’ll Ever Need with financial author Larry Swedroe. Jared has written several articles on topics including retirement planning and investment policy. His work has been published in The Journal of Portfolio Management, Journal of Indexes and indexuniverse.com. Jared has made appearances on local and national television, including Bloomberg Television. Additionally, he writes the blog Multifactor World.Jared holds a master’s degree in finance from Washington University in St. Louis. Additionally, many members of the Academy of Dental CPAs (www.adcpa.org) use Jared's firm's policy of "passive investing."

Britain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event - projections of crazy market volatility, wild headlines and a fair dose of uncertainty about the long-term impact on the global economy and our individual financial lives here at home.

How Brexit could affect your business' bottom line

Clarisa Hernandez is a financial advisor for North Star Resource Group. Find out more about her at http://www.northstarfinancial.com/find_an_advisor/clarisa-hernandez/

Jordan Youngblade is a financial advisor at North Star Resource Group’s Denver office.

Eight strategies that have helped dentists maximize their income and reduce taxes, in addition to other expenses. This in return allows additional monies to be working for them and their families.

8 dental practice strategies to keep more money in your pocket

Embezzlement can happen in any practice. Even yours.

The biggest mistakes dentists make: Thinking embezzlement will never happen

With more than 20 years in the dental publishing industry, Kevin Henry has guided the leading publications in the industry, including serving as the former group editorial director for 

. He now works as the co-founder for IgniteDA, a community designed to empower, enlighten, and educate dental assistants, and as director of marketing for Fortune Management, a coaching community dedicated to help dentists and teams have extraordinary practices and lives. He can be reached at kevinhenry@fortunemgmt.com.

Gary Takacs sits down to talk to dentists about the three most important metrics in the dental practice … and how they can reach the right numbers in each of them.

3 metrics every dentist should know in his or her practice

The new database is designed to save dentists time and money when dealing with insurance companies.

ADA launches new centralized credentialing database

David Harris is a licensed private investigator and Certified Fraud Examiner, and is the Chief Executive Officer of Prosperident, the world’s largest dental embezzlement investigation firm. Prosperident’s web site is dentalembezzlement.com, and its phone number is (888) 398-2327.

A dental practice employee embezzles greedily from her employers. Why did she do it, and how can dentists ensure it doesn't happen to them?

An interview with a dental practice embezzler

Why is measuring and preparing for seasonality important for dental practices? It could create major cash flow problems.

Money