Finance

Articles

Credit card processing fees are small but add up over time. We look at how to get the best deal for credit card processing services for your practice.

Keeping It In The Cards: Getting the Best Deal for Credit Card Processing Services

Robert Elsenpeter is a freelance writer and frequent contributor to Dental Products Report and Dental Lab Products. He is also the author of 18 technology books, including the award-winning Green IT: Reduce Your Information System's Environmental Impact While Adding to the Bottom Line. As such, he’s particularly interested in the technological side of dentistry.

How the changing economy is affecting dental professionals’ retirement planning.

Inflationary Effects On Your Retirement

Stan Goff is a Managing Editor with MJH Life Sciences, which includes Dental Products Report, Dental Practice Management, Dental Lab Products, Modern Hygienist, and Dentist's Money Digest. He has covered the dental industry since 1999 and can be reached at sgoff@mjhlifesciences.com.  

These Dentist’s Money Digest® articles generated the most views over the last year. To make sure you never miss a thing, subscribe to the Dental Practice Management eNewsletter at dentalproductsreport.com. 

Top 10 Dentist’s Money Digest® Articles for 2022

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 

Goodwill is a primary item when a dental practice is being listed for sale and a negotiation is underway as to how much goodwill there really is in the practice.

Understanding the Importance of Goodwill to Both the Dentist and the Dental Practice

When it comes to investing, what is the dentist's role in helping their staff manage their money? What should they do, and what should they avoid? We spoke to 3 financial experts about how dentists should invest in their team's investing.

Investing in Your Team's Investing: How to Help Your Dental Practice Staff Manage Money

Sunbit and Kleer will partner up to offer financing options to patient and expand access to necessary dental care. 

Sunbit and Kleer Partner to Improve Access to Dental Care

Employee compensation or independent contractor status? Which is best and which is the correct method of paying someone hired at the dental office? 

Getting to the Bottom of Employee vs. Non-Employee Compensation

Upon earning his bachelor’s degree in management information systems and professional selling from Baylor University in 2004, Matt began his career with the world's largest provider of health products and services rendered to the office-based practitioner. His roles and responsibilities included business and infrastructure development for both private practice dentists as well as dental service organizations. Matt personally facilitated value for a wide range of clients in seeding over 850 dental offices. He was the dental industry’s top producer in revenue for 8 years and had proximity to more than 100M of transacted value. During this tenure, his consultative services included project/practice planning, real estate evaluation, construction evaluation, office design, and maximization of in-office efficiencies. Many of his clients pivoted after their first few ventures, established economies of scale, honed their operations, and transformed themselves into the market-leading dental service organizations.

In recent years he has aided healthcare startups in order to navigate sales, scale, and trajectory for both B2B and B2C oral healthcare companies. One of Matt’s most feverish passions is the little-known and often overlooked link between oral health and systemic wellness. Matt found great purpose through assisting doctors in conceiving their vision of oral healthcare service from inception through the process of entrepreneurship. Now, he has the privilege of facilitating that same vision on the other side of their career in navigating an effective and purposeful merger or acquisition nurtured by the Professional Transition Strategies team. If you can’t catch this proud father chasing his two kids around Dallas he’s likely indulging in live music or attending an open-wheel racing event.

Scaling your dental practice comes down to timing, resources, and planning. Here is how to best prepare for that transition. 

What You Need to Know About Scaling Your Dental Practice

Straumann Group practices will now use the Sunbit buy-now, pay-over-time patient procedure financing system. 

Straumann Group Chooses Sunbit as Preferred Consumer Financing Tool

Ensuring your dental product innovations get to the market is a matter of finding the right sources and support to get started and keep going. 