Top 10 Dentist's Money Digest Articles of 2023
Throughout 2023 Dentist's Money Digest published articles aimed at help dental professionals find financial success to match their clinical success. Here is a slideshow highlighting the top most viewed DMD articles of 2023.
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When Selling a Dental Practice, EBITDA Multiples Don’t Matter
In this feature from May, Professional Transition Strategies President Kyle Francis provides advice on how understanding the structure of the deal is key to achieving the desired outcome from a practice sale.
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Getting Back on Track: How to Recover from the Financial Impact of a HIPAA Breach
Protecting patient records is an important responsibility for any healthcare provider. But even with the best intentions, and a comprehensive approach to data security, HIPAA violations can happen at almost any practice. This is probably why this article about how to recover should a breach occur was among the most popular of 2023.
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The High Cost of a Dental Education
Becoming a dentist takes more than just time, intelligence, skill, and dedication; it takes money. Most dentists leave school with a sizable debt, but despite the high price of a dental degree, there are ways to get and stay ahead financially. This feature from February looks at how to keep student loan debts from weighing down your career.
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Divorce at the Dental Office
In this article from early in the year regular contributor Bruce Bryen, CPA, CVA, delves into the complexities of dental practice ownership when one of the owners is getting divorced. The value of the practice likely going to be a key part of the divorce settlement and so it's no surprise this article proved to be among the most viewed this year.
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The Big Pandemic Payback
The 2020 COVID-19 pandemic hit the US dental industry incredibly fast and hard with most practices shutting down for an extended period, and many experiencing new challenges in staffing and supplies once reopening. Throughout this period federal Paycheck Protection Program loans were in use, and this article from the spring looks at how dental practices and companies made use of these loans.
Inflation and Dental Practice Valuations
At the start of 2023 inflation was a big topic as prices had been increasing throughout 2022 and this continued throughout the first part of the year. This interview with Kyle Francis, president and founder of Professional Transition Strategies, covers how inflation was impacting dental practices at the start of the year and includes his thoughts on why investment capital continues to show interest in the dental industry.
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Long-term Thinking Key for Clinicians
When evaluating the next steps in a dental career it's important to have a long-term vision. This feature from the late spring covers how some of the big decisions a dentist makes can impact earning potential throughout a career.
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What to Know About Delays and Practice Valuations When It Comes to Divorce
Preparing for a potential divorce proved to be a popular topic in 2023, as this article from Bruce Bryen CPA, CVA follows up his earlier article on divorce to look at new angles and the potential for a practice valuation to become a massive hold up to court proceedings.
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Keeping It In The Cards: Getting the Best Deal for Credit Card Processing Services
Credit cards are the main form of payment, but every swipe comes at a cost for the practice. It would seem simple, but with layers of fees and rules and regulations, credit card services can be complex to manage. No wonder this feature from the beginning of 2023 proved to be among the most read this year.
