Topic
Practice Operations

November 23, 2020 News BlogsPractice managementPractice Operations

Tax Deferral Options on Sale of a Practice

by Bal Katlai, PhD, CPA, CGA; Waji Khan, B.Sc., DDS, MBA, M.Ed., FICOI, FPFA, FICD, FACD

An important consideration during the sale of a practice is the amount of taxes arising from realizing a capital gain – the underlying asset primarily being the patient list, i.e., goodwill. While the seller can avail of the lifetime capital…

May 1, 2020 Feature Oral Health OfficePractice ManagementPractice Operations

Impact of the Current COVID-19 Pandemic on Dental Practice Valuations and Sales

by Bill Henderson; Dr. Bernard Dolansky

Never has the statement that we live in unprecedented times been truer. As of the writing of this article, none of us fully understands how this pandemic will play out. But even in times of unprecedented crisis, experience and basic…

May 1, 2020 Feature FinancesOral Health OfficePractice ManagementPractice Operations

COVID-19: Maximizing Government Benefits

by David Chong Yen*, CPA, CA, CFP, Louise Wong*, CPA, CA, TEP, Basil Nicastri*, CPA, CA and Eugene Chu, CPA, CA

With COVID-19 shutting down many dental practices across the country, the government has introduced new benefits to help businesses weather this storm. Here is an overview of what’s available for dentists and some ways to optimize the benefits for you…

May 1, 2020 Feature Dental practice transitionNew dentistsOral Health OfficePractice ManagementPractice Operations

Is This Really the Best Time to Buy a Practice?

by Jackie Joachim, ROI Corporation

ABSOLUTELY!!! And here is why. If your ultimate goal is to own your own practice, then do not pass on a good office because of the times we are currently in. An economic crisis can be the best possible time…

April 3, 2020 Feature Oral Health OfficePractice ManagementPractice Operations

Management Systems for Success

by Lois Banta, CEO and Founder of Banta Consulting, Inc.

There has never been a more important time than now to implement effective practice management systems. Having a good back up plan is integral to practice success. Keep in mind that focus needs to be on the here and now.…

February 28, 2020 Feature Oral Health OfficePractice ManagementPractice Operations

Preparing to Sell – Decoding Practice Valuation

by Alex Zlatin, Maxident

2/3 The Experienced Dentist Pocketbook — A Three Part Series At a certain point in time, you feel that you have had enough of owning a clinic. At that point in your life you will have new values, wants and…

December 18, 2019 News BlogsNew dentistsPractice managementPractice OperationsSocial networking

Tips For Growing Your Private Practice As A Dentist

by Derek Edison

Congratulations on choosing one of the most transformative career paths. Indeed, you must have sacrificed a lot to complete a training program in dentistry. So, you’re here now and have chosen to take the private practice route. Another great move…

November 19, 2019 Feature Dental HygieneDental OfficeFinancesHygienistsPractice Operations

The Business Of Dental Hygiene

by Jodie Cantarelli AAS, RDH, Dip.AdEd

As a practicing dental hygienist, I focused on the delivery of patient-centred care, avoided the financial and operational aspects of a dental practice, and had no need for business acumen. Over time working in dental clinics, my interests and horizons…

November 12, 2019 Feature Data Driven DentistryOHGdataPractice Operations

First Comes The Dentist, Then The Location

by Oral Health

Location, location, location. Every dentist knows the site of their practice is one of the most important considerations when opening to the public. It doesn’t matter if you’re in a rural area, a city or a metropolis, where you are…

October 3, 2019 Feature Dental OfficeOffice designOral Health OfficePractice Operations

A Journey To Excellence In Clinical Practice & Interior Design

by Peter Barry, CMC, RRDH; Darcie Galbraith, BA, Interior Design Coach

Dentistry is a special and exciting career for people interested in medicine, oral health, and helping others. Although becoming a dentist requires many years of education, our challenging yet rewarding field can make the effort well worth it. The Learning…

July 1, 2019 Feature Oral Health OfficePractice ManagementPractice Operations

Retirement – The Big Picture

by Dr. Wilson Chen BSc., DDS, CFP, FMA

July is here, and Canadians everywhere are trying to squeeze the most out of our abbreviated summer. Hopefully, we’ve all set aside time to reconnect with family and friends and to recharge our internal batteries. For many of us, the…

July 1, 2019 Feature Dental equipmentDental OfficeGeneral PracticeNew dentistsOffice ManagementOral Health OfficePractice Operations

Opening A New Dental Practice: How Important Is Good Design?

by Jean Akerman, ARIDO, IDC

The task of opening a new dental office can be formidable. There are so many considerations: Is there adequate usable area for my needs? What dental equipment will best suit my practice? What are the health and safety requirements and…

May 6, 2019 News BlogsHuman ResourcesPractice managementPractice OperationsTeam motivation

Don’t Allow The Bully Into Your Workplace

by Shawn Peers, DentalPeers

Picture working in this environment: Your entire team, led by the office manager, has conspired against you. At lunch time, there is never a chair at the table for you. Sometimes, the lunch you have prepared has been thrown out…

March 1, 2019 Feature Office designOral Health OfficePractice Operations

Answering the Office Design Questions You Should Be Asking

by Kathryn Gaysinsky, De Style Design Inc.

What’s a frequent request you try to stray dental clients away from? The first step in looking at any dental office layout is examining the flow and ergonomics of a given unit. It is important during this first step to…

March 1, 2019 Feature Marketing strategiesOral Health OfficePractice Operations

How Marketing Can Save Your Clinic in 2019

by Alex Zlatin, Maxim Software Systems

In the past, we had product-centric companies and then they shifted to being customer-centric, now today the most successful companies are moving towards being purpose-centric. This means that all aspects of the business, whether it’s marketing, service, R&D, sales, IT,…

March 1, 2019 Feature Human ResourcesOral Health OfficePractice Operations

Employment Standards: Good for Employees, Essential for Employers

by Carole McLeod

Maybe you don’t pay overtime because you let your staff take a day off when they need it, or maybe your staff doesn’t get a proper lunch break most days, but once in a while they can take an extra…

February 4, 2019 News BlogsDental TeamHuman ResourcesPractice Operations

Recruiting Talent is a Full Time Job!

by Shawn Peers, DentalPeers

Now that one month of the year is behind us, I hope you are on your way to making any of the necessary changes to your practice that you feel will help improve your patient care and financial performance in…

January 31, 2019 Feature Oral Health OfficePractice managementPractice OperationsTeam motivation

Paid Getting in Tune: Best-Practices for Engaging Your Employees in the Year Ahead

by Lori Anne Paananen, VP, Human Resources at dentalcorp

Increased attention has been given to employee engagement and retention in recent years. Many practice leaders are now making it a top-priority, investing more time and resources into assessing and subsequently improving engagement among team members. And for good reason.…

January 31, 2019 Feature Oral Health OfficePractice Operations

Attaining the Fully Paperless Office: A Guide for Holdouts

by David Rajczak & Angela Spinks

Over the last several decades, dental offices have incrementally replaced components of their manual practice management systems with computer-based paperless systems. This means that one-write billing systems, ledger cards, written insurance forms and paper appointment books have, thankfully, become relics…

January 31, 2019 Feature Oral Health OfficePractice managementPractice OperationsScheduling

Create Order Throughout Your Day, Week and Month

by Laura Hatch

The one true statement that can be said about working at the front desk of a dental office is that no two days are alike. Regardless of how organized you think you are, how detailed your to-do list is or…