Financial Management

Running a dental practice entails more than just providing excellent patient care. To thrive in today’s competitive market, dentists need to embrace the power of data-driven decision-making. That’s where Key Performance Indicators (KPIs) come into play. KPIs act as compasses, guiding dentists toward practice growth, operational efficiency, and financial success. In this blog post, we […]

Cash is the lifeblood of a medical or dental practice. Throughout this COVID-19 pandemic, I hope you would agree with me on the importance of having access to an adequate amount of cash to run your business. Profit is important as well, but profits can be manipulated based upon several controllable factors. Cash, on the […]

In this post I’m going to talk about the top denials in medical billing and answer the following questions: Why are claims denied? What is the cost of a denied claim? And what can be done to reduce your claim denial rate? Keep reading to find out the answers to these questions and more. What […]

Over the years, having reviewed the expenses of medical and dental offices, there has been one expense item that I often thought warranted special attention. The telephone bill. Especially wireless plans. From personal experience, I know that if I stop in to see or call my wireless provider once a year they will find savings […]

Cash flow is the most important measure of the financial health of your practice. Healthy cash flow means that you have more money coming in than going out. A steady stream of cash allows you to pay your staff and your bills on time. In this post, we’ll cover exactly why cash flow is so […]

A doctor should give think carefully before working with a collection agency. How will it affect your patient relationships? Are their fees worth it? Do they specialize in healthcare clients? These are the type of questions we’ll try to answer in this post. Here are four steps to consider when making the decision to turn […]