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By: William P. Prescott, Esq., E.M.B.A.
The purpose of Joining and Leaving the Dental Practice is to educate you, your spouse and advisors on all important business, legal and tax planning issues relative to your practice succession or entry choices.  This book recognizes that in any form of practice transition, you have a silent partner, the IRS, specifically in the complex are of co-ownership discussed in Chapter 11.  Please enjoy and provide me with your comments, questions and suggestions. 
The Medical Protective Company
Most healthcare providers know that a patient’s signature on an informed consent document may not automatically make the consent valid. The same is true of informed refusal. Both of these concepts rely on ethical and legal guidelines that acknowledge the right of competent adults to determine the course of their health care.
By: Dr. Terry Dickinson, VDA Executive Director
Note to readers of the Leadership series:  This is an exceptional way to look at leadership and those that inspire and make a difference.  Please take 18 minutes out of your day and watch this.  I don’t think you will regret it. https://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action#t-390140
By: The Consultants of Jameson Management, Compliments of Care Credit
This winter was brutal to most of the United States.  Snow storms covered the landscape and many days were spent with businesses shut down, including our dental practices. Now that we are thawing out and the warmer days of summer are coming our way, how can we march forward and make up for lost time, and lost production?
By: Darla M. Pilgrim, EA, ATA, ATP, Partner, Gray Pilgrim and Associates, LLC
This is very important, especially in a practice start up. The best way to know is to purchase a demographic study of the areas you are considering...
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Take a few minutes to watch these two important videos on Virginia's Prescription Monitoring Program: 1. "Virginia's Prescription Monitoring Program Story" (Run time 4:32) provides a brief overview of the mission to promote the appropriate use of controlled substances for legitimate medical purposes while deterring the misuse, abuse, and diversion of controlled substances. https://www.youtube.com/watch?v=QtX7q3NRa6s
Darla M. Pilgrim, EA, ATA, ATP, Partner, Gray Pilgrim and Associates, LLC
Accounts Receivable is a very important item to keep track of to keep it from getting out of hand.  The work has been done, now all you need to do is collect the money.  Generally, once you bill the patient, it goes into accounts receivable and only gets zeroed out by a payment or a credit issued for various reasons.  Accounts Receivable is generally measured by age such as current, 31-60 days old, 61 to 90 days old; 91 to 120 days, and over 121 days. The older it is, the less likely you are to be able to collect, so earlier efforts generate more results.
It is not uncommon today for dental benefit carriers and third party administrators (TPAs) to pay dental offices with a credit/debit card instead of the traditional paper check.  In fact, this trend seems to be more popular with TPAs than it is with traditional dental plan carriers and has created concerns for dental offices.

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