Art of Dental Finance and Management

Art of Dental Finance and Management

Welcome to the Art of Dental Finance and Management with Art Wiederman, CPA. This is the show that will help you to meet your personal and business financial goals through saving taxes, investing and planning wisely and managing your dental practice, so it can become as profitable as possible. Here is your host…CPA Art Wiederman.

Episodes

June 22, 2022 70 min

In this episode of The Art of Dental Finance and Management podcast, Art meets with Michael Dinsio of Next Level Consultants to discuss what steps dentists need to take to start up or purchase a new dental practice. Some of the key takeaways from this episode include how to:

• Engage PPOs

• Develop marketing strategies

• Hire and retain a dental team

• Reduce costs on construction and equipment

• Conduct management due diligence

• Ident...

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No matter what’s going on with the stock market or economy, it’s important for people to follow an established financial plan. When investing long term, markets will always fluctuate, so when you set goals, develop a plan and follow it through. It will help you grow your wealth despite volatility in the market.

In this episode of The Art of Dental Finance and Management podcast, Art meets with Daren Pladson, Principal and Senior We...

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In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Ed Zuckerberg, founder of Painless Social Media, a social media marketing business that helps dentists promote their practice. Dr. Zuckerberg shares technology tips for dentists and the importance of social media marketing to:

• Promote their practice

• Attract new patients

• Maintain and improve relationships with existing patients

• Manage the...

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In this episode of The Art of Dental Finance and Management podcast, Art meets with Fred Joyal, founder of dentist referral business 1-800-DENTIST. Fred recently published the book “Superbold — From Under-Confident to Charismatic in 90 Days” and shares nuggets from what he’s learned throughout his dental marketing career, as well as how anyone can develop boldness in business and life.

Reach out to Art if you have any questions reg...

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In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Cherilyn Sheets and Robert Hayman to discuss InnerView, a tool currently in the approval phase that helps dentists detect and diagnose structural damage in teeth and implants that can’t be seen in an x-ray or visual exam.

InnerView uses quantitative percussion diagnostics to measure how structurally sound and strong a tooth or implant is. Certain...

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In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Roy Shelburne, a medical records keeping and business systems consultant who helps protect dentists from committing healthcare fraud. Dr. Shelburne has developed a compliance program for dentists to help them keep accurate records in their practice.

In March 2008, Dr. Shelburne was found guilty of healthcare fraud, racketeering and money launderi...

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Accurate medical billing can be a lot for healthcare professionals and dentists to track. After all, there were over 400 CPT code changes in January 2022, including 249 new codes, 63 deletions and 93 revisions..

In this episode of The Art of Dental Finance and Management podcast, Art speaks with Susan Rohde, Senior Manager in Eide Bailly’s healthcare division, on the latest in medical and dental coding.

In this episode, Susan and ...

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It’s been said, “Success without fulfillment is the ultimate failure.” In your dental practice, growth doesn’t always equate to happiness. In this episode of The Art of Dental Finance and Management podcast, Art speaks with Kiera Dent from the consulting company, The Dental A Team.

Kiera and Art discuss ways to take care of your team and build a good culture in your practice. They also discuss optimizing everything from system pro...

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In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Summer Kassmel, dental practice owner and business coach for dentists. Art and Dr. Kassmel discuss important HR topics affecting dentists including how to:

• Navigate the “Great Resignation” trend

• Communicate with staff

• Attract and hire high-caliber employees

• Create a dynamic workplace culture

Reach out to Art if you have any questions re...

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In this episode of The Art of Dental Finance and Management podcast, Art meets with fellow Eide Bailly dental CPAs Scott Haberman and Don Watson to discuss how dentists can best prepare for the coming tax filing season. They cover some key tax prep considerations to ensure a less taxing experience:

o Gather all tax information

o Report all income

o Identify all legal deductions

o Calculate salary for S Corporation shareholders

o Decide...

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In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Mark Costes of Dental Success Network to discuss how dentists can reduce overhead and increase profitability in their dental practice. Five key areas dentists can focus on to help increase their practice profitability include:

o Foundational core values

o Operational manual

o Patient experience

o Cash flow control

o New patient acquisition

...

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Dentists can increase the profitability of their dental practice by understanding important financial principles, implementing solid planning strategies and by having the right people, processes and tools in place.   In this episode of The Art of Dental Finance and Management podcastArt meets with Dr. Anissa Holmes of Dental Boss Academy to discuss how dentists can improve their dental practice management. A better run practice w...
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It’s important for all businesses and organizations, including dentists to have good online presence. This helps attract new patients and stay competitive with other practices. One sure way to accomplish this is by ranking on the first page of Google searches, meaning your practice shows up toward the top in the list of search results.    In this episode of The Art of Dental Finance and Management podcastArt meets with Jeff Gladn...
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The number one challenge dental practices have had for years has been to find and retain good team members, and that is even more important given the COVID-19 pandemic.  In today’s episode of The Art of Dental Finance and Management podcast, Art speaks with dental consultant Sharyn Weiss about issues in hiring and compensating of dental team members. Art and Sharyn discuss why “competitive” compensation really does not mean anythi...

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Understanding the various influences affecting the markets will help dentists navigate any financial uncertainty. For peace of mind and financial security, it’s important to obtain guidance from experienced financial advisors who understand the complexities of market trends and economic indicators. Your advisory team will help you build wealth in the long-term, despite fluctuation.    In this episode of The Art of Dental Finance an...
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September 15, 2021 71 min
In this episode of The Art of Dental Finance and Management podcastArt speaks about the importance of having good communication about your finances. This includes open conversations regarding your philosophies about money, priorities, lifestyle, goals and living within your means to prevent debt.    Talking points should include:  ·       Earnings ·       Assets  ·       Debt ·       Budget ·       Philosophies about money  ·    ...
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