Smile Savvy: Unveiling Dental Merger Financing Options in the World of Finance
Dental mergers and acquisitions present unique opportunities for growth and expansion in the competitive dental industry. When considering a merger or acquisition, understanding the various financing options available is crucial to ensuring a smooth transition and successful integration. Traditional sources of financing, such as bank loans and SBA loans, have long been the go-to choice […]
Smile Bright, Tax Right: Demystifying Purchase Price Tax Allocations in Florida Dental Practice Sales
When the time comes to sell a dental practice in the Sunshine State, navigating the intricacies of tax allocations within the purchase price becomes a crucial consideration. Understanding how the purchase price is allocated can significantly impact both the buyer’s and seller’s tax liabilities, making it essential to strategize and plan accordingly. In Florida dental […]
Legal and Regulatory Considerations in Dental Mergers and Acquisitions
Introduction:In the dynamic landscape of the dental industry, mergers and acquisitions have become increasingly common as practices seek to expand their reach and improve their competitive position. However, these transactions come with a host of legal and regulatory considerations that must be carefully navigated to ensure compliance and success. 1. Understanding Regulatory Framework:Before embarking on […]
Unveiling Emerging Trends in Healthcare Fraud and Abuse in the United States
As the healthcare landscape continues to evolve, so do the tactics used by fraudsters to exploit vulnerabilities in the system. Understanding and staying ahead of emerging trends in healthcare fraud and abuse is vital for healthcare providers, insurers, and regulators to protect patients and uphold the integrity of the industry. In this blog, we will […]
Ensuring Practice Integrity: Restrictive Covenants for Dentists in Florida
In the dynamic field of dentistry, where innovation meets patient care, the concept of restrictive covenants plays a pivotal role in shaping professional relationships and safeguarding practice integrity. Particularly in the state of Florida, understanding the legal parameters surrounding restrictive covenants is essential for dental practitioners. These legal agreements, often included in employment contracts or […]
Dentist – Hygienist Licensure Compact
The Council of State Governments (CSG) has joined forces with the Department of Defense (DoD), the American Dental Association (ADA), and the American Dental Hygienists’ Association (ADHA). Together, they are facilitating the movement of licensed dentists and dental hygienists by establishing a new interstate compact. This agreement will establish reciprocity between participating states, thereby diminishing […]
Report: Dental Access Crisis in Florida
Florida’s citizens face a worsening crisis in access to dental care. Recently released data by the Health Resources and Services Administration (the “HRSA”) paints a bleak picture of dental care availability in the sunshine state. The lack of access to dental services not only poses a significant threat to the oral health of Floridians but […]
Cloud Practice Management Systems
Cloud practice management systems for dentists are revolutionizing the way dental practices operate, providing numerous benefits and advancements. These systems offer a range of features designed specifically to streamline administrative tasks, improve patient care, and enhance overall productivity. With the rapidly evolving technology landscape, it is imperative for dentists in the modern era to adopt […]
Dental Practice Sales: Patient Credits and Unclaimed Funds
When selling a dental practice, one critical aspect that requires attention is managing patient credits and unclaimed funds. It is essential to handle these financial matters responsibly to ensure a smooth transition for both the patients and the new practice owner. In this blog post, we will explore the key considerations and guidelines for effectively […]
Claims-Made vs. Occurrence-Based Malpractice Insurance
As a healthcare professional, obtaining sufficient malpractice insurance coverage is essential for safeguarding your career and protecting against potential liability risks. When exploring your options, you may encounter two primary types of malpractice insurance: claims-made and occurrence-based. Understanding the differences between these two coverage models is crucial in making an informed decision. You may not […]