Managing Your Hygiene Department

In a dental practice, the hygiene department is one of the most important teams in your practice, and managing your hygiene department is a must have skill for any dentist.

Karen Davis, owner of Cutting Edge Concepts, joins the Edwards and Associations team in this episode of Beyond Bitewings to discuss what dentists should know about hiring, managing, leading, and utilizing their dental hygienists.

In this episode, they discuss why the dental hygienist team is often underutilized, and why dental practices are often missing the mark on one of the largest problems regarding our health, periodontal disease. Teams must understand the dental practice’s approach to the diagnosis of periodontal disease treatment. Plus they all need to be on the same page when working with patients.

Other topics that are discussed are when to know the right time to bring in a hygienist and a hygiene coordinator, and where are some of the best places to find the right talent. They also discuss why leadership is one of the most important skills for the dentist in a dental practice, yet it’s something many aren’t working hard to build.

For more information on Karen’s company and managing your hygiene department, you can visit: https://karendavis.net/

If you would love to see your question answered on a future podcast, contact Edwards and Associates. Or contact any excellent ADCPA affiliate across the nation at www.ADCPA.org 

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Frequently Asked Questions

The Edwards and Associates team is back answering some frequently asked questions. They’re kicking this episode off with one of the biggest questions they get about car buying and some of the biggest misconceptions when using your car as a tax deduction. 

Also discussed in this episode is why putting your kids on your payroll could be beneficial and what you need to do to avoid raising any red flags.

Plus they cover what dentists should understand about buying multiple practices, like what you should know when proceeding with starting the second practice, why utilizing the same bank for all of your locations could be a very wise move, and why dreaming of someday owning 10 practices might not be what you really want (even though you think it is). They offer some great advice based on what they’ve seen their clients struggle with when taking on this pretty difficult goal. 

Another topic covered is business personal property tax, these aren’t just random letters that come in the mail, they’re for real! The team breaks down what this tax is all about and what you need to know. 

And of course, last but not least, they talk about implementing a 401k in your practice. 

If you would love to see your question answered on our next frequently asked questions podcast, contact us. Or contact any excellent ADCPA affiliate across the nation at ADCPA.org.

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Dental Practice Transitions

Dental Practice Transitions

Should you start a dental practice from scratch or buy one with existing patients, and more importantly, existing cash flow? It’s the main question that new dentists ask, and one that should be considered heavily before jumping in.

There are many things to consider when it comes to dental practice transitions, and the team from Edwards & Associates is discussing some of the important things you need to look for when considering either buying a dental practice or starting a dental practice from scratch.

The good news is that the failure rate for dental offices is very low, so either decision can be a good one, and lenders usually look favorably upon someone needing money for a dental practice.

In this podcast, the team weighs the pros and cons of each, and what the important factors are when deciding to purchase vs. startup. They discuss what you should consider when building a practice from scratch. Plus they talk about what you should be considering when purchasing a practice, and why patient count isn’t the most important number.

Before you start down the road of purchasing or buying, this is a must-listen!

Blog Mentioned In This Podcast – What Went Wrong Wednesdays:  https://www.adapracticetransitions.com/blog/what-went-wrong-wednesdays-3-contract-issues-that-got-expensive

Have a question? Contact Edwards & Associates to get your question answered and possibly featured in a future podcast. Or contact any excellent ADCPA affiliate across the nation at ADCPA.org.

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When to Add Providers

When is a good time to start adding providers to your dental practice? Trying to time when to add a hygienist or an associate doctor can be overwhelming–hoping you have enough patients but not waiting until it’s too late. 

This is one of the biggest questions the team at Edwards & Associates are asked by their clients, and one they’re answering in today’s podcast.

As companies are looking ahead to a post-pandemic world, they’re trying to figure out the best time to bring new providers on board. But there are many questions to answer when hiring a hygienist, an associate doctor, or any other staff. 

In this episode, Edwards & Associates discusses: How to know when it’s time to bring in an associate or hygienist. With hygienists in short supply, is there a day of the week that’s better if you can only hire one part-time? How much can you expect a hygienist to help you produce? Should you hire your new team member as an employee or contractor? And, what happens if your staff requires a Visa? 

Have a question? Contact Edwards & Associates to get your question answered and possibly featured in a future podcast. Or contact any excellent ADCPA affiliate across the nation at ADCPA.org.

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Employee Retention Credit

CARES Act, PPP Loans, Employee Retention Credit, understanding the rules between these relief programs and offerings can be an overwhelming task. Making things more difficult are the constantly changing rules.

In this episode of Beyond Bitewings, the Edwards & Associates team brings some clarity to the Employee Retention Credit changes. They discuss what the changes mean for those who may have missed out on the original application and what you may be able to qualify for because of the new updates.

They dive deep into understanding what type of companies may want to re-visit applying for the Employee Retention Credit and also break down some of the specific qualifications.

Most business owners will find analyzing their situation and applying too overwhelming to do on their own, so make sure you consult with your CPA to help navigate these changes and determine what’s best for your situation.

Have a question? Contact Edwards & Associates to get your question answered and possibly featured in a future podcast. Or contact any excellent ADCPA affiliate across the nation at ADCPA.org.

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How To Lead A Team

Buying a dental practice does not automatically make you a great leader. Many dental practice owners find themselves in a predicament where not only do they need to learn how to build a practice, but more importantly, they need to learn how to lead a team so their practice will thrive.

In this episode of Beyond Bitewings, the Edwards & Associates team welcomes Dr. Sharon Tiger, a nationally known practice management consultant and business coach to dentists. 

Dr. Tiger discusses what dentists need to learn to become great leaders, important factors to understanding leadership in dentistry, and why you shouldn’t be worried if you’re not a natural-born leader.

She also discusses why creating great job descriptions can help you build a more effective team, how you can create a culture within your dental team, why setting goals is so important to any practice, plus how you can learn to communicate better with your team, simply by practicing and making it a habit. 

If you would like to get in contact with Dr. Tiger, please email her at TXTiger2@gmail.com

Have a question? Contact Edwards & Associates to get your question answered and possibly featured in a future podcast. Or contact any excellent ADCPA affiliate across the nation at ADCPA.org.

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Preparing For The Next Pandemic

Preparing for the next pandemic, sound scary, right? We would probably all prefer to forget about 2020! But as hard as it was, it taught us that you can never be too prepared for the unexpected. 

In this episode of Beyond Bitewings, the Edwards & Associates team discusses what dental practice owners can do to prepare themselves for the next catastrophe. The next significant event may not be a pandemic. It could be something much more local, like a flood. No matter how large or small, it’s important that you have the resources and capabilities to handle it.

How much cash should you have on hand? Are there opportunities to cut costs, and how aggressive should you be with those cuts? What are other areas you should analyze when trying to plan for a significant event? These are just some of the questions answered in this podcast so you can be preparing for the next pandemic.

Have a question? Contact Edwards & Associates to get your question answered and possibly featured in a future podcast. Or contact any excellent ADCPA affiliate across the nation at ADCPA.org.

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Beyond Bitewings: How To Hire the Right Dental Staff

“I have to hire dental staff.” Hiring can be a challenging event for any dental office, and it may sometimes feel like a hit or a miss when it comes to finding the right staff. However, it doesn’t have to be such a burden or a guessing game.

In this episode of Beyond Bitewings, the Edwards & Associates team welcomes Linda Allen, a Management Consultant for dental practices across the nation. Linda focuses on helping dental offices hire the right dental staff and guides them in creating atmospheres and opportunities to help keep those valuable team members onboard.

Linda discusses the current challenges with staffing for dental offices in addition to specific issues that have arisen because of COVID. She also talks about what to look for in potential staff members to make the absolute best hire.

This episode features discussion on topics like developing great interview questions, the importance of a working interview, understanding how to lead a team, plus so much more. If you’re looking for ways to hire smarter and build a better team, this is the episode for you.

Have a question? Contact Edwards & Associates to get your question answered and possibly featured in a future podcast. Or contact an ADCPA affiliate at ADCPA.org.

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Beyond Bitewings: Understanding New PPP Rules

 

Almost one year ago PPP was an acronym no one knew, and now it’s a source of everyday conversation. As 2021 offers hope for a new year, it also offers some new PPP rules for PPP loan forgiveness, payback, and a new opportunity to receive more help for businesses that suffered from losses in 2020. Could you use help understanding the new PPP rules?

In this episode of Beyond Bitewings we break down what dental business owners need to understand about the new rules, the new programs, how to know what’s available for them, and how to move forward with the new applications in addition to the PPP Loan Forgiveness Applications.

Before you try to get forgiveness from last year’s PPP loan or attempt to apply for new money in 2021, make sure you listen to this episode for help understanding the new PPP rules.

Have a question? Contact us to get your question answered and possibly featured in a future podcast, or contact any of our affiliates from the ADCPA.  

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Beyond Bitewings: Lending Environment

 

 

The thought of loans can cause a lot of stress, especially when building and growing your dental practice. What’s the best loan? Has the lending process changed considering the pandemic? And are banks making it harder to obtain dental practice loans? It always helps to know your lending environment.

These are just some of the questions we answer in this episode of Beyond Bitewings.

We discuss the questions lenders ask when trying to obtain dental loans in a world after the shutdown.

Plus we cover basic questions like should you get a home loan first or a business loan first and other topics that could save you thousands on your taxes like simply knowing who to list as the borrower on the business loan.

Before you take out a new loan or pay off any existing loans in today’s lending environment, be sure and listen to this podcast.

Already a fan and want bi-weekly episodes auto downloaded to your listening device, then subscribe today!   

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Want to talk to someone at Edwards & Associates? Contact us, we would love to hear from you!

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Beyond Bitewings: PPO Reimbursement Rates

Insurance can be a necessary evil in the world of dentistry, and if dentists are doing their own negotiating of reimbursement rates, they could end up overpaying as much as 20 – 25 % for PPO programs.

In this episode of Beyond Bite Wings, the Edwards & Associates team welcomes Shelley DeGroff of PPO Advisors. Shelley, having over a decade of experience in the dental industry, knows the ins and outs of working with insurance companies to get the best rates for dental offices.

They discuss many frequently asked questions such as when is the right time to bring in someone like Shelley to look at PPO contracts. How does a specialist like Shelley help with PPO negotiations? And what kind of savings can they expect? Plus, how has COVID changed the way dentists are looking at both taking on and dropping insurance?

To get in touch with Shelley, you can visit the PPO Advisors Facebook Page
https://www.facebook.com/PPOAdvisorsLLC

Their website
https://ppoadvisors.com/

Or you can email Shelley directly
shelley@ppoadvisors.com

If at any time you would like to talk to someone at Edwards & Associates, please feel free to email us at info@eandassociates.com, we’d love to hear from you!

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Beyond Bitewings: Lease Negotiations

When it comes to leasing dental offices, many dental office owners will seek help when negotiating their initial lease but fail to put in the same amount of effort when it comes to renegotiating their lease renewal. This can be a big mistake.

In this episode of Beyond Bitewings, the team at Edwards & Associates talks to Evan Reynolds of Dental Space Advisors who helps answer some of the biggest questions dental business owners have.

They discuss how to negotiate a lease renewal for a business, and the important factors that need to be considered when you’re working with your landlord. Plus they talk about why bringing in someone like Evan can be so crucial in helping you work out the right terms.

They also talk about the pandemic, and what it means for negotiating a dental office lease, whether it’s new or renewing. Can free rent be considered? You’ll need to listen to find out!

Would you like to connect with Evan and his team? Visit: DentalSpaceAdvisors.com Or MedicalSpaceAdvisors.com

Or you can email Evan at:  Ereynolds@dentalspaceadvisors.com

If at any time you would like to talk to someone at Edwards & Associates, please feel free to email us at info@eandassociates.com, we would be happy to help!

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Marketing Your Dental Practice

Marketing your dental practice can be an overwhelming task. Understanding where to best spend your marketing dollars and how to measure results is crucial for the success of your practice.

Eric Hubbard and Andre Santos of Pain Free Dental Marketing join the Edwards & Associates team to talk about some of the biggest marketing questions and struggles dental practice owners have.

In this episode, you’ll hear why content is king, why you should treat your practice’s social media different from your personal accounts, and why understanding your demographic is crucial to attracting new patients to your dental office.

You’ll also hear the answer to the two biggest questions. How much should spend on a marketing plan, and what kind of timeline can you expect to see results?

If you’re looking to get the most out of marketing your dental practice, then this is a can’t miss episode. 

We are happy to help answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time or give us a call at 972.267.9191.

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Beyond Bitewings – 2020 Tax Planning

It’s hard to imagine, but 2020 is already almost over, which means it’s time to start making sure your dental practice tax planning is tied up for 2020.

Many dental offices are finding themselves with more cash in the books, and they’re wondering what they should do with it. Plus, everyone is trying to understand the guidelines for the loans, grants, and unemployment paid during the shutdown. Some of rules around these will not change (i.e. unemployment), and some of the policies are evolving and changing daily.

In this episode, the team from Edwards & Associates discuss where the current guidelines stand when it comes to tax planning and what you need to know as you figure out how to best spend and save your money for 2021.

The team discusses the tax implications from PPP loans and what will be forgiven, other loans, HHS grants, unemployment, and loan distributions from retirement accounts.

They also discuss a few things that you can do right now to get yourself set up for the end of the year and maximum dental tax deductions, including purchasing equipment, potentially adding children to the payroll, and getting your retirement accounts set-up and contributions added.

We understand that tax planning, especially for this year, can all be very confusing and are happy to help answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time or give us a call, and we are happy to help you navigate through your next steps.

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Welcome To Beyond Bitewings

 

 

In this episode, the team at Edwards and Associates discusses why Beyond Bitewings was created and what you can expect in upcoming episodes. 

We know running a dental office isn’t easy. In fact, dentists are taught to be great at their craft, but they’re not taught about the business of dentistry. This podcast aims to help educate dentists on business matters, ideas on how they can run their business more efficiently, and to inform about general issues and current events.

Plus, you’ll be on the inside track of how the firm works together to discuss and brainstorm common scenarios brought up by clients and the best way to tackle those and create dental business solutions.

We hope you’ll join us every other week for a new episode, as we’ll have a combination of guest episodes and episodes with our team. 

We would also love to hear from you and answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time, and we may even have your question on the show!

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Beyond Bitewings – COVID Update

As we wrap up 2020, many dentists are wondering how they can optimize the money they received through various grants and loans because of COVID. In this episode of Beyond Bitewings, the Edwards & Associates team discusses the loan forgiveness status and strategies for making sure you’re best prepared for whatever may come in 2021.

There are a lot of questions about PPP loan forgiveness, and the team covers everything you need to know about the timelines for rules for applying for forgiveness of the loan, how and when you needed to spend the money you received, and why the rules of forgiveness aren’t quite yet 100% clear.

The team also discusses the EIDL payment payback.  EIDL stands for the Economic Injury Disaster Loan, and why paying back this loan right away might not be the best decision as we enter 2021.

The third thing they discuss is the HHS stimulus payment and what you need to know when it comes to paying this back in addition to preparing your taxes for 2020.

We understand that these can all be very confusing and are happy to help answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time or give us a call, and we are happy to help you navigate your next steps.

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