Finance

Know your bottom line. Understanding and managing the financial health of a dental practice is more crucial than ever, especially in the competitive and regulated landscape of Canadian healthcare. “Knowing your bottom line” involves a clear grasp of the practice’s financial inflows and outflows, ensuring sustainability and enabling growth.  As a dental practice consultant, here …

Financial Management for Dental Practices Read More »

Cash flow management is not just an essential business practice—it’s the lifeline of your dental practice.  Effective control over cash flow ensures that your practice can comfortably meet its operating expenses, reinvest in its growth, and maintain financial resilience against unexpected economic fluctuations.  In the dental industry, where equipment and supply costs can escalate quickly …

Cash Flow: The Second Pillar of Dental Practice Success Read More »

Most people are never comfortable talking about their personal finances and even less so asking others to talk about theirs. Treatment Coordinators and administrators spend their days speaking with others about finances and very often they are asking people to go outside their comfort zone for fees for dentistry that the patient may or may …

Getting Comfortable Talking About Finances Read More »

Many offices find that Accounts Receivable are like a garden. If tended regularly, they are a pleasure. Untended, they become a jungle. Accounts Receivable (A/R) is more than the collection of monies for outstanding accounts. To ensure that your A/R’s stay up to date I suggest you look at the following areas in your practice …

Are your A/R’s looking like an Overgrown Jungle? Read More »