Dr. Ryan Ritchie remembers what it’s like to be on the cusp of graduating dental school and faced with the question of consolidating loans. Back in 2007, before securing his first job as an associate, managing his finances, including his $217,000 student loan debt, was not top of mind for him and some of his peers, he said.… Read More »
The ADA Practical Guide to Valuing a Practice: A Manual for Dentists is a 114-page book available in the ADA Catalog that presents a balanced view of practice valuation for both buyers and sellers. It also provides guidance on buying an entire practice, a portion of a practice or a future buy-in. The manual (J060) is $49.95 for… Read More »
A new webpage on ADA.org dedicated to third-party payer advocacy is a one-stop-shop for members looking for resources on plan participation, legislative matters and how the Association can help members navigate various dental benefit issues. The webpage, ADA.org/dentalplans, includes information on member support for possible abusive practices by third-party payers; a complaint form; legislative advocacy on dental benefits;… Read More »
Keeping your practice up-to-date with the latest equipment and technology in an office that comfortably accommodates patients and staff is one way to stay competitive and keep growing. But how do you know when it’s time to update or expand – and how much you can afford to invest? One powerful indicator is practice cash flow. While it… Read More »
Editor’s note: This is the ninth article in a fall financial series of New Dentist Now blog posts from Darien Rowayton Bank, which provides student loan refinancing and is endorsed by the American Dental Association. Qualifying ADA members receive a 0.25 percent rate reduction to DRB’s already low rates for the life of the loan as long as… Read More »
Where is your next new patient coming from? Do you know why patients are loyal to your practice? How can you avoid losing patients to another practice? In an effort to help dentists answer those questions and to better understand and manage their practices, the Guidelines for Practice Success (GPS), a new resource for ADA members to help… Read More »