Category Archives: New Dentist Finances

Financial strategies for a new practice

As you set up your practice, it’s important to focus on the needs of your patients. But remember, you’re also starting a business and need the expertise of specialized advisors, according to the ADA Center for Professional Success. At the very least, you should start with a qualified CPA, an experienced financial advisor and an organized office manager.… Read More »

DRB, ADA loan refinancing offer extends to residents, graduate students

In an effort to help ease the burden of student debt on dental residents and graduate students, the ADA announced this month a new program through its exclusive endorsement of Darien Rowayton Bank. The new program could result in savings in the tens of thousands of dollars, on average, in interest to all ADA members, including dental residents… Read More »

New dentists gain experience, pathway to financial freedom

Dr. Brenden Moon didn’t start out with public health dentistry in mind, but following his third year of dental school at the University of Mississippi School of Dentistry, he learned about a new dental center opening in Carthage, Illinois. A rural town of about 2,700, Carthage was close to where his mother lived and the soon-to-be-open Hancock County… Read More »

Loan consolidation plans for new dentists

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 »

Why does everyone talk about lifelong learning?

Continuing education. What do you think of when you hear dentists talk about CE? Does it stress you out thinking about finding the ethics course that you need to fulfill your CE requirement? Do you have flashbacks of sitting in a dental school lecture? Your first few weeks as a young dentist can be a wake-up call —… Read More »

ADA resources to help new dentists learn more about buying and financing a practice

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 »