Dentist's Money Digest

Learn how Dentimax is helping dentists navigate the ins and outs of EHR incentive claims and the associated meaningful use guidelines.

People have been lending money to family members since money was invented. Relatives may lend funds to help start a business, pay for education or alleviate an emergency situation. Unfortunately, in my experience at Levin Group, many dentists have experienced financial setbacks and emotional stress after lending to family members who couldn’t pay them back.

Accounts receivable is often a significant part of a dental practice’s financial health. Due to common dental benefit practices and late patient payments, dentists are often owed a significant amount of money. Although carrying an accounts receivable balance is common and in many cases unavoidable, reducing the outstanding financial burden can improve cash flow and overall practice health.

Knowing about goodwill and the necessary attributes for the dentist's practice valuation can be critical in a divorce.

Psychology can play a major role in whether or not you succeed in meeting your retirement savings goals. Which of these lies do you tell yourself?

Britain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event - projections of crazy market volatility, wild headlines and a fair dose of uncertainty about the long-term impact on the global economy and our individual financial lives here at home.

Eight strategies that have helped dentists maximize their income and reduce taxes, in addition to other expenses. This in return allows additional monies to be working for them and their families.

In his debut piece for Dentist's Money Digest, blogger and anesthesiologist Physician on Fire shares the main reasons he's planning to retire early.

Embezzlement can happen in any practice. Even yours.

Gary Takacs sits down to talk to dentists about the three most important metrics in the dental practice … and how they can reach the right numbers in each of them.

All of us pay fees to our financial advisors and 401(k) plan administrators. But how much do those fees total over time? Comedian John Oliver decided to find out.

The new database is designed to save dentists time and money when dealing with insurance companies.

If you're getting to that point in your career where you begin to see retirement on the horizon, you need to take a moment and gauge whether you've got the right pieces in place to succeed in your post-career life.

A dental practice employee embezzles greedily from her employers. Why did she do it, and how can dentists ensure it doesn't happen to them?

As you plan for retirement, you'll need to set a series of expectations about what kind of money you'll have and what kind of lifestyle you'll need to fund. However, it's also important to expect the unexpected.

Why is measuring and preparing for seasonality important for dental practices? It could create major cash flow problems.

As a rule of thumb, a general dental practice should spend 59% of its revenue on overhead, says Dr. Roger Levin.

A new study from Bankrate looked at how much seniors are living on versus how much working-age adults earn. The data suggest most Americans will face financial hurdles in retirement.

The sooner you start thinking about an your retirement and exit from practice, the more options you'll have, according to an expert in the field.

You don’t want to be in the position of the New York dentist who was fined more than $5,000 for failing to present proper I-9 forms for employees at his dental office.

Worried? Frustrated? Overwhelmed? Immobilized? You may have had one or several of these reactions to the economic downturn of the past few years or as you think about selling your practice in the next few years. You might be asking what your next steps should be. Maybe you don’t have a financial advisor, or if you do, you might wonder if your current plan-or advisor-is really the best for you.

A conservative investment plan - paying excellent returns in good years and weathering not-so-bad losses in bad years - will serve dentists well, says Dr. Roger Levin.

Attrition is devastating to a practice, and not for the reason most practitioners think. Many assume that they are only losing revenue from one patient, and that there is always another new patient around the corner to make up the difference. However, loss of patients not only results in revenue loss but also in added expenses in marketing and onboarding new patients so the practice can maintain patient flow.

Why would a five-provider dental practice throw away over $300,000 in state subsidies that they were eligible to receive? Probably because they weren't aware of a federal program administered by individual states that has been around for five years now and has distributed over $30 billion to mostly medical practices while many dental practices have stood on the sideline.

It seems almost every day patients leave the practice to “think about” needed dentistry. Patients’ Path to Dental Care Purchases study surveyed patients who had made, or were planning to make, a dental care purchase that required an out-of-pocket investment. The study findings can provide insight into patients’ decision-making process and how dental teams can help patients accept needed dentistry without delay.

How prepared you are financially may be a big determinant of how satisfied you are with your post-career life, but it will not by a long shot be the only factor. And just like with financial planning, there are things you can do now to prepare yourself for life after retirement.

Real estate trends could have a major impact on the long-term growth of your practice. When signing a new lease, follow these tips to ensure you're well-positioned, geographically and financially.

Some myths just won't go away, and some are entertaining enough, in their own way. But the myths surrounding retirement can be anything but fun. Let's take a look at four common retirement myths and set the record straight.