The collection’s discussions, review articles and guidance cover all aspects of running a dental practice, from creating an annual business plan to achieve practice success to fostering employee engagement and retention and understanding the practice evaluation process.
When offering refunds to dental patients, it is essential to have clear policies and procedures in place. Refund policies should be communicated clearly to patients, so they understand under what circumstances refunds will be offered and what documentation may be required.
A breakdown in communication is often the underlying factor in negative online reviews, lawsuits or complaints. TDIC’s Risk Management analysts explain how a confirming communication climate in the dental office reduces risk and share ways to create one.
The IRS has warned that predatory businesses offer filing assistance for large fees to businesses that are not actually eligible to claim Employee Retention credit. Dentists should consult with a trusted tax preparer or advisor before claiming this credit.
CDA encourages its members to take a proactive approach to employee meal and rest break compliance. Doing so requires an understanding of the regulations involved and communicating with employees about them.
Guidelines for behavior should exist when practice team members interact with one another outside of the office. TDIC’s Risk Management analysts encourage dentists to promote high standards of behavior inside and outside of the office by clearly defining professional boundaries.
Whether you’re considering purchasing or starting a dental practice, hiring an associate, bringing on a partner or selling your practice, knowing which steps to take will help ensure a smooth transition. Read this Q&A with the experts and learn more at an upcoming workshop.
Prioritizing job duty training over educating new employees about crucial office policies can lead to miscommunication and increased risk of misconduct. Minimize risk by documenting your practice’s employment policies, with resources from CDA and TDIC.
In 2020 alone, The Dentists Insurance Company’s Risk Management Advice Line received 18,018 calls from dentists seeking support to navigate practice challenges. It’s a number that illustrates the myriad conflicts dentists navigate today as well as the need for tools to help them de-escalate potential crises.
The following tips can help you reduce stress and maintain a healthy team dynamic.
The first step to better efficiency in a dental practice is staying on a budget. Dentists, as small-business owners, need to make sure their practices are successful and, as health care providers, need to be able to provide care to their patient base. Creating an organized budget can help a dental practice accomplish both of these things.