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The Dental Blog

  Should I lease, buy or build to suit?  That is a question that many physicians consider.  The idea of making payments to a facility you own as opposed to paying rent to a landlord can certainly be an attractive option for some who have the financial wherewithal. That said, it tends to make sense if the payments you are making and your related tenant improvement investment are equivalent or less than what you would pay leasing from someone else and -- even more importantly -- that you have an exit strategy (e.g., future sales potential with appreciation in value as an added bonus). There are many factors to consider when making the decision to lease or own.  An attorney, accountant, banke…

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by Thomas Cooper, with Thomas M. Cooper & Associates As I have mentioned in past articles, many clients wait a little too long to consider an associate transition. The folks who put off the investment of a properly designed transition plan, don't realize that they ARE making a transition; what I call a "transition by default". This occurs when a doctor's schedule and new patient growth begins to slow and the practice wealth gradually declines over time.  By the time this doctor is ready to think about bringing an associate aboard, there is very little practice wealth to transition; or for the owner doctor to sell. This is why I encourage folks to start early. This doesn't mean that ev…

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Written by: Fred Heppner, with Arizona Transitions Dental practice acquisitions and sales require the right strategy using sensible guidelines that will result in a successful transition. Surely it is important to find the ideal practice to purchase and that the practice has the cash flow sufficient to provide a good living and service debt. Negotiating a fair and reasonable transition and ensuring the terms and conditions of the negotiations are well documented in the acquisition contract and related documents are vital.  Once basic terms and conditions of the acquisition are agreed upon, the next step is to craft a Letter of Intent. The rationale here is to put in writing the terms and c…

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Written By: Ken Briggs,   J.D., with Milligan Lawless, PC Most dental practices are subject to the Health Insurance   Portability and Accountability Act of 1996 ("HIPAA"), which   restricts how practices can maintain, use, or disclose patient information.   The number of complaints and investigations relating to HIPAA has risen year   after year. Given this enforcement environment, dental practices should   periodically review HIPAA-related policies, practices, and other documents to   ensure continued compliance. The following list highlights notable aspects of   the regulations for those dental practices subject to HIPAA.    The regulations implementing HIPAA have recently b…

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The King Cake

Mar 17, 2014
Last month I attended a seminar in New Orleans.  Now as all of you know, business travel sounds glamorous but the reality is most of us fly in the night before the seminar.  It’s dark when you land and the next morning you get up and go to meeting rooms for three days and when you take a cab to the airport the light hurts your eyes.  But this year I decided to fly in on Saturday since I had never been there.  My husband took me to the Court of Two Sisters for brunch which proved to be a great learning experience.  They served foods like alligator and turtle; things I assumed normally served as handbags or bait!  But at the end of this buffet was a King cake.  It was large, gooey, and general…

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