If you’re in charge of your practice’s accounting, you’ve probably spent a bit of time researching ways in which to streamline things and smooth-out processes. Poke around the Internet for information, however, and it won’t be long until you start realizing that much of what...
It’s no secret that running a dental practice comes along with a multitude of different challenges. From hiring the right help to managing hectic schedules and everything in between, it’s often difficult to plan for logistical headaches that inevitably pop up from time to time....
Copayment waiver is when a dentist enters a fee on a claim that includes a copayment that the dentist never intends to collect, which makes the reported fee artificially higher than the dentist's actual fee charged. This causes the dental carrier to cover the patient's...
According to a recent study by the American Dental Association, dentists have reported the following signs that embezzlement was taking place in their offices. Commonly reported behavior of employees who embezzled: Employee was living beyond their means — evident in most of the case studies. ...
Answers from Bent/Erickson QUESTION: When an employee attends a continuing education event (CE), does that time count toward overtime? ANSWER: Yes. Travel time and seminar time are both considered “work” under the Fair Labor Standards Act (FLSA). All hours worked performing normal duties during the week the...
Tracking the numbers in your dental practice can add just one more task to your already overtaxed important things list. A bookkeeper trained in dental practices is the answer to your dilemma. Using the services of a CPA that is busy with the big stuff...
CareCredit acquires Citi Health Card portfolio February 24, 2017 “ADA members who use Citi Health Care for their patient financing will soon be moved over to CareCredit, endorsed by ADA Business Resources as the provider of patient financing for Association members. CareCredit announced Feb. 21 it...
What is Crime/Fidelity insurance? According to the American Dental Association from their publication at embezzlementada.org: “Employee fraud is a growing problem, and is no longer limited to manual workers or shop assistants stealing stock or petty cash, but increasingly features sophisticated frauds by well-paid and sometimes long-serving...
Most businesses have formal accounts receivable policies that dictate when to bill, how much to bill and when to collect. Unfortunately, not all businesses enforce those policies effectively – or even set up the correct process at all. This is very true of many dental...