What You Need to Know About Starting a Dental Practice Key takeaways: Starting a dental practice from scratch allows full decision making in all aspects of the business. Dentists starting a new practice may face a high risk of failure, unplanned expenses and increased competition. Having professional support and a clear plan can help your …
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Starting a Dental Practice vs. Buying an Existing Practice Key takeaways: Buying an existing dental practice: Advantages include being able to work immediately, avoid patient acquisition, have knowledge of historical financials, and receive mentorship. Disadvantages are a potential need for updates, inherited practice culture and reputation, and previous management adjustments, Starting a dental practice: Advantages …
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Pros and Cons of Public Service Loan Forgiveness for Doctors Key takeaways: PSLF offers significant financial benefits to those employed full time by non-profit and government entities. Many doctors can get a headstart on fulfilling the required 120 PSLF payments while in residency. Those who pursue PSLF may encounter limited qualified employment options. Some doctors …
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Key takeaways: Start the process with a team of experts to assist you. Once the purchase is finalized, don’t wait to create a legal business entity, obtain insurance and other essential business tasks. Remember the end goal: serving patients. If you are considering dental practice ownership, you have likely thought about whether buying a dental …
Owner vs. Associate: What to Know When Considering Dental Practice Ownership Key takeaways: Private practice dentistry owners often receive higher pay and more benefits than associates. Dental practice ownership has decreased in the last 15 years. Dental practice ownership can be incredibly fulfilling, personally and financially. Dental practice ownership can be incredibly fulfilling and beneficial …
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Three Ways Dentist Salary and Benefits are Different at Corporate and Private Practices Key takeaways: Private practice dentists earn more over time. Private practice dentists are more likely to be paid a salary. Corporate dentists are more likely to receive retirement and health insurance benefits. Preparing for a career in dentistry means more than just …
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Four Insurance Tips Every Doctor Should Know The past couple of years have left many of us with anxiety, fear and doubt. These trying times have helped many realize the importance of being prepared for unforeseen circumstances. Insurance is one of the most concrete ways to help yourself and your family be ready, no matter …
What is going on with student loans for medical, dental, and veterinary school? On March 27, 2020, the CARES Act was signed into law. The $2 trillion piece of legislation provided the first set of sweeping relief measures early in the COVID-19 pandemic. One of the hallmark pillars of the CARES Act was …
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Obtaining your loan payoff statement is a necessary step to refinance your student loans. It can be a hassle, so we’ve simplified the steps to make it as easy as possible. First, you will need to determine your current student loan servicers. Then you’ll need to understand what’s in a loan payoff statement to ensure …
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What Can I Use a PRN Personal Loan For? Becoming a medical professional such as a physician, dentist, or veterinarian is an extremely rewarding career path. But it can also be financially draining as you complete your schooling and transition into residencies and fellowships for several years. While the long-term earning potential is high, the …
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