Operating a dental practice is very expensive. Many times, the expenses are associated with workers’ compensation. Below are a list of guidelines and procedures that may help a practice owner reduce workers’ compensation costs and claim exposure:
There are many opportunities for employee embezzlement to occur in a dental practice. There are, however, certain steps you can take to help prevent employee embezzlement. You must be diligent.
Before you open your dental practice (or purchase a dental practice), you must have detailed office procedures in place.
The following are some possible topics to include:
Office procedures should address administrative tasks such as:
The single most important task that contributes to the success of a dental practice is hiring the right employee which is a process. If this is done correctly, your practice will certainly have a competitive edge. Considering the factors at play, from malpractice insurance to Hep B, and all other aspects will help streamline the process and allow you to focus on the task of employment and finding the best fit for your dental practice. According to dental statistics on a national level, the average dental practice experiences employee turnover approximately every 18 months.