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. According to dental statistics on a national level, the average dental practice experiences employee turnover approximately every 18 months.