We are still in the first quarter of 2018 and already we’ve seen enough stomach churning volatility in the stock markets to last the whole year. The month of January was euphoric, with both the Canadian and US market indexes hitting new highs. Then February crashed the party, sending stocks tumbling very hard and very … Read more
Humans are emotional beings. They have survived and thrived through the centuries by trusting their gut instincts, regardless of the prevailing logic. These deep-rooted behaviours have helped in many instances but have also become a burden in important situations. The field of behavioural finance was developed in the early 1970’s to try and explain why … Read more
Our firm was recently asked by a bank to measure the return on investment of an Investor Dentist™ acquisition. Specifically, they wanted to know the annualized Return on Investment (ROI) for the absentee owner (hands-off) dental practice investment model. This request was due to a failure of an unrelated i-Dentist™ who was unable to meet … Read more
Account Manager, Eugene Chu, talking about buying a dental practice in this week’s Best Practices video. Eugene gives the 3 factors you MUST think about if you’re buying a dental practice. He’ll go into great detail about WHY Billing, Chart Lists and Recommendations are crucial elements to keep in mind while looking around. Watch last … Read more
Wilson Chen takes us through another video discussing student debt – something we’re all too familiar with. In this edition of Best Practices – Financial Management, we get a lesson in the stock market, and it could be a beneficial option or a risky choice. Watch last week’s video: Where to Hold Your Debt
Understanding your student debt from dental school is one thing, but do you understand what to do with it? Wilson Chen takes this video to explain your options for handling your student debt. Watch last week’s Best Practices video: Top 2 Tips for Buying a Dental Practice with David Chong Yen Get the basic information … Read more
In this financial video, David Chong Yen, chartered accountant, talks about two of his biggest tips when buying a dental practice: 1. Synergy and 2. Realizing Value. His biggest advice: “Control risk.” Watch last week’s Best Practices video: 3 Keys to a Successful Associateship Bought a new practice? Here’s how to make it successful: 7 … Read more
Patient care shouldn’t be the only area of dentistry you concern yourself with. Financial management is a key factor to running a successful practice and seeing a thriving future. Eugene Chu goes through some important information you, as dentists, need to know. Watch last week’s video: Digital Dentistry and Your Patients with Uche Odiatu Find … Read more
[newcomjwdfp id=”BRRpibvt-GEWIrHLo”] David Chong Yen shares his best advice for dentists looking to run their practices without running low on cash. Fresh out of dentistry school? Watch “The 411 on Your Student Debt.”
Are you a dentist suffering from financial stress? Want learn how to handle it better? As a dentist, everyone around you will know that you earn pretty well. What they might not know is that dentists, despite the notion that they have one of the best paying jobs, are also susceptible to financial stress. Here … Read more
There are over 9000 dentists practicing in Ontario. Each have built a loyal following of patients who think that she/he is the “perfect” dentist. Therefore, it can be a confusing exercise to choose a dentist that is right for you and your family. Finding the perfect financial advisor is much like finding the perfect dentist. … Read more
There are many key milestones in a dentist’s practice and personal life. One such milestone for the average dentist I know occurs when you turn 58. It is the day you actually start living your retirement plan. That’s because the average dentist I know is out of dentistry by age 62. Therefore, until age 58 … Read more
Today’s unpredictable, uncertain and rapidly changing world demands that more attention than ever be paid to you mental health, physical health and ”fiscal” health. Here are three steps you can follow to improve your fiscal health: 1. Responsibility – You have a certain amount of responsibility for your own financial wellness. No one can do … Read more
A recent article in the New England Journal of Medicine summarized various initiatives in the US to improve the delivery of cancer care by examining all procedures (including drugs) for: safety, effectiveness, patient-centeredness, timeliness, efficiency, and equity. The thrust of this assessment is to improve treatment outcomes, to pay for those procedures and drugs which have … Read more
Each day in North America, about 11,000 Baby Boomers retire. Most have no dental plan, most are taking more than 3 medications daily for chronic diseases and thereby are experiencing dry mouth, and most have all of their teeth with lots of gum recession. This is a perfect storm for 2 things: dental decay at … Read more
A new review of dental studies found that traditional risk factors for caries in adults are wanting in terms of accuracy. The best conventional predictors are recent experience with this disease and salivary concentrations of Streptococcus mutans; but even these, when used singularly are not robust. Because major payers of dental services are starting to … Read more
More studies are showing that a small segment of the community needs medical care on an ongoing basis. This pattern is called persistent care and it seems to be associated to those with more than one chronic condition. It may well apply to the chronic diseases in the mouth too. Our surveys report that 1 in … Read more
A recent article in the New York Times resurrected an old chestnut: the affordability of dental care in an aging population. Have a look below at how the NY Times’ cartoonist sees this issue! Enough said This got me thinking about a recent chart published by the American Dental Association, which shows how the aging … Read more
NEA, Renaissance Dental celebrate Read Across America by asking students to grab their hats and read with the Cat WASHINGTON, Feb. 2014 – The Cat in the Hat is back, and he’s revving up his engines to get kids excited about reading—and brushing their teeth! This year’s official Read Across America celebrations will start in Seuss-tastic … Read more
BRITISH COLUMBIA, ONTARIO, NOVA SCOTIA. YOUNG CANADIAN AWARD WINNERS FROM ONTARIO AND QUEBEC. Winners of 2013 Ernest C. Manning Innovation Awards were announced today by Ernest C. Manning Awards Foundation President Jennifer Diakiw. (www.manningawards.ca) The 2013 winners, from British Columbia, Ontario and Nova Scotia, share $145,000 in prizes. The 2013 Young Canadian Award winners from … Read more