@ASDAnet #ASDAnet Private Practice and Post- Residency No Brainers –License –Malpractice –Nitrous / Sedation Level PRN Thinkers –Contract / Compensation –Calendar / CE –Attire: Professional / Scrubs / WC –Equipment
@ASDAnet #ASDAnet No Brainers License –Active and displayed Malpractice –$1mill / $ 3mill Occurrence –Employee held Nitrous / Sedation Level PRN –Training for staff
@ASDAnet #ASDAnet How do I know what I’m worth?
@ASDAnet #ASDAnet Contracts and Compensation Employee / Independent Contractor Full-time / Part-time Length of Contract (yr+) Compensation –daily rate –% collections / production –+/- lab bills Ownership / Completion of TP Paid working interview PRN
@ASDAnet #ASDAnet Contracts and Compensation Non-compete New patients 90 day walk away Benefits (short-term disability) 401(k), IRA, Profit Sharing, Bonuses Vacation / Sick Organized Dentistry Dues CE Budget Fringe Benefits –Clothing, Cell, Gas, Tolls
@ASDAnet #ASDAnet Student Loans Find, organize, and educate –Amt, time, rate, federal, fixed Repayment –6 months post registered graduation date Refinance –Fixed or variable, shorter periods –No early payment penalty, fixed rates –No federal protection, or IBR Largest expense every month*
@ASDAnet #ASDAnet Budget for Ebbs and Flows Pediatric Dental Office Example Summer – Busiest Pedo Sept – Children back in School December – Holidays January – New Insurance Benefits Spring – District/State Testing How does this affect expenses? Affect Cash flow?