Graduated from your Dental School? Looking forward to starting your own Dental Practice? Opening a Dental Office as is one of the most lucrative options chosen by dentists these days. Opening a Dental Practice of your Own allows you to be your own boss, choose your own office hours and have a flexible work schedule. Starting a Dental Clinic of your own can be a challenge as well as a cherished dream at the same time. Starting a New Dental office needs upfront investment and planning. You need to be financially smart to turn your new Dental Practice into a profit making venture. Here is your step by step guide for starting a successful and flourishing Dental Practice of your own. Don’t panic. We have created the perfect package for you If you are a dentist starting a new practice, this package provides you with all the tools you need to start a Fast and cost effective successful business right from the beginning. The following services are available to you and will be customized based on your needs. The important factor is to set aside the clinical aspect of dentistry and focus on the business aspect of it. Making emotional decisions is the formula for disaster. Practice location (new or existing practice) There are 3 most important things in any business. “Location, location, location” our job is to evaluate the location of the new practice. Location popularity, name recognition, ethnicity, income, population, accessibility, or even something as unimportant as parking can make a difference in the outcome of the business. Escrow process/ Lease Negotiations Any transaction requires contracts and negotiations; our California licensed real estate agents will review all the contracts to make sure the process goes smooth. Also our staff will negotiate a lower lease and in some cases request lease improvements. Planning and construction/ remodeling, office design Budget assessment and allocation Obtaining permits, licenses (city permit, construction permit, occupancy permit, city license, business license, corporation filings, fictitious business name, dental board fillings, board of equalization sellers permit and use tax registration, Tax identification number, EIN number, DEA license, mal practice insurance, general/business liability insurance, workers comp insurance, life insurance, NPI numbers, EPA number, CPR, radiation machine registration, waste management, Air compressor permit, American and California Dental association and any other local association, banner and sign permits, all other insurances and permits that are necessary for operation which can vary based on city rules and regulations .) Insurances (life Insurance, General Liability, Malpractice Insurance, Worker’s compensation Insurance) Business name, Signage, Sign permit Equipment selection, Supply inventory/ Ordering, Accounts set ups with supplies and suppliers, Computer and phone systems Compliances (HIPAA, OSHA, MSDS, CPR and other manuals, logs and posters, emergency kits, spill kits, oxygen tank, nitrous, x-ray shields, material labeling, etc) Memberships, Associations Personnel (hiring, evaluating, training, support and follow up) Consulting , education and training for staff, treatment planning and presentation, up grading, additional income, scheduling, on hold message, forwarding calls/ after hours answering services, billing and coding assistance and training, maximizing production, Hygienist productions, customized office policy, eliminating collection losses and issues, Continuing education, training recommendation and registrations for doctors and staff Business services, accounting, payroll, bank accounts, credit card processing set up Marketing and advertising, website, logo design Insurance contracting and fee negotiations/ PPO’s HMO’s Plans, UCR fee set up Patient and office forms, consent form (all the necessary forms needed in the office including employee hand book, employee contracts, new patient forms, consent forms, regulatory compliance issues and manuals such as MSDS (Material Safety Data Sheets), HIPAA and OSHA, Hazardous material manual, office policy manual, all the necessary logs, spore check monitoring, etc Patient records and filing systems Customized office policy, Employee forms Billing and coding assistance and training, Marketing An important part of any dental practice is to obtain new patients. Our goal is attracting and maintaining loyal patients. Our marketing services include: Website construction or updating Search engine optimization Online directory updating and advertising Insurance contracting, insurance website updates.
