Posts Tagged ‘Dental’
What Do the 2025 Contribution Limits Mean for Dental Retirement Plans?
At a glance Schedule a consultation The full story: The Internal Revenue Service (IRS) raises contribution limits for retirement plans every year due to inflation. For 2025, the contribution limit has increased to $23,500 from $23,000 in 2024. The new contribution limit presents excellent opportunities for dental practice owners and practitioners to save more for…
Read MoreFrom Student to Success: A Young Dentist’s Journey into Small Town Practice
In the second installment of real life stories in concurrence with our eBook, “Making the Case for Small-Market Dentistry,” we hear the story of two fourth-year dental students (let’s call them Sam and Pam) who visited a dental practice in Tennessee to investigate its sales potential. The county only had two dentists at the time,…
Read More2024 Year in Review Dental Economic Update
Coming into the year, the consensus was that we were likely headed toward a recession. However, inflation has continued to come down and the economy has been more resilient than anticipated, driven by consumer spending. In this economic update, you’ll hear valuable insights from Aprio’s Dental and Wealth Management leaders on what dental practices could…
Read MoreCase Study: Continuity Through Change | Transition Strategies in a Family-Owned Dental Practice
You may automatically assume that compared to larger cities, small towns and rural areas are not ripe for practice transition opportunities, simply due to the fact they have lower population density; you may even assume that smaller towns aren’t as profitable as big cities. But the truth behind both of those assumptions may surprise you…
Read MoreImproving Practice Production by 10%
By Roger P. Levin, DDS Dentists: would you believe me if I told you that you could increase your practice production by 10%? The strategy is relatively simple and even allows some practices to increase production by 30%–50% within three years. So, why doesn’t everyone do it? How to improve practice production The first question…
Read MoreDental Practice Valuation Guidelines: Understanding Perceived vs. Actual Value Drivers
At a glance: Schedule a consultation today to learn more The full story: In the first segment of our article series on dental practice valuation, we covered the situations, methodologies, and approaches you can use to understand the fair market value of your dental practice. Remember that fair market value is the price at which…
Read MorePractice Valuation: How Much Is Your Dental Practice Worth?
At a glance: Schedule a free consultation today The full story: What is your dental practice worth? If you don’t know the answer to that question, you’re not alone. It can be hard to quantify the value of a business that has grown from years (possibly even decades) of blood, sweat, and tears. But, at…
Read MoreHow Workflow Technology Can Improve Dental Practice Performance
By Roger P. Levin, DDS Like many fields, dentistry has been the beneficiary of new technological advances. In the past 15 years, tech and tools have improved and emerged, creating breakthroughs in clinical care and patient outcomes. At the same time, those technologies can be expensive and can increase practice overhead if dentists do not…
Read MoreMid-Year 2024 Dental Economic Update
The concept of “normal” or “new normal” has undergone a dramatic shift post-pandemic. Being able to adapt to the new normal is essential for a dental practice’s survival, and proper financial planning is more crucial than ever in today’s ever-changing landscape. Having a solid financial plan can reduce operational anxiety, help you navigate uncertainty and…
Read More6 Dental Insights from Q1 2024 and What They Mean for You
The labor market is changing and affecting dentistry. Dental office job postings on Indeed.com have declined by 12.5% over the past year while wage growth rose in 2023 for dental hygienists, indicating that there is a rising demand for high-quality professionals. Conversely, dental assistant wages mostly declined. We see tighter labor conditions, indicated by a…
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