When the time comes to sell a dental practice in the Sunshine State, navigating the intricacies of tax allocations within the purchase price becomes a crucial consideration. Understanding how the purchase price is allocated can significantly impact both the buyer’s and seller’s tax liabilities, making it essential to strategize and plan accordingly. In Florida dental […]
Introduction:In the dynamic landscape of the dental industry, mergers and acquisitions have become increasingly common as practices seek to expand their reach and improve their competitive position. However, these transactions come with a host of legal and regulatory considerations that must be carefully navigated to ensure compliance and success. 1. Understanding Regulatory Framework:Before embarking on […]
As the healthcare landscape continues to evolve, so do the tactics used by fraudsters to exploit vulnerabilities in the system. Understanding and staying ahead of emerging trends in healthcare fraud and abuse is vital for healthcare providers, insurers, and regulators to protect patients and uphold the integrity of the industry. In this blog, we will […]
In the dynamic field of dentistry, where innovation meets patient care, the concept of restrictive covenants plays a pivotal role in shaping professional relationships and safeguarding practice integrity. Particularly in the state of Florida, understanding the legal parameters surrounding restrictive covenants is essential for dental practitioners. These legal agreements, often included in employment contracts or […]
The Council of State Governments (CSG) has joined forces with the Department of Defense (DoD), the American Dental Association (ADA), and the American Dental Hygienists’ Association (ADHA). Together, they are facilitating the movement of licensed dentists and dental hygienists by establishing a new interstate compact. This agreement will establish reciprocity between participating states, thereby diminishing […]
Florida’s citizens face a worsening crisis in access to dental care. Recently released data by the Health Resources and Services Administration (the “HRSA”) paints a bleak picture of dental care availability in the sunshine state. The lack of access to dental services not only poses a significant threat to the oral health of Floridians but […]
Cloud practice management systems for dentists are revolutionizing the way dental practices operate, providing numerous benefits and advancements. These systems offer a range of features designed specifically to streamline administrative tasks, improve patient care, and enhance overall productivity. With the rapidly evolving technology landscape, it is imperative for dentists in the modern era to adopt […]
When selling a dental practice, one critical aspect that requires attention is managing patient credits and unclaimed funds. It is essential to handle these financial matters responsibly to ensure a smooth transition for both the patients and the new practice owner. In this blog post, we will explore the key considerations and guidelines for effectively […]
As a healthcare professional, obtaining sufficient malpractice insurance coverage is essential for safeguarding your career and protecting against potential liability risks. When exploring your options, you may encounter two primary types of malpractice insurance: claims-made and occurrence-based. Understanding the differences between these two coverage models is crucial in making an informed decision. You may not […]
Innovation has permeated every aspect of our lives, and the field of dentistry is no exception. With breathtaking advancements in technology, the use of artificial intelligence (known as “AI”) has emerged as a game-changer in dentistry, just like it has in the law. Today, I want to briefly get into the exciting world of AI […]