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Welcome to the Art of Dental Finance and Management with Art Wiederman, CPA. This is the show that will help you to meet your personal and business financial goals through saving taxes, investing and planning wisely and managing your dental practice, so it can become as profitable as possible. Here is your host…CPA Art Wiederman.
179 Episodes
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In this episode of the Art of Dental Finance and Management, Art is joined by Perrin DesPortes, founder of The Next Level Executive, for a conversation about expanding your dental empire. Perrin provides advice for dentists who want to level up their practice by building additional locations — discussing who should (and shouldn’t) consider expansion, how to effectively lead a growing team, and why you need to identify and track key metrics about your practice.
In this episode of the Art of Dental Finance and Management, Art is joined by Nancy Coy, founder of Finance Rx Venture Studio, for an in-depth exploration of patient financing. Nancy discusses some of the most common mistakes dentists make when communicating financing options with patients. She also shares how implementing a financing system that is tailored to your patient base and treatment protocol can help your practice avoid regulatory challenges and dramatically increase your case acceptance rate.
Knowing the difference between buying and leasing a car and how to avoid common situations that might get you into a vehicle at a price you aren't prepared for.
It's important to start a new year on the right foot — especially when it comes to managing your finances and taxes. In this episode of the Art of Dental Finance and Management, Art explains how CPAs help their clients navigate the annual financial maze. From setting up salary schedules in January to planning for tax liabilities and retirement plans, Art shares valuable insights to help you navigate the complexities of financial planning.
In this episode of The Art of Dental Finance and Management, Art Wiederman and Kurt Oswell dive into the intricacies of retirement plans tailored for dental practices. They discuss the benefits of 401(k) profit-sharing plans, the flexibility of new comparability allocations, and the advantages of defined benefit and cash balance plans. Kurt explains how these plans can be customized to meet the unique needs of each practice, considering their employees’ demographics or financial goals. They also highlight the importance of working with experienced professionals to optimize retirement savings and ensure financial security for both the owners and their employees.
In this episode of the Art of Dental Finance and Management Podcast, Art Wiederman is joined by Justin Pattelaro, Wealth Advisor at Sequioa Financial Group, for a conversation on financial planning for dental professionals. Tune in to discover strategies for meeting your personal and professional financial goals, maximizing the impact of charitable giving, and setting yourself up for financial success in the new year.
In this episode of the Art of Dental Finance and Management Podcast, Art Wiederman is joined by Eide Bailly’s Director of Legislative Affairs Mel Schwarz for a conversation about the outcomes of the 2024 presidential election. From equipment purchases to pension plans, Art and Mel discuss potential shifts in tax legislation and how they may affect dental practices.
In this episode of the Art of Dental Finance and Management Podcast, Art Wiederman and Gene St. Louis dive deep into what it takes for dental practices to excel and achieve profitability. Their conversation covers a comprehensive range of topics, including the latest software and technology to streamline operations, essential leadership training to inspire and manage teams effectively, and strategies to create an exceptional customer experience that keeps patients coming back. Whether you’re looking to upgrade your practice’s tech stack or enhance your leadership skills, this episode is packed with actionable insights to help your dental practice thrive.
“If you want rockstars, you’ve got to have the right culture.” In this episode of The Art of Dental Finance and Management, Art is joined by Laura Nelson, founder of Front Office Rocks. Laura has drawn on firsthand experience as a front office manager to help practices nationwide elevate their culture and advance growth. Now, she’s sharing her insights with our listeners, discussing the critical role of customer service systems, the value of a positive work environment, and the importance of structured training for new employees. Tune in to learn how training a rockstar front office team can transform your dental practice!
In this episode of the Art of Dental Finance and Management, host Art Wiederman is joined by Brannon Moncrief of McLerran & Associates to delve into the complexities of DSO transactions. Whether you’re contemplating a practice sale or simply curious about the intricacies of these deals, this conversation covers essential topics such as the tricks DSOs might try to pull and the importance of having a sell-side advisor at the table when navigating a sale. Brannon and Art also discuss the current state of the private equity and DSO world, offering insights into what to expect when investing and transitioning in the dental space. Brannon shares how you can make the best decisions for your practice during exit — and avoid leaving millions on the table — by understanding your “why” and finding a buyer who aligns with your goals.
It’s no secret that dentistry has faced a drastic staffing shortage since the onset of the COVID-19 pandemic. The American Dental Association reported in 2022 that vacant positions in dental assisting and hygiene have reduced dental practice capacity by an estimated 10% nationally. In this episode of the Art of Dental Finance and Management, Art is joined by Holli Perez for a conversation about dental staffing. From crafting a successful job advertisement to building an effective onboarding process, Holli shares advice for attracting, hiring, and retaining new employees at every level — as well as some of the most common recruiting mistakes she sees in dental practices.
Approximately 39 million Americans suffer from obstructive sleep apnea. It’s a relatively common condition that can impact many areas of overall health — including oral health. In this episode of The Art of Dental Finance and Management, Art is joined by Dr. Dar Radfar for a conversation about the convergence of sleep science and dentistry. Dr. Radfar explains how practices and patients alike can benefit when sleep wellness is incorporated into dentists’ services. He also offers actionable advice for implementing sleep apnea treatment in your dental practice.
In this episode of The Art of Dental Finance and Management, Art is joined by Dr. Martin Mendelson for a conversation about the transformative power of positivity, specifically in dental practices. Dr. Mendelson shares his personal journey from dentist to coach and the mindset shifts that allowed him to turn a devastating diagnosis into a fulfilling career. Dr. Mendelson introduces the concept of T.E.A.M. — how our Thoughts drive our Emotions, which drive our Actions, which Manifest our results. He also discusses the importance of curiosity and open communication in creating a positive workplace culture.
Janice Hurley has helped practices across the country increase their profit margins by decreasing their dependency on outside insurance plans. In this episode of The Art of Dental Finance and Management, Janice walks Art through the five things any dental practice must consider before dropping an insurance plan, as well as how to prevent losing patients during the transition. Listeners of the podcast are encouraged to email Janice at jhurley@janicehurley.com for a chance to win a free copy of her book, Dental Image Branding: How to Create Optimal Patient Impact.
“Today is the first day of the rest of your life. There's nothing you can do about all the days before today.” In this special 200th episode of The Art of Dental Finance and Management, Art reflects on his 40-year career as a dental CPA — including how he got to where he is today and where he hopes to go next. Art encourages listeners to do the same and shares his advice for becoming not just a more successful dentist, but a happier, more fulfilled person. Thank you to our listeners, creative partners, sponsors, and everyone else who has made this milestone possible!
Social media is no longer a nice-to-have for dental practices; it’s a must-have. In this episode of The Art of Dental Finance and Management, Art Wiederman is joined by author and social media marketing specialist Rita Zamora for a conversation about leveraging social media to attract patients, recruit employees, and build trust. Rita shares best practices for what, when, and how to post for the maximum impact. Listeners of the podcast are encouraged to email Rita at rita@ritazamora.com for a special offer.
In this episode of The Art of Dental Finance and Management, host Art Wiederman is joined by acclaimed dental attorney Ali Oromchian for a conversation about human resources in dentistry. Ali shares the most common HR mistakes he sees in dental practices, as well as advice for avoiding legal challenges, maintaining compliance, and fostering a positive work environment. Art and Ali also discuss some of the most pressing issues in dentistry today: artificial intelligence, hybrid work, and an aging workforce.
In this episode of The Art of Dental Finance and Management, host Art Wiederman welcomes dental attorney Jason Wood to discuss crucial legal considerations for practices thinking about selling to a Dental Service Organization (DSO). They cover who should (and shouldn’t) consider selling, common mistakes and how to avoid them, and essential pre-sale factors to ensure a smooth and profitable transition. Tune in for helpful advice on navigating the DSO partnership process and making informed decisions for your practice.
More than two thirds of Americans do not have a proper estate plan in place. In this episode of the Art of Dental Finance and Management, Art is joined by attorney Joshua Meier for a conversation about the importance of estate planning — particularly in the dental profession — and the key individuals and documents involved in developing an estate plan. Art and Joshua also discuss common challenges and misconceptions in estate planning and how to address them.
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