Assess & Measure Your Hygiene Department [Podcast]

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Hygiene Practice

Episode 012

Doctors Business Management Show

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Are you maximizing your Hygiene Practice? Productive, Profitable Dental Practices always have a productive hygiene department.

Your Dental Hygienist is an important member of  your team in assisting your patients with their oral care.  Under the new government health reform, which includes mandatory oral health benefits for children and young adults up to 21 years old, the role of your hygienist will continue to evolve and expand.  In addition to the role of your Hygienist and the work they do for your patients, the business aspects of this segment of your business are also very important to the overall profitability and success of your practice.  In this episode, Mike and team members, Mary Millar, RDH, BS, and Ben Lane CPA, JD discuss Measuring Key Hygiene Department Business Components to improve the bottom line of your Dental Practice.

What's good for Your Patient, is good for Your Practice. - Michael L. DeVries, CFP®, CHBC, EA Click To Tweet

 

Providing Staff Evalutions for Your Office Staff

Any conscientious healthcare business practitioner for various reasons can easily overlook evaluating office staff. Two basic reasons are: one, it is extra work; and second, many doctors simply believe that all is working well in their offices and do not want to “rock the boat”.  Yet, it is very important for you to know that your office is operating as efficiently as it can, and with a well-planned, routinely conducted staff evaluation program, you can achieve several advantages.

Accurately Evaluating Your Office Staff

Don’t be Fooled by Fake IRS Communications

5 things you should know about phishing scams

Be aware that fraudsters are trying everything they can to obtain your personal or business financial information.  I received a call from a doctor client who indicated that she received an e-mail from the IRS stating that they were due a refund for taxes paid.  The e-mail looks legitimate as even indicates an official looking reply to address – office@irs.gov.  The body of the email states the following:

Phishing Scam Warning Sign

Business Intelligence – Using Your Data to Manage Your Practice [Podcast]

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Episode 011

Doctors Business Management Show

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In this episode, Mike DeVries & his guest, Nate Moore, discuss Using Business Intelligence. Using data from your Medical Practice to Manage Your Business Better. The YouTube Video below is a video recording of the show in which you can see the example reports that were discussed during the show.

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Review Your Interest Rates

4 things to check if you refinance your adjustable rate loan

Interest rates have been low over the past many years, which has been most advantageous for utilizing adjustable rate loans. Experts say that interest rates will be on the rise this year – an easy prediction given where rates are currently; how can you go wrong? A better prediction would encompass how quickly the interest rates will they rise? I figure why take a chance; why wait?

Interest Rates

Is your Medical or Dental Practice ready for EMV?

Be ready by October 1, 2015

October 1, 2015, all businesses that accept in-person credit card payments must be able to accept new EMV-compliant credit and debit cards, or risk being responsible for card fraud losses.

EMV Credit Cards

Overtime Changes – Fair Labor Standards Act

3 Action Steps to Take Now

On July 6th, the Department of Labor announced a proposed rule that would extend overtime protections to nearly 5 million white-collar workers within the first year of its implementation. What impact might this have on a medical or dental practice?

Filling the weekly time sheet for payroll

4 Tax Planning Tips & Ways to Avoid Tax Scams [Podcast]

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Tax form operating budget and stopwatch in closeup

Don’t Wait – The Time to Start Tax Planning is Now

Episode 009

Doctors Business Management Show

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In this episode, Mike DeVries & Co-Host, Ben Lane discuss 4 Tax Planning Tips that you can do now and through-out the year as well as Ways to Avoid Tax Scams.  The following are notes based upon our discussion.

4 Tax Planning Tips

  1. Don’t Wait – Start Organizing Now
    • Use a Simple Tax Folder to organize your information during the year
      (I purchased this one from Amazon – Tax Folder)
    • Track your financial activity with computer software
      • I use Quicken – Click Here – (I use an older Mac Version)
      • Ben likes Mint – Click Here
      • Or, simply use a spreadsheet program like Excel
      • Use a system, even if it is a manual system
  2. Prepare a Life Inventory
    • Click Here – for a copy of my “Life Inventory” Worksheet
  3. Prepare a Personal Financial Statement
  4. Schedule a Date with your Tax Preparer
    • Be proactive in reviewing your tax estimates through-out the year

Ways to Avoid Tax Scams

  1. Fraudulent Phone Calls
    • IRS will contact you by correspondence first
    • IRS will not ask you to use a credit card
    • IRS will not threaten you with an arrest by the local police department
    • Treasury Inspector General’s Hotline 1-800-366-4484 Website http://www.treasury.gov/tigta/
  2. Phishing Scams
    • Don’t click on suspicious links
    • Keep your passwords updated
  3. ID-Theft and Fraudulent Returns
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Mike DeVries is a CERTIFIED FINANCIAL PLANNER ™, Enrolled Agent,  and a Certified Healthcare Business Consultant focusing on helping healthcare professionals. If you would like to learn more about becoming a client, contact Mike at www.vmde.com.