Dental Practice Accounting & Consulting

In every industry, operating a business introduces responsibilities well beyond providing core services. For dentists, patient care is labor-intensive and limits the time available for managing a practice, much less navigating the added challenges of human resources, pandemic recovery and insurance issues.

For more than 50 years, our dental industry specialists have provided tax and consulting advice to support dentists at every stage of their careers. We help practitioners generate tax savings, create metrics and benchmarks that drive growth, boost efficiency and profitability.

Industry Insight that Drives Ongoing Success

Our deep knowledge of this sector equips us to help owners optimize the time they can devote to management. We guide practitioners in evaluating growth strategies ranging from market expansion, a merger or sale to boosting effectiveness through process and technology improvements. When the time is right, we help explore how to create a dentist-owned dental service organization (DDSO), dental service organization (DSO), multiple office structure or multiple owner structure.

Solutions that have a positive impact on practitioners’
profitability and quality of life

A Rare Data-Driven Approach

Unique in the industry, our approach leverages practice data and key performance indicators (KPIs), metrics, industry and proprietary benchmarks. Conducting a thorough practice analysis provides an understanding of operational, expense, billing and other key processes. Integrating financial information with practice management and bookkeeping software often reveals opportunities for strengthening efficiency and profit potential.

To enhance revenues, our professionals search for cash leaks that can be remedied and examine the alignment between fees and ADA CDT standards. They correlate procedures in search of unbilled services, potential reductions in overhead and expenses. Equally important is assessing whether employees are working at peak efficiency and if not, our advisors recommend solutions to optimize the work environment.

Our services include:

  • Associate Onboarding
  • Benchmarking and Metrics
  • Bookkeeping
  • Compensation Plan Optimization
  • Embezzlement Protection Services
  • Employee Incentive Plans
  • Estate Planning
  • Financial Guidance
  • General Ledger Analysis
  • KPI Analysis
  • Practice Overhead Analysis
  • Insurance Reimbursement Evaluations
  • M&A Due Diligence
  • New Business Formation
  • Operating Performance Improvement
  • Outsourced CFO Services
  • Personal Financial Planning
  • Practice Valuation and Practice Evaluation
  • Practice Acquisition or Sale
  • Retirement Planning
  • Risk Mitigation
  • Speaking Engagements
  • Tax Preparation Services
  • Tax Saving Strategies, Planning and Compliance

Dedicated to Practice and Data Security

The security and confidentiality of patient data are top priorities. Our specialists are qualified to serve as both HIPAA and PCI-compliant “business associates.” Not only do our clients benefit from the highest standards of data safety, but our cybersecurity advisors can also help strengthen protection against cyber breaches, hacks and other dangerous threats.

Trusted for Decades

Practice Leader David J. Goodman is a recognized thought leader in the industry, an original member of the Academy of Dental CPAs (ADCPA) and a frequent speaker at organization events. He is a regular contributor to publications, including Dental Economics, and spearheads the annual publication of Dental Practices by the Numbers, a highly-respected analysis of current trends in the dental profession.