Dental and Medical Counsel Blog

Plan Your Exit Strategy Before It’s Too Late

By Ali Oromchian Esq

If you are the owner of a dental practice, you inevitably have to consider the long-term vision of your business. This can include self-evaluations of your practice, whether you want to sell and when, as well as the impacts each of these decisions might have on your finances. As these can be life-altering choices for your future and retirement, you should consider a number of thoughts along the way.

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Posted on 04/03/2019 at 10:31 AM

How to Recognize Red Flags When Buying a Dental Practice

By Ali Oromchian Esq

If you are in the market to purchase a dental practice, there are a number of things you will need to know about the search process. Whether you are new to the buying game or a seasoned professional, being prepared in advance is the best way to go. By understanding the red flags discussed below and why they are of importance, you will soon be ready to continue forward with the purchase process.

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Posted on 03/27/2019 at 10:16 AM

How Data Breaches Affect Dental Practices

By Ali Oromchian Esq

As technology evolves so do the risks to a dental practice especially when it comes to HIPAA and other related security breaches of sensitive data. When you own a dental practice, a data breach occurs when there has been unauthorized access to data that is confidential which includes information such as patients’ social security numbers, names, addresses, birth dates and more.  Most data breaches are sourced from several types of events: criminal attacks, system vulnerabilities or human error.

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Posted on 03/20/2019 at 10:38 AM

Why an Employment Manual is Vital to Your Practice

By Ali Oromchian Esq

When creating and maintaining your dental practice, it is pertinent that you have everything in order as a means of protecting all aspects of your company. Taking such care is in the best interest of you as the employer, your employees, and your workplace. One of the first items you should create to assist you with this is an employment manual. A company manual clearly lays out and highlights all responsibilities, benefits, and policies that involve all parties in your practice.

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Posted on 03/13/2019 at 01:29 PM

Social Media and Off-the-Clock Posting

By Ali Oromchian Esq

With social media’s prevalence in our society, many dental practices are left feeling victim to scathing social media postings. Many doctors wonder if they can discipline employees for what they do on their own personal social media accounts?

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Posted on 03/06/2019 at 10:13 AM

Three Tips for Hiring and Keeping the Best Dental Associates

By Ali Oromchian Esq

As every good practice owner knows, the right dental associate can truly make or break your business. Associates can help you grow your revenues, allow you more time off to do the things you enjoy, and increase your team’s energy, among other things

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Posted on 02/27/2019 at 10:00 AM

Why Fighting an Unemployment Claim Might Not be Worth the Trouble

By Ali Oromchian Esq

When terminating an employee from a dental practice, every employer must be prepared to deal with the potential consequences. Regardless of whether you have documented the cause for termination, every terminated employee may exercise their right to file for unemployment benefits. While a former employee has an absolute right to file for these benefits, that does not necessarily mean that the claim will be an easy win for either party or that you should even oppose it. In fact, in many cases, it is more advantageous to simply forfeit your participation in these disputes. Discussed below are several reasons why fighting unemployment claims might not be worth the trouble.

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Posted on 02/20/2019 at 04:04 PM

Does It Make Financial Sense to Build a New Dental Practice?

By Ali Oromchian Esq

One of the most common questions I receive from young doctors is whether it makes financial sense for them to be a practice owner.  The answer may seem obvious to some who already own a practice but when you are faced with high student loans and other debt, it is reasonable to worry about taking even more loans to become a practice owner.  

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Posted on 02/13/2019 at 10:00 AM

Defense in Professional Board Matters

By Ali Oromchian Esq

Imagine that you have a successful dental practice. You serve your patients to the best of your ability; you try to go above and beyond for them. Then one day, you have an encounter with that patient, or there happens to be some sort of incident or accident. What happens next? Below is a high-level look at the way professional board matters work and how to seek to resolve them. 

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Posted on 02/06/2019 at 11:38 AM

Legal Ramifications of Dental Practice Buy-Ins and Partnership Agreements

By Ali Oromchian Esq

Dental practice buy-ins and the partnership agreements they often require can be challenging issues for any practice, and carry with them a number of potential problems and legal ramifications for the unprepared. Understanding the legal aspects of practice buy-ins and partnership agreements will encourage you to solve problems even before they start. Like any change to a business, preparation is key. Once you have completed your due diligence, valued the practice, and agreed upon a purchase price and financing structure, a partnership agreement will need to be agreed upon and drafted.

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Posted on 01/30/2019 at 09:00 AM

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