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Important Considerations When Forming Dental Partnerships

Forming a dental partnership is a significant step in any dentist’s career. It involves combining skills, resources, and visions with other professionals in the field. This collaboration can lead to enhanced patient care, shared responsibilities, and potentially, a more prosperous practice. However, the process of forming a partnership requires careful consideration and planning. Always consult…

Types of Dental Partnerships

If you’re a dentist looking to join forces with others in your field, it’s important to understand the different types of partnerships available. Each type offers unique advantages and operates in a way that can significantly impact your practice and professional journey. If you are deciding whether to enter a dental partnership, always consult an…

What Is an MSO and a DSO? 

In dentistry, two acronyms often pop up: MSO and DSO. For dentists and dental professionals, understanding these terms is key to effectively handling the business side of their practices. Let’s break down what MSOs and DSOs are and how they can play a role in the success of a dental practice. Consult an experienced MSOs…

Why Dentists Should Hire a Dental Lawyer When Leasing Out Office Space

When running a successful dental practice, finding the right office space is as important as having the best dental equipment. However, leasing office space can involve potential legal pitfalls. This is where a dental lawyer can help. Let’s cover why hiring a dental business lawyer is a wise decision for dentists when leasing office space.…

Is a Dental Partnership Right for Your Practice?

Making the choice to enter a dental partnership is a significant decision that impacts the trajectory of your dental practice. It is essential to consider the factors that can influence this decision. As a law firm primarily serving dental professionals, Wood & Morgan is committed to guiding our clients through the complexities of dental partnerships.…

Building Successful Dental Partnerships: Key Strategies for Dental Professionals

The idea of a dental partnership carries with it the promise of shared resources, collective skills, and a united approach to navigating the evolving dental landscape. By understanding the key factors to build a successful dental partnership, dental professionals can amplify the rewards while minimizing the challenges.  Here are some goals for dental professionals to…

Identifying Fraud in Dental Practice Acquisitions

Completing a dental practice acquisition is a significant milestone for dentists. Closing these transactions can be time-consuming, expensive, and complex. Additionally, the buyer takes on significant business risk associated with transitioning another person’s business. And part of this risk relates to insurance fraud. While dentists are supposed to adhere to the highest ethical and legal…

5 Benefits of Having a Dental Attorney on Retainer

As a dental professional, staying informed about the ever-changing legal landscape is essential to protect your practice and reputation. To ensure you have expert guidance readily available, having a dental attorney on retainer can prove to be a game-changer. In this blog, we will delve deeper into the five key advantages of having a dental…

Lawyers for Dentists: Who Are They? What Do They Do?

The legal and dental industries are different in many ways, but similar in an important aspect: there are generalists and specialists. In the dental industry, there are general dentists and the various subspecialties of dentists focus on certain types of patient care. In the legal industry, there are general attorneys, usually solo practitioners and those…

What is a Group Purchasing Organization (GPO)?

Introduction A Group Purchasing Organization (GPO) serves as a conduit for businesses to achieve cost savings by leveraging collective purchasing power. In the dental industry, GPOs play a pivotal role in helping dental practices reduce their operational expenses. However, joining a GPO is not always a simple process, and may present challenges like limited options,…

Choosing the Right Dental Attorneys: Key to Successful Business Transactions

In the business world, selecting the right advisors is vital for success. They serve as your trusted guides, steering you towards prosperity and away from potential hazards. Think of them as strategic advisors, bringing their unique blend of care, effort, and expertise. Making the right choice of advisors can completely transform that way you handle…

A Dentist’s Guide to Business Services Agreements with DSOs

As the dental industry evolves, more and more dentists are turning to dental service organizations (DSOs) as a way to help streamline their practices and increase their profitability. But with any business transaction comes risk and reward.  To ensure that your practice is getting the most out of its DSO transaction, it is essential to…