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Starting a New Dental Practice Checklist Initial concerns Decide if you want to start a brand new practice or buy into an existing one Sketch out a business plan Arrange financing Buy or lease office space Plan out your specialties and services Decide practice hours and holidays Human Resources Hire a lawyer & an accountant Put out advertisements to hire Check applications and references Complete license verification, interview candidates and hire Fill out employment eligibility I-9 forms and check policies & benefits Take support from human resource solutions to make sure everything is in order Begin training and orientation Insurance policies Get Life insurance Professional liability malpractice insurance Disability income insurance Workmans compensation ERISA bonds Business loan protection insurance Business overhead expense insurance Entity malpractice insurance Business owners protection insurance Employment practices liability insurance Data breach insurance Obtaining Finances Establish credit accepted and pricing Become a provider listed with major insurance providers Obtain required equipment, hardware and software for accepting payments Consider payment plans you will offer Make arrangements to accept cash (banking, safe, change and so on) Secure accounting assistance as needed Setup state and federal taxes and acquire IRS tax ID number Clinical Requirements Stock up on supplies Ordering affordable dental supplies was never this convenient - Buy equipment and schedule installation Choose and partner with a dental laboratory Hire medical waste management service Consider the amenities youd like to offer your patients and in the waiting area Determine software needs for finances, call tracking, appointment schedules, billings and coding

Risk factors you may be able to change There are some types of risk factors that you can take steps to change