myCPE
myCPE

Tips on CFO consulting with Dentists 1 Credit

Feb 22, 2024, 04:00 PM ET

Tips on CFO consulting with Dentists 1 Credit

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Feb 22, 2024, 04:00 PM ET

Learning Objective

  • To discuss financial concepts and principles of a dental practice.
  • To analyze three key financial elements that help break down the dental practice’s financials.
  • To explain to dentists how they can make quicker, more informed decisions.
  • To discuss the importance of CFO in dentists who own their practice.

Course Overview

As a dental professional, you know it takes more than just money to run a successful practice. Reinvesting in your practice and helping it grow requires time, commitment, and money. As a dental practitioner, you want to spend your time seeing patients, not developing the best marketing strategy and optimizing the back end of the business. Fortunately, you can ensure things go smoothly in your practice without interrupting patient care or spending an exorbitant sum hiring a full-time dental CFO.

As a company that specializes in CFO consulting exclusively for dentists, we’ve worked with hundreds of dental practice owners all over the US. If you’ve worked closely with dentists who own their practice, you know that it can be a challenge to provide consulting advice that leads to action. Dentists are hard-working, intelligent, and driven business owners. But they are also confrontation-averse, hyper-analytical, and avoid risk like the rest of us avoid going to the dentist! 

In this CPE webinar, we’ll review three key financial elements that help break down the practice’s financials—the way the dentist wants to see them—so they can make quicker, more informed decisions. 

With the help of this CPE Finance course, you’ll be able to provide a level of insight into their practice that nobody else has ever shown them—and the best part is you can use them universally across all your business clients.

If you’re interested in adding fixed-fee advisory income to your firm, this CPE webinar is for you.

Key Topics Covered: 

  • Diagnose & Treat
  • Profitability Formula
  • Three Dials
  • Cashflow through a dental practice
  • Burn Rate(Net Cash) Flow Chart
  • Average Daily Burn Rate

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Daniel Richards
Daniel Richards

Founder, CFO Dental Partners

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Daniel Richards founded CFO Dental Partners in 2015.  Headquartered in Eagle, ID; CFO Dental Partners provides outsourced CFO and accounting services exclusively for US-based privately owned dental practices.  He and a team of 12 support over 50 practices across the country and consult for study groups and associations nationwide.  He has been published in Dental Economics, a dental magazine that reaches over 100,000 dentists.  He currently resides in Meridian, Idaho with his wife and 5 children.  He also loves to golf, run, and is a big-time foodie.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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JK

Jackie Kong, CPA (US)

My son is an aspiring dentist and awaiting acceptances from dental schools. When i told him about this course, he got interested. He confirmed some of the instructor's stats on dental offices!

MO

Melissa Oduor, CPA (US)

Helpful high level insights to dental practices financial needs!

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Inclusions
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    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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    Credit Tracker

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