The Dental Wealth Nation Show with Tim McNeely

🎙️🦷 Welcome to The Dental Wealth Nation Show with Wesley Sierk! 🎉💼

In this episode, titled "You Can Make It, But Can You Keep It?", we dive deep into the world of dental insurance and wealth management for dental professionals. Join our knowledgeable host, Tim McNeely, and our esteemed guest, Wesley Sierk, as they share their insights and strategies to help you safeguard your hard-earned wealth 🏦✨💰

🔍 Discover how to navigate the complexities of insurance policies, including professional liability, business interruption, cyber liability, and more. Uncover the key factors that determine whether a company can be considered an insurance entity for tax purposes, and learn how to maximize your insurance coverage while minimizing gaps and exclusions. 💡✅📚

Explore innovative concepts like captive insurance and difference in conditions policies, and understand how they can transform your expenses into profit centers. Find out how to protect yourself from potential lawsuits, audits, and fines, and gain valuable insights on tax-saving strategies for dental practices in community property states. 🏥⚖️💼

Get inspired by success stories of dental professionals who have utilized captive insurance companies to fight legal battles, recover withheld payments, and protect their assets. 🏆🛡️

Whether you're a dental entrepreneur, a practice owner, or simply someone interested in the dental industry, this episode is packed with knowledge, tips, and actionable steps to help you secure your financial future. 📚💪💡

Tune in now to The Dental Wealth Nation Show and join the conversation that's reshaping dental insurance and wealth management! 🎧🌟💼🦷

🎙️ The Dental Wealth Nation Show: 🦷💰 Improve Your Practice's Financial Health with Membership Plans & Eli Salls! 💪

Looking to take your dental practice to the next level and boost your revenue? Join us on The Dental Wealth Nation Show as we dive into the missing piece of the puzzle for improving your practice's financial health – membership plans! 🏥💸

In this episode, we have the pleasure of hosting Eli Salls from Clear, who will guide us through the ins and outs of implementing successful membership plans. 💡✨ Eli shares valuable tips and strategies to revitalize your patient market, increase hygiene appointments, and enhance your practice's collection percentage. With the right membership plan and patient financing tools, you can significantly improve production and ROI. 💼💯

Discover how Kleer Intelligence, a cutting-edge software integration tool, simplifies payment posting, tracks growth metrics, and helps you reengage dormant patients. 🚀📈 Plus, learn the secret behind creating tailored plans that strengthen patient relationships and generate more revenue. With Eli's expertise, you'll gain the knowledge and support needed to navigate the world of membership plans with ease. 🤝🔍

Tune in to The Dental Wealth Nation Show and transform your practice's financial health today! 💪🎉💼 Don't miss this episode packed with insights, encouragement, and hope for a prosperous future in dentistry. 🌟

Click the link below to schedule a consultation with an account manager and start maximizing the potential of membership plans for your practice. 📅💡💰

https://go.lifestoneco.com/kleer

#DentalWealthNationShow #MembershipPlans #FinancialHealth #EliSalls #ClearIntelligence #DentalPodcast #PracticeManagement #RevenueBoost #DentistrySuccess #PatientCare #ROI

Description

🎙️ Looking to build a successful dental practice? Welcome to The Dental Wealth Nation Show! 🦷💼 

In this episode, join us as we discuss the simplified process to realize your vision with dental architecture expert, Mohsen Ghoreishi. 💡✨

Covering topics like budgeting, vision alignment, and the importance of a well-designed physical environment, this episode is packed with valuable insights for dental professionals. 🏢💸

Discover how to determine a realistic budget, differentiate between must-haves and nice-to-haves, and ensure your office reflects your unique identity and the patient experience you want to provide. 🎯👥

We also delve into the challenges faced by doctors in the dental industry, from building intimate client relationships to attracting top talent. 🤝🌟

Whether you're just starting out or looking to revamp your practice, join us on The Dental Wealth Nation Show as we explore the journey from dental dreams to lasting success. 🎉💼🦷

Key topics: dental practice, budgeting, vision alignment, dental architecture, physical environment, patient experience, dental industry challenges, building client relationships, attracting top talent, dental dreams, lasting success.

💡 Speaker bio

Mohsen Ghoreishi, a man deeply connected to his Persian heritage, is the embodiment of integrity and reliability. Inspired by the deep-rooted meaning of the word "Cohen" in Farsi, he chose this name for his firm as it represents his vision for the present and future. With a rich understanding of the ancient culture and traditions, Mohsen aims to create a lasting impact by providing meaningful and valuable services to his clients. He believes in the importance of upholding timeless values and ensuring that his work remains valid and impactful throughout the ages. Mohsen Ghoreishi is committed to making a lasting difference in his field, guided by his unwavering belief in the power of integrity and everlastingness.

🧞‍♂️ Discussion questions

1. What are some factors to consider when determining a realistic budget for a dental practice?
2. How can an architect help in creating a vision for the patient experience in a dental office?
3. Why is it important for a dentist to have a clear vision for their business?
4. Can you share an example of a client who didn't consider long-term implications when it came to their office size? What were the consequences?
5. What are the necessary professionals and advisors that a dentist should work with when starting a practice?
6. How can renovating a dental practice space, even without major changes, improve the overall environment?
7. What are the key issues to consider when buying an existing dental practice?
8. What factors should be taken into account when selecting an architect for a dental project?
9. How does having an attractive physical environment impact a dental practice in terms of attracting new patients and professionals?
10. How does a dentist's vision impact other aspects of their practice, such as cost and time?

🎞️ Clip finder: Quotes, hooks, and timestamps

The Joy of Dental Design: "Because it is new every time, it is joyful. And, the amount of care the doctors have on patient experience is amazing."
— Mohsen Ghoreishi [00:06:26 → 00:06:31]
The Importance of Architects in Dental Practice Design: "what an architect does, the architect, takes this suite, takes the shell, the space, or built the environment, and it's really vision where when you walk in, you can capture the patient experience without, without an architect, you can't do then everything becomes quite a bit of cookie cutter because everything is designed on a flat plane. You have to think be able to think three dimensionally. and of course, be if you're a talented architect, then you can put parts and pieces together where the look looks good, and it is the vision of the dentist or the provider. the vision is a big deal that the architect can bring to life."
— Mohsen Ghoreishi [00:09:17 → 00:10:00]
The Importance of Vision: "Vision is a big deal and it's important because it impacts other things. it impacts dollars. It impacts time. that's that's why vision is very important."
— Mohsen Ghoreishi [00:12:33 → 00:12:47]
The Importance of Having a Clear Vision: "vision has 2 parts. So one is you're starting to practice and what is it? How do you see yourself in 5, 10, 15 years from today?"
— Mohsen Ghoreishi [00:13:44 → 00:13:53]
Budgeting for a Dental Practice: "You don't have to build a Taj Mahal to have a beautiful office. You could really have a simple, beautiful building with a low budget, but you have to know what it takes to have that."
— Mohsen Ghoreishi [00:19:05 → 00:19:13]
Building Your Dental Practice: "Your dental architect becomes one of the most important people that you can talk to and to basically help you bring the team together."
— Mohsen Ghoreishi [00:27:19 → 00:27:28]
The Importance of a Unique Office: "Well, it only matters if the doctor is really it's important for doctor to have a office which portrays himself and talks about who the doctor is, what kind of services he what kind of patient experience he or she wants to give to their patients. If that is important to them, if they are, they want to be unique, then that should matter, and they need to look for that."
— Mohsen Ghoreishi [00:32:00 → 00:32:28]
Renovating Your Practice: "You could simply refresh, like you said, change the carpet, put a new coat of paint, maybe change couple of, you know, various different decorative lights, and bring a whole new life to the space."
— Mohsen Ghoreishi [00:42:54 → 00:43:06]
Choosing an Architect: "You may wanna talk to some of the clients they've had to see the process, to see if how was the process from the beginning to end and how the architect or an institution treated you and worked with you from the 0 to occupancy."
— Mohsen Ghoreishi [00:46:05 → 00:46:22]
The Importance of a Welcoming Physical Environment in Dental Practices: "If you have a state of the art technology, if you have a beautiful environment, you will attract some of the best dentists to come over and become your associates. Those are the ones that actually can eventually take over the practice."
— Mohsen Ghoreishi [00:51:12 → 00:51:23]

Welcome to The Dental Wealth Nation Show with Tim McNeely! In this episode, Tim is joined by Jason Schneller, the regional director of project loans at Provide, to unpack the intricacies of dental practice startup lending. 

This insightful discussion delves into the essential steps and resources required for dentists looking to acquire a practice. Jason emphasizes the need for meticulous research, understanding the available options, and the importance of seeking guidance from mentors and professionals, such as lenders, realtors, and consultants. 

Delving into the lending process, Jason elucidates how Provide uses a prequalification process involving soft credit inquiries and essential questions to gather information about a doctor's credit score, personal debts, liquidity, licensing, and production.

The episode spotlights the efficiency of Provide's streamlined online lending process, which delivers a loan approval typically within 7 business days for a startup. Jason further discusses how the lender collaborates closely with realtors to define a budget and find an appropriate space for the dental office, emphasizing the significance of speed in securing loan approvals to enable the timely commencement of practice operations.

Throughout the conversation, Jason addresses common roadblocks faced by dentists seeking ownership, dispelling misconceptions regarding loan requirements and collateral. He highlights the specialized lending options available in the dental industry, underscoring how specialized lenders cater specifically to healthcare professionals and can lend 100% of the construction and equipment costs without requiring personal collateral beyond the practice itself.

The episode also explores the changing landscape of starting a dental practice over the years and the importance of building a knowledgeable team to guide dentists in realizing their practice vision and brand, even before they have a space.
Listeners are encouraged to consider the statistical success of dental practices and the benefits of ownership, along with the importance of seeking specialized advice to maximize net worth and make a meaningful impact.

Join Tim McNeely and Jason Schneller in this engaging episode as they provide valuable insights into the dental practice startup lending process, ownership benefits, and the significance of teamwork within the dental industry.

🎙️🦷 Discover the secrets to building wealth and success in the dental industry with Dental Wealth Nation Show! 💰💼 Hosted by Tim McNealy, this podcast is your ultimate guide to creating a lucrative and fulfilling life as a dentist. 💡✨ In episode 0084, "Family Business Succession - An Overview for Owners and Heirs," we dive into the critical topic of business succession planning for family-owned dental practices. 🤝👪✅

🏛️📝 Lack of a solid succession plan can lead to family conflicts and jeopardize the legacy of your practice. Discover why successful family businesses prioritize and take succession planning seriously, and learn valuable insights to smoothly pass on your business to the next generation. 🌟

📈 With the transfer of family-owned businesses expected to increase in the coming years, it's essential to know the key questions to consider when deciding to continue the business as a family enterprise or sell it. 💡🔑

👥🗣️ Join the conversation as we uncover the little-known advice and strategies used by successful individuals and families, aimed at maximizing net worth, taking care of loved ones, and making a positive impact on the world. 💪❤️

🎯👨‍⚕️ If you're a dentist looking to build a successful and abundant life, this show is a must-listen! Tune in to Dental Wealth Nation Show and visit dentalwealthnation.com to access exclusive resources to help you achieve your financial and personal goals. 🦷💰💼✨

Unlock the secrets to a prosperous retirement with the latest episode of Dental Wealth Nation! As a dental entrepreneur, you're constantly striving for success. But have you given enough thought to your retirement plan? Don't settle for the familiar, challenge yourself to take control of your future and make it better than ever!

Join us as we explore the world of retirement plans and reveal the exciting potential for saving big. You'll learn about:

• The compelling reasons for qualified plans
• The power of defined contribution plans
• The untold benefits of defined benefit plans

This is your chance to level up your retirement game and secure your financial future! So, grab your headphones and listen now! Thrive towards a brighter tomorrow!

Would you like to understand what coaching is and how it can be used effectively to unlock potential and maximize performance? Are you ready to learn how Mudasser Hussain was able to transition to being a part-time dentist and provide business exec coaching? Or even how to increase revenue, productivity, well-being, and your mental health? If so you won't want to miss "Coaching your way to Success with Mudasser Hussain"

Are you interested in building a complete marketing plan for your dental organization? Are you curious about avoiding failures in advertising, reducing risk, and wasting time while growing your practice?

If so, you won't want to miss this episode with Patrick Chavoustie of Omnipremier. Tune and you will learn how to lower your overall marketing costs without sacrificing new patient growth, how to get more referrals for your practice, and a one-page marketing plan along with a free one on one strategy session.

Would you like to know how to work more efficiently and productively? If so then tune in and learn from Gene St. Louis how you can Capture the Best of 2022!

🎙️ Welcome to The Dental Wealth Nation Show! In episode 0074, we have the amazing Curtis Marshall joining you host, Tim McNeely, to share insights on how to analyze everything, automate your day, find hidden revenue, and fill your schedule without losing your mind. 🦷💰💡

In this episode, Curtis Marshall dives into the challenges faced by dental professionals when it comes to obtaining patient information from practice management software. 📊 He also reveals a clever strategy, involving baking cookies and eliminating dental smells, that seemingly increased patient satisfaction for a month. 🍪👃

Curtis focuses on the power of data and benchmarks. While he offers to provide valuable benchmarks for free, he cautions against the pitfalls of comparing oneself to others. Instead, he encourages self-improvement and better patient care as powerful indicators of success. 💪💼
T
he episode delves into the evolving landscape of communication, from landlines to cell phones to texting, and explores the preferences of younger patients who value making their own decisions and scheduling appointments at their convenience. ⏰💬

Curtis emphasizes the importance of giving patients choices and options for their dental appointments, even discussing a software that provides second opinions based on patient images and previous cases. 📸💻

Patient care is a key theme, with Curtis believing that it can be increased by a staggering 100%. He shares personal experiences, stressing the significance of fully understanding dental treatments and highlighting the correlation between accepting treatments and better outcomes. 🤝💉

Moreover, Curtis challenges the limitations of current dental office software, advocating for real-time data collection, automated scheduling, and improved patient information accessibility. He reveals his own software that aims to address these challenges and enhance patient care. 🖥️✨

Tune in as Curtis Marshalls explores the power of data, the importance of patient retention, and the transformative possibilities of streamlining dental office operations. 🎧💡

Savvy Dentist was born out of a need identified by dentist and founder, Dr. Jesse Green. Recognizing the operating environment for dentists changed dramatically and left many without a busy compass, over several years, Jesse devised the tools, systems, and integrated dental business coaching program that is now Savvy Dentist.

Tune in today and learn how you can move from stress out to savvy with Dr. Jesse Green.

Oftentimes estate planning can be overwhelming and settling an estate can be downright confusing. Tune in today and learn about the choices you have when it comes to naming a trustee and how to choose a trustee wisely.

You won't want to miss this conversation with Kevin Quinn, Co-founder, and President, of The Independent Trustee Alliance.

Tune in and learn:

- What are the responsibilities of a trustee

- What is an independent trustee

- What are the different types of trustees

- Why an independent trustee

But most importantly, you will leave equipped and even better prepared to take care of the people you love the most.

Are you looking to achieve maximum success & efficiency in your dental practice? Then tune in and learn from Kiera Dent. She will share how to build your very own Dental A-Team so you can POSITIVELY CHANGE the structure & culture inside of your dental practice.