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Financial Reporting for the Dental Office

Learn about the financial aspects of the dental office. This course goes into detail about financial reporting topics and will empower you to gain more responsibility within your practice. This course also meets AADOM Fellowship requirements.
$130
BUY FOR OTHERS

Course Overview

6
CE Credits
10
Pre-Assessment Questions
6
Months to Access Course
6
Hours to Complete
50
Post-Course Assessment Questions

Monitoring financial performance is vital to a dental practice’s success. Understanding and interpreting a variety of financial reports — and effectively communicating critical financial data with all dental team members — are key responsibilities of every dental practice manager. Through this course, you’ll learn the principles of financial controls, as well as the daily checks and balances every dental office should implement.

Explore the types of financial reporting methods based on practice type and size. Determine the daily, weekly, monthly and annual reports necessary to maintain day-to-day operations. Analyze dental practice productivity by reviewing the scheduling, patient cancellation, and procedure reports, and more. Whether you’re new to practice management or have many years of experience, this course will walk you through the modules to enhance your understanding. Upon course completion, you’ll earn 6 CE credits and a certificate, plus meet AADOM Fellowship requirements.

Note: Meets AADOM Fellowship requirements

Course Credentials

Created:
September 2012
Updated:
February 2017; October 2018; September 2021; May 2024
Next Review:
May 2027

Course Compatibility

Desktop and laptop

AGD code: 550

After completing this course, you will be able to:

  • Understand the importance of internal financial controls and daily checks and balances in a dental office
  • Identify types of financial reporting methods based on type of practice, number of employees and office size
  • Interpret the financial policy for the dental office, including discount standards, third-party payment options, and fee schedules
  • Determine the daily, weekly, monthly and annual reports necessary to maintain day-to-day operations
  • Analyze dental practice productivity by reviewing the scheduling, patient cancellation, and procedure reports
  • Evaluate the profit-and-loss (P&L) statement, daily balance sheets, and annual budget for future forecasting
  • Recognize the importance of effective communication with and making informed recommendations to the dentist/dental employee

This product is part of the bundles listed below. Buy together and save!

Dental Office Management Bundle

Subject Matter Experts

Ms. Cooper-Duncan is the owner and operator of Results Unlimited Dental Consulting LLC, offering recruiting, systems, practice management, coding, training and team building consultation services. She previously worked as Regional Director for Midwest Dental and Director of Clinics for Heritage Creek Dental. Ms. Cooper-Duncan also served as a Practice Administrator for CountrySide Dental Care. Ms. Cooper-Duncan has no relevant financial relationships to disclose.
Ms. Gowan has been involved in the healthcare industry for more than 37 years, working in the areas of billing, coding and accounts receivable. Most recently she has served as the office/business manager for a pediatric dental office, in which she oversees the day-to-day business aspects of the practice. Ms. Gowan has volunteered with the Washington State Academy of Pediatric Dentists Foundation and has been a member of the American Association of Dental Office Managers since 2006. Ms. Gowan has no relevant financial relationships to disclose.
Ms. Kratt is the Founder and President of the North Shore Study Club for dental administrative team members, and currently serves as a healthcare portfolio manager with Citizens Bank. She has more than 20 years of dental office experience, and is a Fellow of the American Association of Dental Office Managers (AADOM) and the Association of Dental Implant Auxiliaries (ADIA), as well as a Certified Educator for ADIA. Ms. Kratt has no relevant financial relationships to disclose.

Related Courses

ADA CERP logo

The DALE Foundation is an ADA CERP Recognized Provider. ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education, ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry. Concerns or complaints about a CE provider may be directed to the provider or to ADA CERP at ada.org/cerp.

AGD PACE logo

The DALE Foundation is designated as an Approved PACE Program Provider by the Academy of General Dentistry. The formal continuing education programs of this program provider are accepted by AGD for Fellowship, Mastership and membership maintenance credit. Approval does not imply acceptance by a state or provincial board of dentistry or AGD endorsement. The current term of approval extends from 9/1/2024 to 8/31/2028. Provider ID# 355127