Equip yourself to make the best decision for your practice

Many health care professionals, suggests Dr. Gary Stenzler, assume that being a good clinician will keep them on top of their field. "In fact, you have to run a good business too," says Dr. Stenzler, who operates dental practices in Ontario.

Many dentists and doctors aren't quite as comfortable with the business side of their practice, including equipment decisions. Those decisions can be complex, filled with practice considerations such as the necessity of certain equipment and its life span, as well as financial questions like cash flow and tax implications.

Part of staying on the "leading edge" involves making the right decisions about equipment - not just what to get and when, but also whether to buy or lease, and from whom. Such decisions can have a huge impact on both your practice and finances.

4 Factors To Consider When Purchasing Equipment

1. How long will equipment last?
2. Cash flow and flexibility
3. Tax implications
4. Expert advice

For more advice on making decisions about equipment purchases, download our free white paper: "Equip yourself to make the best decision for your practice"

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Order the other 2 free white papers to help you make the right decisions:

• What practice option is right for you?
• Rent vs. Buy - Time to face your space

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