Financial Management for Safety Net Dental Clinics
Modules
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2
3
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5
Home
Evaluation
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Overview
3.1
Using the Budget Planning Spreadsheet to Estimate Expenses
3.2
Establishing Salary and Fringe Benefit Packages
3.3
Typical Fringe Benefits
3.4
Using Volunteers
3.5
Equipment
Purchasing New Equipment
Using Donated, Used
Equipment
Leasing Equipment
3.6
Managing Lab Fees
3.7
Fundraising Expenses
Key Points
Post-Test
What is the most important reason that staff need to thoroughly understand clinic expenses?
To complete income tax forms.
To be able to answer questions that an auditor may ask.
To assess the clinic’s sustainability.
To complete grant applications that require this information.
Why do safety net dental clinics often have difficulty recruiting dentists?
Because the fringe benefits clinics offer are always inferior to those offered in the private sector.
Because most dentists do not go into practice after graduating from dental school, but instead go on to receive specialized training.
Because the incomes of dentists working in private practice are typically substantially higher than the incomes of dentists working in clinics.
Because most clinics do not offer dentists enough freedom to exercise their professional judgment when treating patients.
Which of the following are NOT typically part of a fringe benefits package:
Health insurance.
Professional liability insurance.
Maternity leave.
Severance pay.
What considerations should determine the extent to which a clinic is staffed with volunteers?
The clinic’s mission.
The clinic’s budget.
The availability of a volunteer coordinator.
All of the above.
Which of the following should NOT be considered when determining whether to accept used or donated dental equipment?
How long the equipment is likely to last.
Whether the equipment matches other equipment in the office.
Whether replacement parts can be obtained easily.
Whether the equipment can be used to provide modern dentistry.
How can clinics best minimize potential losses from unpaid lab fees?
Ask labs for discounts.
Offer only economy dentures.
Separate lab fees from the total cost of the service, and collect lab fees separately.
Provide lab services in house.