![]() ![]() Talk to your accountant or tax expert about the best method to use for your individual practice. Under IRC Section 179 Election, you may deduct all or part of the cost of the equipment in the year the equipment is placed into service, instead of using the standard depreciation method. This calculation should factor in any tax benefits available to you and your practice. Be realistic about your own circumstances and plug in figures that are reasonable for your own dental business.ฤก The true cost of the equipment - You must calculate the true, net after-tax cost of the equipment before doing your evaluation. Not all of the points on the review will apply to every dental practice, and some may overlap or only partially apply to your practice. A simplified worksheet is available with this article on Dental Economics' Web site (to make it easy for you to do the economic analysis and payback review that you should before purchasing or renting any piece of major capital equipment. What follows is a fairly comprehensive description of the financial aspects of panoramic ownership, culled from several manufacturers, distributors, and dental office sources. Our research did not find any one source that addressed all of the economic issues. All of this depends, of course, on the size and volume of the practice and the degree to which the office integrates panoramic radiography into its diagnostic procedures. So what is the real cost of a panoramic X-ray machine? This article will explore the idea that a panoramic radiography system - in addition to providing tangible clinical advantages for your patients - also can pay for itself fairly quickly through time and material savings and direct revenue generation. Many dentists claim their machines pay for themselves within six months. Manufacturers talk about the different ways that panoramic machines can pay for themselves. However, another element of the equation is the financial benefits offered by panoramic X-ray systems. The clinical and treatment benefits for your patients should be the primary reasons for considering a panoramic system, and these alone make it a worthwhile investment. Volumes of papers, case studies, and reports highlight the clinically significant - and sometimes life-saving findings - attributable to the use of panoramic radiography. ![]() Panoramic radiography offers a multitude of clinical- and patient-care benefits that make it by far one of the most valued tools in diagnostics and treatment-planning available to the dentist. Panoramic radiography has proven to be a tremendous diagnostic tool, so it is surprising to find that some practices, based on clinical benefits alone, still do not have a panoramic X-ray machine. Farman, BDS, PhD, MBA Click here to enlarge image ![]()
0 Comments
Leave a Reply. |