Bridging the Gap: Financial Management for Dentists and the Role of CPAs

Shared Practices | Your Dental Roadmap through Practice Ownership

Dr. George Hariri | Shared Practices Network

Businessofdentistry, Dental, Dentalpractice, Dentist, Practicemanagement, Business, Management, Entrepreneurship

4.9 • 559 Ratings

🗓️ 25 May 2026

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Caitlin Embree and Morgan Hamon from EAG Dental Advisors bridge the gap between daily operations and proactive financial management for dentists. Transitioning from clinician to CEO requires deep financial clarity. Most owners only speak to their CPA during tax season, but advanced financial management for dentists transforms raw data into insights that fuel long-term dental practice profitability.

If your goal is sustainable dental practice growth, this is your survival guide. Morgan explains how specialized CPAs act as your financial radiologist—diagnosing cash flow bottlenecks—so your dental practice management team can perform the operational surgery. We explore why standard profit and loss statements hide critical metrics like debt service.

Here is your blueprint to master dental business strategies and dental practice ownership:

Master the Rule of Threes: Hygienists must produce three times their total pay to sustain dental practice profitability.
Calculate Cash Reserves: Keep one to two months of break-even capital, combining operating expenses and debt service, to eliminate stress.
Optimize Distributions: Implement structured monthly or quarterly distributions to maximize personal wealth.
Demand Strategy: Stop accepting tax-season surprises. Demand year-round communication to track liabilities as you scale.

Proactive financial management for dentists protects your revenue. Contact Morgan Hamon at morgan.hamon@eisneramper.com or visit https://eagdentaladvisors.com/.

Ready to take the next step in your dental practice journey?

Visit https://sharedpractices.com to learn more about our Buyer Representation and Coaching services, designed to help dentists buy, grow, and optimize profitable practices. You can also use our Free Look to evaluate dental practice opportunities with real data before making a decision. For daily Dental Moneyball insights, strategy tips, and updates, follow us across our social channels.

Transcript

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0:00.0	Welcome back to the Shared Practices podcast.
0:05.7	I'm Caitlin Embry, and I'm really excited that I have with me today, Morgan Hammond with
0:10.4	Eag Dental Advisors.
0:12.2	Good morning.
0:13.2	Good morning.
0:14.2	Thanks for having me.
0:15.2	Thank you so much for coming on.
0:16.6	You know, George recently did an episode around CPAs and where they really shine and where we need
0:22.9	them in practice management and also kind of how the practice management consultant can work
0:28.1	together with the CPA to help our audience and our clients achieve their goals. So I think
0:33.2	it's perfect timing to have you join us. Can you start by just, you know, telling us a little bit about
0:37.9	how EIG came to be and maybe like what niche you were hoping to solve for in the dental
0:43.1	industry? I'll quickly tell that story. And it goes back to 2010. Prior to being a CPA,
0:50.6	I was a Navy pilot. When I was done with that career, it was time to switch gears.
0:57.4	My dad was a career CPA, and we were both needing something to do. So I went back to school,
1:04.5	got a master's in accounting set for the CPA exam. And we did essentially a startup. And we envisioned a very high-tech high-touch
1:15.6	nitch CPA firm business oriented we wanted to work with small business and just very quickly
1:23.2	we were fortunate enough to find our way into the dental space. So by 2011, we were all in on
1:29.8	private dental exclusively, and we'd never looked back. And our mission with our clients was
1:37.9	really three things. A lot of accountants tend to be very tax-oriented. So if you look up with, you know, if you're just
1:44.8	Google CPA, I'm a dentist, have a dental practice, most CPAs are going to want to do a tax
1:49.5	return for you. That's important, but that's not why we start practices. That's not why you go
	...

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