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Important factors to consider in your agreements:
Do you have signed service agreements in place? Does your service agreement provide for provision of services, premises, plant and equipment?
Do you align to the terms of the service agreement operationally, (i.e. timing of disbursements to dentists, service fee %, collection and disbursements of fees to dentists)?
Is a comparable service fee being charged to dentists?
Are patient fees being banked into a clearing account?
Are service fees invoiced in a timely manner?
Are you charging GST on service fees? Are service fees paid by the dentist in a timely manner (i.e. on normal trading terms)?
Please don’t hesitate to contact one of our award winning advisors if you’d like to discuss your service agreements.
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