In terms of finding a new dentist. Jacqueline Russo, DDS, RN, and Stephanie Morgan, RID, LEED AP, are principals at EnviroMed Design Group, a full-service firm specializing in beautiful, ergonomic, and functional dental office design.Trained at T.H.E. If you’re practicing in a small town with no other providers, congratulations on running a successful dental practice! For a dental practice to grow, a single dentist should be seeing 24-50 new patients per month. Activities that will increase the value include managing the dental office’s website, becoming active on social media, marketing to new patients, and improving the professional atmosphere of the office. Wholesale prices to dental offices have dropped considerably in the past few years. This is why we require all parties involved (sellers and potential buyers) to sign a nondisclosure agreement. In general, prospective buyers look for practices with favorable leasing arrangements, modern set-ups, and great reputations. Learning from the best: Takeaways from dental practices performing in the top 10% Levin Group studied the top 10% of all dental practices, based on production. Ultimately, the best way to sell a dental practice is to work with a highly experienced transition broker. Dental Plan Discounts. American Dental Partners, Inc. was founded in 1995 in an effort to revitalize the way people receive oral health care. Peg Lateral as Abutment for a 3-Unit Bridge? NO DENTIST WILL EVER HAVE TO PRACTICE SOLO AGAIN®, WWW.DENTALTOWN.COM - WHERE THE DENTAL COMMUNITY LIVES®, Productive Replay - Producers and Pretenders. 8. Here are four key considerations that you as a dental practice owner should be thinking about as you begin to mull a sale of your business: 1. Townie "toofster12" shows a full-arch rehab case in progress and looks for advice on impla... Doctors compare numbers and contemplate what the new year will bring. Want to sell used dental equipment? Before signing with any business broker, be sure to check their reputation. Our team at PTS is experienced, provides high-quality representation, and here to answer any questions you may have. These are specialized accountants that will give you the fair market value of your practice. Not only will they increase the probability of a smooth, successful transition, they will also decrease the possibility of post-transfer litigation. Marketing from the inside out is the most effective and inexpensive way to get new patients. Yet, we recognize that not every seller or dental practice is the same. Likewise, you can find a generic template from the internet. The top 3 DSOs in the US right now are Heartland Dental, Aspen Dental, and Pacific Dental … Knowledge will help you keep your points in front of the dentist in the absolute best way possible. But selling a dental practice is much more than putting a For Sale sign on the curb. We use the most effective way of calculating your practice’s worth by looking at certain factors and their impact on the business. Not only does this protect the privacy of the seller, it ensures a smooth transition for everyone. Start the marketing process early with Clineeds! The transition from an established provider to a new provider is an important and delicate process. My current dentist has about 20 people in the office staff in a huge new building. Fact:Many buyers prefer a mature practice with a steady cash flow and constant referral base, rather than those with “growth potential.”. Your email address will not be published. Everyone is familiar with the idiom, “a picture is worth a thousand words.” Well, you can think of your dental practice’s office design in much the same way. Dental management organizations. Sign up for our newsletter today and get regular updates on new listings in your area! The best way to value your practice is to list all the hard assets on an excel spreadsheet and assign a fair market value to them. Our experts at PTS are extremely experienced when it comes to correctly structuring a sale. ... Our experienced staff will arrange the best method for shipping. The Aeras 500 Elite high-speed air-driven handpiece from Star isn’t just smart, it’s brilliant. We do this by empowering dental professionals to focus solely on the needs of their patients while providing them with leading technology, professional development, ongoing education, and … DMOs have been in the market for more than 20 years. #4: Referral Program. If you're selling something of lower value your cost-of-sale could be too high, so find somebody you can piggyback on, where your product complements what they have even if it means giving away half the revenue to them. They definitely matter! If not done correctly, it can be a very costly experience. 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