Archive for the ‘Practice Management’ Category

The $14,000,000 Decision Every Dentist Must Make

Tuesday, March 31st, 2015 by ADS - Practice Transitions Made Perfect (TM)

Suppose that when you begin your dental career that you will have to check a box like one of these: Yes, please endow me with $14,000,000 extra cash at the time of my retirement No thanks, keep your $14,000,000 and assume control of my profession while you’re at it But believe it or not, while… read more »

What to Consider When Hiring an Associate

Sunday, January 18th, 2015 by ADS - Practice Transitions Made Perfect (TM)

Student loan debts, desire for work/life balance, and the benefits of a colleague in the office are among the many reasons more dentists are considering taking an associate dentist position. The trend is not limited to young practitioners. Many experienced practice owners are deciding to sell their practices and work as associates. They cash in… read more »

10 Statistics Every Dental Practice Owner Should Review Daily

Friday, November 21st, 2014 by ADS - Practice Transitions Made Perfect (TM)

Dr. Joseph was a happy man when he sold his practice. His practice appeared to be merely “average” for the area. He got almost precisely his listing price, and not because he had a better location, newer equipment, or higher profit than many of his colleagues. The reason he got his price is because he… read more »

Returning Patient Balances: The Right Thing to Do

Monday, August 18th, 2014 by ADS - Practice Transitions Made Perfect (TM)

Author’s Note: I received an email not long ago from a dentist in my state regarding credit balances, or money owed patients. Here is the message. Names have been changed to keep identities private. “I don’t know if you remember me or not, but I worked with Dr. Smith several years ago, and I’m currently… read more »

Sustainability & The Dental Practice

Wednesday, December 11th, 2013 by ADS - Practice Transitions Made Perfect (TM)

By Steve Wolff, DDS I was recently asked to serve on the “sustainability task force” at my church. Many organizations are asking members and constituents to sit down and focus on what factors may influence the long-term survivability of their organizations, and to make plans and recommendations to deal with those issues. This trend is not… read more »