Archive for the ‘Practice Management’ Category

Understanding restrictive covenants and nonsolicitation in dentistry

Monday, March 29th, 2010

There is a need for employers to have appropriate protection in maintaining customer relationships after an employee leaves. In general, courts recognize this. The two basic types of restrictive covenants are “noncompete,” which precludes a former employee from working in the same business as the employer for a certain period of time, and “nonsolicitation,” which… read more »

Change you can believe in

Tuesday, January 19th, 2010

Over the past several months, WE HAVE HEARD A GREAT DEAL ABOUT CHANGE. Change in any aspect of our life often creates some level of stress. However, some of us actually look forward to change and view it as an opportunity. One thing that is an absolute certainty is that change will happen in all… read more »

Growth by acquisition

Friday, February 6th, 2009

In these difficult economic times, one of the best ways to grow your practice is “growth by acquisition.” Growth by acquisition is a strategy to increase your patient base by acquiring another practice and merging it with yours. The best candidates for this strategy are practices small enough to comfortably accommodate additional patients, and those… read more »

Feature Article: I’m losing money on my associate

Friday, February 6th, 2009

Recently, I structured an equity development plan — our safer alternative to partnerships — for a practice owner and an associate dentist. I assumed that they were happy and doing well until I received a call from the owner that the associate was making too much money and the owner was losing money. Apparently, while… read more »

Practice transition marketplace and the current economy

Thursday, October 2nd, 2008

Nationwide bankers are still willing to fund practice acquisitions, even if the pricing is high. There is no time like the present to investigate your options. If you are a new dental practice owner, you have probably been bombarded by the dismal economic news. You may be incredibly concerned about how your practice will fare… read more »