How to Weigh Your Options When Considering Transitioning Your Practice
Posted on September 14, 2021 by Christine Daum | Share
Posted in Articles, General | Tagged in Independent Dental Practices, Dental Practice Valuation, Dynamic Dental Advisors, Dental Practice Support, Dental Practice Transitions, Succession Planning, Dental Practice Sale, DSOs, DPOs, DDA
It’s no secret the dental industry is not currently set up to provide adequate support for private dentist owners as they prepare to transition their practice, unless they’re willing to give something up – typically either their hard-earned equity or clinical autonomy. Neither trade-off sounds appealing for most independent dentists who have spend their career dedicated to their practice. Many are left wondering how to weigh their options and ensure they receive the maximum financial benefit they’ve earned over the […] Read More...
Posted in Articles, General | Tagged in Independent Dental Practices, Dental Practice Valuation, Dynamic Dental Advisors, Dental Practice Support, Dental Practice Transitions, Succession Planning, Dental Practice Sale, DSOs, DPOs, DDA
Positioning Your Practice for a Successful Transition: Why Cost Management & Practice Profitability Matter
Posted on September 14, 2021 by Christine Daum | Share
Posted in Articles, General | Tagged in IDS, DDA, Cost Management, Dental Supply Savings, Practice Transitions, profitability, Practice Profitability, Cost Reduction, practice support
As an independent dental owner, you’ve spent your career devoting your time, energy and resources into your practice. While it might be tempting to coast into retirement, it’s more important than ever to focus on cost reduction and efficiency efforts for your practice. This will ensure your practice is best positioned for a transition and that you’ll receive the maximum financial benefit from an eventual sale. Effectively (and sustainably) increasing your practice profitability requires a dual-approach: Maximizing productivity & reimbursement […] Read More...
Posted in Articles, General | Tagged in IDS, DDA, Cost Management, Dental Supply Savings, Practice Transitions, profitability, Practice Profitability, Cost Reduction, practice support