Protecting Your Dental Practice from Inflation

Inflation is impacting nearly every aspect of our lives, and your dental practice expenses are no exception. As costs continue to rise, it’s important to have a plan to limit the financial impact on your practice. Here are three ways to minimize the effects of inflation on your bottom line:  1.Controlling your overhead A great way to do this, is to be more proactive about any larger purchases you may need to make. Start by assessing your current equipment (including […] Read More...

How to Weigh Your Options When Considering Transitioning Your Practice

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...

Positioning Your Practice for a Successful Transition: Why Cost Management & Practice Profitability Matter

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...