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Before the 2008 recession, Dentists strived to have a fee-for-service practice. Just think about it, no write-offs for insurance, patients paid when treatment was completed and there were no headaches dealing with insurance companies. The most interaction with the insurance companies was when you submitted the insurance form for your patients. The patient was responsible … Continued →
When a practice is being purchased, what happens to the accounts receivables? Typically, the seller retains the receivables. Who will collect them? What will happen is that the staff of the practice will continue to collect them, just as they did when the seller was the owner of the practice. The collection process has a … Continued →
Dr. S is in the process of selling his General Dentistry practice but seems to be having issues with the market assessment of his practice, and the proposed asking price which was suggested. Dr. S has been in practice for 35 years, practicing cosmetic and restorative dentistry. It was always Dr. S’s plan to sell … Continued →
More dentists have chosen to retire or sell their practices with the aftereffects of CoVid 19 and changes in practice protocols. There are usually no likely specific rules that apply to every seller, but you may want to consider thinking out of the box to have a successful dental transition. Being receptive to more … Continued →
Although the world anxiously waits to return to some form of new normal, businesses must thrive, including buying a dental practice. The good news is that the dental practice market hasn’t been affected at all, and it remains higher than ever. According to dental industry research, there is a 60% surge in purchases over the … Continued →