The Dental Business | The Dental Business https://thedentalbusiness.com/tag/the-dental-business/ Practice Transitions Tue, 16 Jan 2024 14:43:33 +0000 en-US hourly 1 https://thedentalbusiness.com/wp-content/uploads/2019/05/cropped-Fisher-Day-Dental-Business-Icon-Only-Web-32x32.png The Dental Business | The Dental Business https://thedentalbusiness.com/tag/the-dental-business/ 32 32 Dental practice owners who want to retire on their terms must be familiar with the following: https://thedentalbusiness.com/dental-practice-owners-who-want-to-retire-on-their-terms-must-be-familiar-with-the-following/ Wed, 03 Jan 2024 23:01:56 +0000 https://thedentalbusiness.com/?p=7473 It’s been my experience that most practice owners wait too long to plan for the sale of their practice. The consequences are disappointing offers to purchase, little control over the sale of their practice, and more. Do you have a plan? Are you familiar with the key Practice Management Numbers? For the previous calendar year, …

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]]> An Overview of the Services of a Buyer Representative https://thedentalbusiness.com/an-overview-of-the-services-of-a-buyer-representative/ Mon, 24 Jul 2023 18:53:34 +0000 https://thedentalbusiness.com/?p=7446 I’ve been asked to provide an overview of the services of a Buyer Representative. I can only speak for my services, so here goes:  *While it is best to engage my services prior to the offer to purchase, it is not essential IF the offer to purchase is non-binding.  Requests I typically make for Pre-Due-Diligence: …

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]]> Being Ready with Mary Fisher-Day https://thedentalbusiness.com/being-ready-with-mary-fisher-day/ Tue, 12 Apr 2022 00:54:52 +0000 https://thedentalbusiness.com/?p=7082 Listen to Mary’s interview with Dr. Laura Mach, as she lays out a blueprint for an emergency exit plan for your dental practice. Link to Podcast..

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]]> The Benefits of Practicing Dentistry in a Small Town https://thedentalbusiness.com/the-benefits-of-practicing-dentistry-in-a-small-town/ https://thedentalbusiness.com/the-benefits-of-practicing-dentistry-in-a-small-town/#respond Tue, 10 Dec 2019 19:34:11 +0000 https://thedentalbusiness.com/?p=5943 Did you know that people living in rural small towns often drive more than an hour to see a dentist? The Federal Government and many states offer incentive programs for dentists who agree topractice in high-need areas. When taken advantage of the programs reduce student loan debt significantly. In instances where loan forgiveness isn’t necessary …

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]]> https://thedentalbusiness.com/the-benefits-of-practicing-dentistry-in-a-small-town/feed/ 0 Buying a Dental Practice: How One Decision Saved My A** and Likely, My Career https://thedentalbusiness.com/buying-a-dental-practice-how-one-decision-saved-my-a-and-likely-my-career/ https://thedentalbusiness.com/buying-a-dental-practice-how-one-decision-saved-my-a-and-likely-my-career/#respond Sat, 02 Nov 2019 01:36:56 +0000 https://thedentalbusiness.com/?p=5807 Dr. Rebekkah Merrell I graduated from dental school, so I’m smart, right? A few years after finishing my residency, I decided I wanted to own my own practice. I was trapped working for a corporate practice that made me hate going to work everyday. I was itching for a change and fast. I began looking …

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]]> https://thedentalbusiness.com/buying-a-dental-practice-how-one-decision-saved-my-a-and-likely-my-career/feed/ 0 Diagnosis by Insurance Company – Can we do anything about it? https://thedentalbusiness.com/diagnosis-by-insurance-company-can-we-do-anything-about-it/ https://thedentalbusiness.com/diagnosis-by-insurance-company-can-we-do-anything-about-it/#respond Fri, 12 Jul 2019 01:21:03 +0000 https://thedentalbusiness.com/?p=5273 Should Dental Associations and Organizations dedicate resources to creating PSA’s to educate law makers about the flagrant ways Dental insurance companies are undermining the relationship between you and your patients? Examples: 1) Letters sent to your patients inferring that your fees are too high and encouraging your patients to seek care from a dentist on …

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]]> https://thedentalbusiness.com/diagnosis-by-insurance-company-can-we-do-anything-about-it/feed/ 0 What you need to know if you want to own a Dental Practice https://thedentalbusiness.com/what-you-need-to-know-if-you-want-to-own-a-dental-practice/ https://thedentalbusiness.com/what-you-need-to-know-if-you-want-to-own-a-dental-practice/#respond Mon, 01 Apr 2019 19:02:25 +0000 https://thedentalbusiness.com/?p=4793 Whether you’re planning to own a practice, or you already do, this article is for you. You won’t likely receive the following information in Dental School, in Residency or as an Associate Dentist.   Reality Bites:  It does not matter how much you love your team or how much they love you, they will never care as …

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]]> https://thedentalbusiness.com/what-you-need-to-know-if-you-want-to-own-a-dental-practice/feed/ 0 What Successful Dental Practice Owners Know and Do https://thedentalbusiness.com/what-successful-dental-practice-owners-know-and-do/ https://thedentalbusiness.com/what-successful-dental-practice-owners-know-and-do/#respond Fri, 08 Mar 2019 14:16:19 +0000 https://thedentalbusiness.com/?p=4692 Successful Dentists know their Practice Numbers. ·       They know the numbers to review, how to obtain them and why they’re important. ·       They hire a bookkeeper or an accountant to handle business financials and review the profit and loss report monthly or quarterly (at the latest) Let the professionals handle payroll and payroll taxes, saving money and headaches. Successful …

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]]> https://thedentalbusiness.com/what-successful-dental-practice-owners-know-and-do/feed/ 0 Why “People before Profits”? https://thedentalbusiness.com/people-before-profits/ https://thedentalbusiness.com/people-before-profits/#respond Mon, 26 Mar 2018 19:07:17 +0000 https://thedentalbusiness.com/?p=3259 Still on my mind – After returning from the ADA and ADMC (Academy of Dental Management Consultants) meetings last October, one message was forefront on my mind and it hasn’t gone away. The message is “People before Profits”. I realize this message can be viewed in different ways. In the context in which I heard …

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]]> https://thedentalbusiness.com/people-before-profits/feed/ 0 Helping Patients understand and accept needed Treatment https://thedentalbusiness.com/helping-patients-understand-and-accept-needed-treatment/ https://thedentalbusiness.com/helping-patients-understand-and-accept-needed-treatment/#respond Thu, 22 Mar 2018 11:49:18 +0000 https://thedentalbusiness.com/?p=3239 Education and a Sense of Urgency are paramount when providing needed treatment to a patient. Sit down and look your patient in the eye to discuss your diagnosis and the treatment recommendation. This will increase their level of trust in you, and substantially increase your treatment plan acceptance rate. Use an intraoral camera to show …

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