Blog

Patient Record Audit: Suggestions for Buyers

By Megan Urban – Randomly select patient records and review for complete documentation, full mouth diagnosis, necessary x-rays, and regular maintenance. – Review the most recent three to five new patient records for charted existing and diagnosed “ideal” treatment, perio charting, appropriate x-rays, and confirm if the patients have their next scheduled appointments. -Review the...Read More

Interview Questions for Every Dental Practice Role

By Megan Urban, Practice Transition Advisor Businesses across the country are struggling with staffing issues and the dental world is NO exception. During the pre-pandemic years finding great staff was a challenge, but since the pandemic began finding and retaining great staff has become a tumultuous experience. What follows are some interview questions that have helped dentists and their...Read More

Goodwill in Dental Practice Value

By Rod Johnston, MBA, CMA As many of you know, in the purchase of dental practices, typically the biggest contributor in determining the purchase price is “Goodwill”. However, are you aware of the aspects that make up Goodwill?  Of course, it includes the patients and the reputation of both the business and the selling dentist. But it’s also based on patient retention, which is the practice’s...Read More

Settling Liens Prior to Listing Your Practice

By Jen Bennett, Omni Practice Group In preparation for listing your practice, there are several steps to consider, but one important step that is often overlooked is settling any outstanding liens against your practice. As you know, “A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A creditor or a legal judgment could establish a lien. A...Read More

Dental Practice Buyer FAQ

by Megan Urban, Practice Transition Specialist Where / How do I start? Where do you want to live? Not that you can’t change your mind and sell, move, or buy again. But it’s typically best to determine where you want to live, such as in close proximity to family members, or near an airport, or close to beaches and surfing, or near ski resorts.  Are you a city dweller?  Are you a nature...Read More