Blog

The Importance of Your CPA During a Transition

The Importance of Your CPA During a Transition.  Megan Urban of Omni Practice Group talks about why a dental-specific Certified Public Accountant is critical during your practice transition. Regardless if you are a buyer or seller,  you should have a CPA who specializes in dental transitions.  If you are a seller, your CPA will help guide you through the complexities of taxes and what you may...Read More

Benefits of Hiring a Broker

By Kevin Brady Why use a Dental Broker to Sell your Practice?  After many years of the hard work, long hours, and substantial investment that go into building a dental practice, you’re now thinking about selling the practice. It’s easy to assume that the practice will sell quickly and for a great price when you are ready to sell. Feedback from doctors who have recently sold their...Read More

Frequently Asked Questions for Dental Sellers

By Rod Johnston, MBA, CMA Do I have to pay out my staff vacation and sick time at closing? Yes, after the sale has closed, you will write a check for accrued vacation time to your staff members. The staff will then start accruing vacation and sick time under the new practice owner. Paying out sick time depends on your individual state laws. Some states have recently implemented mandatory sick...Read More

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