Buying a Dental Practice During COVID

Our owner and founder, Rod Johnston, gives his thoughts about buying a practice today during the COVID pandemic. Rod has helped hundreds of dentists purchase practices for over 15 years.   https://youtu.be/V-tcGa0inesVideo can’t be loaded because JavaScript is disabled: Buying a dental practice during COVID (https://youtu.be/V-tcGa0ines) Read More

The Cost of a “Perfect” Practice in the COVID Era

By Corey Young, DDS, MBA, ABI Should you buy now in this COVID environment? Everything seems kind of scary. It might be better to stay with that nice, safe, secure job and wait for the perfect opportunity to come along? That said, there are a lot of practices coming on the market. Maybe now is the perfect time to buy? Let us look at two hypothetical practices and see where you would be in ten...Read More

What You Need to Know Before Buying a Dental Practice

By Kevin Brady, OMNI Practice Group Your dental practice will most likely be the most expensive purchase you will ever make. It is a considerable investment, not only financially, but as an investment in your family’s future. Ensuring that you are looking at the right metrics will ensure that you are not setting yourself up for failure before you even step foot in the practice. Learning about...Read More

Scheduling After Covid

By Megan Urban, OMNI Practice Group You are probably tired of thinking and talking about LAC, or Life After COVID, but it is coming ready or not. Here are some simple ideas that can make “re-entry” into your dental practice safe and smooth for you, your staff, and your patients.  These are not necessarily new concepts, but they are not typically practiced in most offices and it is time to...Read More

Effectively Managing and Maximizing the Value of your Practice

By Kevin Brady, OMNI Practice Group Dental Practice owners know, there’s a lot more to running the business than treating patients. Owners are responsible for hiring and managing staff, billing patients and insurance companies, handling accounts payable and receivable, and becoming proficient on dental software to operate the practice. All these duties have a negative impact on both the...Read More

Purchasing a Practice Post COVID-19

By Rod Johnston, MBA, CMA OMNI Practice Group A lot of “experts” have been giving their own predictions on the Covid-19 Pandemic.  The truth of the matter is, no one has a crystal ball and knows what tomorrow will bring.  So far, most experts have been off on their predictions.  What we do know is that there will be a “post-Covid” and life will get back to some form of normal in the...Read More

Buy a Practice Now?

By Corey Young, DDS, MBA, CVA What a crazy time we are in. At least to me, this is a sober reminder that major disrupters are almost impossible to predict. I am reassured that our nation seems to be taking the situation seriously and I do firmly believe we can weather this storm. Most of you reading this have had your professional world rocked. You’ve probably had your hours cut, maybe by...Read More

Buy a Practice Now?

By Corey Young, DDS, MBA, CVA, ABI What a crazy time we are in. At least to me, this is a sober reminder that major disruptors are almost impossible to predict. I am reassured that our nation seems to be taking the situation seriously and I do firmly believe we can weather this storm. Most of you reading this have had your professional world rocked. You’ve probably had your hours cut. Some of...Read More

Goodwill in Dental Practice Value – For Buyers

By Megan Urban, OMNI Practice Group As many of you know, in the sale of dental practices, typically the biggest contributor in determining the purchase price is “Goodwill”. Are you aware of the aspects that make up goodwill?  Of course, it includes your patients and business reputation, but it’s also based on patient retention, which is your hygiene program or Recare. Savvy buyers understand...Read More

5 Reasons to Purchase a Practice in 2020

Happy New Year!  Is this the year you finally take the plunge and buy your own practice?  Or are you content with being an associate working for someone else?  Here are a few reasons why 2020 should be the year you become a practice owner: Interest rates are starting to move up. The past few years have rewarded buyers with interest rates in the 4% to 5% range and some with as low as 3.75%....Read More