by omniadminJanuary 15, 2021 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional0 comments
Selling Your Practice Yourself – Penny Smart and Dollar Foolish
By Rod Johnston, MBA, CMA, Practice Transition Advisor You’ve heard the stories of people doing their own electrical work on their house only to be electrocuted when they try fixing the bathroom light while standing in the bathtub full of water. Or the person who decides to fix his brakes on his car only to accidentally cut his brake line and end up driving off a cliff. They have awards for...Read Moreby omniadminNovember 20, 2020 Practice Management, Practice Sales, Practice Transtions, Seller Articles, Video0 comments
Dealing with Credit Balances in a Dental Practice
Kevin Brady, Practice Transition Advisor, gives dentists important information about credit balances in a dental practice. https://youtu.be/Eg812mmUiSIVideo can’t be loaded because JavaScript is disabled: Dealing with Credit Balances in a Dental Practice (https://youtu.be/Eg812mmUiSI) Read Moreby omniadminNovember 12, 2020 Buyer Articles, Practice Sales, Practice Transtions, Seller Articles, Video0 comments
Accounts Receivables in a Transition
Buyers and Sellers – One of the things to look out for in a dental transition is Accounts Receivables. What should you be looking for? Megan Urban, Practice Transition Advisor with OMNI Practice Group, will get you started: https://youtu.be/VyTMEqdMY50Video can’t be loaded because JavaScript is disabled: Accounts Receivables in a Transition (https://youtu.be/VyTMEqdMY50) Read MoreTips to Avoid Fraud and Embezzlement
By Megan Urban, Practice Transition Consultant We see embezzlement in the dental office all too often. The average embezzlement amount REPORTED is over $100,000 in a dental practice, and we know most is not reported or ever discovered. Please review the following tips to avoid embezzlement, as well as signs from employees to be aware of. -Limit access to dental software to make adjustments,...Read Moreby omniadminOctober 14, 2020 Practice Management, Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
Increase Collections Without Spending Money
By Megan Urban, Transition Specialist After working with hundreds of dentists for many years, we want to share the top 5 areas of missed production/collection. With small changes to your everyday routines, you can increase collections to put towards new equipment and technology, as well as savings and retirement. 1. Patient Retention Everyone worries about current new patient flow, but what...Read Moreby omniadminAugust 5, 2020 COVID-19, Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
Exit Planning in the COVID Era
By Corey Young, DDS, MBA, ABI Are you ready to transition? Is your practice ready to transition? What is the market like? These are all key questions to ask yourself. When is a good time to start thinking about all of this? The real answer is as soon as you buy or start your practice, but the more practical answer is dependent on you. If there any chance you will want to transition in the next...Read Moreby omniadminJuly 31, 2020 Practice Management, Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
The 4 P’s of Your Dental Practice: Performance, Productivity, Profitability, and Patients
By Kevin Brady, OMNI Practice Group All dentists want a practice with high performance, productivity, and profitability. These three P’s represent the standard by which successful dental practices are measured. There is, however, another “P” that many dentists forget, which is arguably the most important – Patients. Happy patients lead to positive outcomes and accelerate the other Ps....Read MoreScheduling 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 Moreby omniadminJune 30, 2020 Buyer Articles, Buying a Practice, Practice Management, Seller Articles, Selling a Practice0 comments
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 Moreby omniadminJune 30, 2020 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
