Author: David Gandy, D. D. S.
Publisher: Createspace Independent Publishing Platform
Release Date: 2016-04-11
Why would you want to buy a dental practice? Because you want to have an established income stream. In this concise guidebook, you'll learn the basic math and business terms, along with how dental practice brokers and consultants think about the process, so you can make the best of your goals and dreams! According to author David Gandy, DDS, MBA, it's not that complicated. Once you see the key metrics, there's a cookbook methodology. The main takeaway will be determining how much money you'll take home if you buy a particular practice. You want to compare your actual take-home pay after buying the practice to your other opportunities, such as becoming an associate. With Secrets to Buying Your Ideal Dental Practice, you'll be able to analyze the data to help make a good decision that's right for you. Topics covered include: Key ideas Essential business terms The average dental practice Dental practice valuation Twelve steps to becoming a practice owner More tips on dental practice analysis By walking you step-by-step through the process, this book provides you with the right questions to ask your broker, attorney, and CPA-and gets you moving toward your vision today!
Author: David G. Dunning
Publisher: John Wiley & Sons
Release Date: 2016-07-08
Dental Practice Transition: A Practical Guide to Management, Second Edition, helps readers navigate through options such as starting a practice, associateships, and buying an existing practice with helpful information on business systems, marketing, staffing, and money management. Unique comprehensive guide for the newly qualified dentist Covers key aspects of practice management and the transition into private practice Experienced editorial team provides a fresh, balanced and in-depth look at this vitally important subject New and expanded chapters on dental insurance, patient communication, personal finance, associateships, embezzlement, and dental service organizations
Author: Michael R. Young
Publisher: Radcliffe Publishing
Release Date: 2010
The parallel aims of a dental practice are to deliver excellent patient care through highly trained and motivated employees and to maximise income and profit. Achieving these aims as a practice manager demands a clear vision, sound preparation, planning and marshalling of resources, broad business knowledge, an understanding of a rapidly changing world, and above all wise judgement. So why Genghis Khan? Although some in the West see him in negative terms, the Mongol leader created one of the world's greatest empires. His hugely successful strategies included intelligence gathering, understanding his rivals' motivations, being quick to learn and adopt new technologies and ideas, and successful people management. Genghis Khan is one of history's most charismatic and dynamic leaders - and you will need all his skill, strength and tenacity to succeed in both dentistry and business. This how to.' book on survival and empire-building in the dentistry business is ideal for anyone who owns, aspires to own, or is involved in managing a practice. It contains advice relevant to both small and large practices, to dentists working in the National Health Service (NHS) and private practice, and to general and specialist practices.
Author: Brian D. Hanks
Publisher: Createspace Independent Publishing Platform
Release Date: 2017-02-23
If you're thinking about buying a dental practice, you must read this book. Thousands of dentists go through the process of buying a dental practice every year. Did they choose a good practice? Did they buy at the right price? Did they buy at the right time? The stakes are high to get the RIGHT answers to those questions. Buy the wrong practice and you're looking at stress, money worries, angry staff and patients, and a frustrated family that doesn't see you as much as they'd like. Buy the right practice, like many do, and you have the foundation upon which to thrive - happy, relaxed, wealthy and positively impacting the lives of patients and living the life of your dreams. Unfortunately, the process of how to buy a dental practice remains a black box for the majority of buyers. Advice, tips and information are spread across magazines, blogs, online forums and podcasts with no easy way to tell the good advice from the bad. Until now. How to Buy a Dental Practice walks buyers step-by-step through the process of finding, analyzing, and purchasing a great dental practice. In this book you'll find answers to questions like: - How do I find a good practice? - How do I choose a good accountant and attorney? - How can I tell a good practice from a bad one? - When is the right time to sign a letter of intent? - What can I negotiate besides price? - How do I get a bank loan? - What do I do after I find a practice to buy? After reading this book, you will be armed with the specific knowledge and checklists to find, analyze and purchase the right practice for you.
Author: Jeff Anzalone
Release Date: 2012-12-03
Genre: Business & Economics
How Am I Supposed To Run A Dental Practice? If you are a dental student or young dentist, I’m sure this question has come to mind often. Congratulations! This book will answer all of your questions and more regarding starting and running a dental practice. Think of this book as that “missing year” in dental school detailing the business aspect of practicing. Just some of the topics include: · How to graduate and start up a practice with little to no debt · Finding the right accountant · Limited Liability Corporations · Licenses you MUST HAVE before you see your first patient · Taxes, Taxes, Taxes · How to choose the right software for your practice · The easy way to set up and pay your employees · Retirement plans for your practice · Must-have insurance policies to protect you from day one · How to develop and implement an Employee Policy Manual · Choosing the best electronic, computer, and X-ray equipment
Author: H. M. Smith
Publisher: Wheatmark, Inc.
Release Date: 2010-12
Genre: Business & Economics
Any professional practice transition activity--whether buying, selling, or associating--is one of the most important events that will happen in your professional career. Making a mistake in the process can have long-lasting effects on any or all of the parties to a transition. "Dental Practice Transitions Handbook" will provide you with the answers to basic questions when considering any transition. It is not intended to replace the experts, brokers, consultants, attorneys, accountants, and financial advisors that should be consulted as you proceed through a transition, but it should give you an understanding of the process, what to expect, and a starting point from which to begin your journey. About the Author H. M. Smith has earned a masters in business administration and is founder of Professional Transitions, a dental practice transitions consulting firm. He has been involved in dentistry for over thirty-five years and is currently the director of Transition Strategies at the Pride Institute. He has lectured at the University of Florida and Nova Southeastern University, and has presented a practice management course on transition strategies to the University of the Pacific, Marquette, and Indiana University dental schools. Mr. Smith is past president of the ADS (American Dental Sales), a member of the Practice Valuation Study Group, and a member of the Institute of Business Appraisers. He has also written numerous articles for Dental Economics on transition subjects and issues. Endorsements "If you now or ever will own, sell, or work in a dental practice this book is a must read. Hy's decades of experience in creating WIN-WIN-WIN (seller-buyer-patients) transactions is yours in a clear, concise, and entertaining account. Wherever you are in your career, the tools to create your ideal future lie within these pages." Gary M. DeWood, DDS, MS, Executive VP, Spear Education "In my long experience of working with dentists at every phase of their professional careers, I have found that finding values-driven WIN-WIN advice in transitions to be difficult and frustrating. At the Pride Institute, we trust Hy Smith's integrity and expertise! Dentists deserve good, fair information and counsel that supports their transition choices. This book delivers." Amy Morgan, CEO, The Pride Institute "No one knows more about buying or selling a professional practice than Hy Smith. My own transaction benefited greatly from his knowledge and thirty years of experience. I can't imagine anyone buying or selling without consulting this book first." Gerardo Santiago, DDS "Buying or selling a practice is full of pitfalls. Trying to do so without the help of a consummate professional like Hy Smith is a folly. My own experience couldn't have been better, thanks to his firm. I would urge any professional to read this book and consult with Hy Smith before taking action." Ron Gillenwaters, DDS
Author: Marc B. Cooper
Publisher: Sahalie Press
Release Date: 2009-06
Genre: Business & Economics
WHY BUY THIS BOOK? Because It Answers the Hard Questions Economically, dental partnerships make great sense in terms of optimizing assets, sharing costs, increasing revenues and fine-tuning division of labor. Yet in the United States, over 80% of dentists practice solo, and this figure has held steady for decades. What causes this overwhelming and enduring pattern of dentists continuing to practice solo? Top practice management advisers now declare, "One sure way to realize a return on investment in your practice is to transition the practice from a solo to a partnered enterprise." They recommend the best route to be through the process of associateship to partnership, selling 50% to the partner, then continuing to work in the practice and selling the remaining 50% downstream. This works only if and when the partnership works. What do you do with an expanded practice if the partnership doesn't work? The majority of dental associateships and partnerships underperform or fail altogether. Although no clear studies are available, a number of dental journals report the failure rate in dental partnerships to be somewhere between 70% and 90%. Why do dental partnerships have such an extremely high morbidity rate? Nearly all associateships and partnerships begin with tremendous goodwill, excitement and enthusiasm. The future appears extremely bright. However, it is not uncommon that within five years, the shine disappears and is replaced with dissatisfaction. What causes partnerships to unravel? When an associateship-to-partnership fails, the costs are extremely high in terms of money, time and emotional distress. The effect on staff performance and patient relations can be demoralizing as well. Partnership failure in dental practices costs hundreds of millions of dollars every year and untold emotional damage. What can be done to prevent this? Surveys reveal the majority of dentists have difficulty in communications, particularly with their associates or partners. Consequently, they are ineffective at handling problems directly, resolving conflicts and making mutual business decisions. What are the factors that thwart a dentist's ability to effectively communicate to an associate or partner? It seems dentists are in a quandary. A clear path to economic freedom and asset optimization exists through recruiting an associate and transitioning the associate to a partner. The problem is most dental partnerships don't work. This book provides answers to the most common and destructive issues and problems that cause dental partnerships to fail. If you are considering a partnership as a strategy, or if you currently have an associate or partner, this book will enhance your ability to succeed.
Author: W. David Griggs
Publisher: Pennwell Corporation
Release Date: 1997-01-01
Consultant Griggs offers information on planning transitions in a dental practice. He discusses ways to transfer the practice from one owner to another, bring in an associate, sell or purchase all or part of a practice, structure comprehensive transition agreements, use financial and legal advisors, assess the market place, enhance the value of a practice, and cash in on a practice's equity. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Edward M. Logan, DDS
Publisher: Author House
Release Date: 2011-02-21
Genre: Business & Economics
Rave reviews for Dentistry's Business Secrets! “Dentistry’s Business Secrets by Dr. Ed Logan is a gift to dentistry. If you are a struggling or brand new practice, this book just might be the inspiration you need to help turn things around!” Howard Farran DDS, MBA, MAGD Founder and CEO, DentalTown Magazine and DentalTown.com “In a well written and easily understood book, Dr. Ed Logan has answered in a practical way many of the most important questions about dental practice. The information in the book will be valuable to practitioners of all ages.” Gordon Christensen, DDS, MSD, PhD Founder and Director of Practical Clinical Courses (PCC) “If you are a dentist who is ready to seriously grow your practice, Dentistry’s Business Secrets will certainly help you reach your goals! Written by a real dentist who has “been there and done that,” we consider this book a MUST READ for anyone in our profession! Dr. David Madow Dr. Richard Madow “The Madow Brothers,” Co-founders, The Madow Group, Creating Success for Dentists since 1989! “Finally! A book that gives step by step instructions for operating an effective and efficient dental practice. Whether you are a brand new dentist or a seasoned dental professional, the systems outlined in this book will not only help you become more profitable, but will actually make your chosen profession more enjoyable. Don’t just read this book, but implement the systems outlined in it and enjoy the success that follows. This book is a must read for every dental professional!” Larry Mathis, CFP® Author, Bridging the Financial Gap for Dentists “Ed Logan is a great business person who happens to be a dentist, and therein lies his value to us as his readers. Dentistry’s Business Secrets is a game plan for turning your dental practice into a thriving business. One of the best practice development investments you will ever make!” Eric Herrenkohl President of Herrenkohl Consulting Whether you are a new dentist opening your first practice or an experienced dentist looking to take your current practice to the next level, Dr. Edward Logan's new book on dental practice growth will help you achieve your goals. Written by a dentist for dentists, Dentistry's Business Secrets reveals the vital business truths Dr. Logan perfected while growing three successful dental practices from scratch. If you desire to maximize your practice value in the most efficient manner possible, then Dentistry's Business Secrets is your A to Z guide to success. Uncover the essential truths not taught in dental school and watch your practice life become less stressful, more predictable, more enjoyable and more profitable!
Author: Dr Michael Dolby Dds
Release Date: 2015-08-19
In Practice Made Perfect, Dr. Michael Dolby addresses the biggest hurdle faced by most dentists: managing the business side of dentistry. Dr. Dolby provides dentists with the tools needed to maximize the success of any practice through his three pillars of success - Foundation, Systems and Leadership. The methods described in Practice Made Perfect are at the core of every successful dental office. When applied consistently, these best practices will result in a more stress-free and profitable business. Dr. Dolby is a practicing dentist and business- management expert with more than 20 years of experience who recognizes that a lack of business training places dentists at a distinct disadvantage in running a practice. Dr. Dolby's practice-enhancement company Triumph-Dental.com was created to help dentists overcome these obstacles and achieve massive success in all phases of their career. Whether you are a seasoned professional or just out of dental school this book is a valuable resource for any dentist striving for greatness in their practice. Learn from someone who actually faces the same challenges you do everyday as a practicing dentist. All you need to do now is start reading!
Here's Your Guide to Starting a Successful Dental Practice... To become a dentist, you must spend a tremendous amount of time and energy mastering the extensive knowledge required to practice clinical dentistry. However, most dentists are provided very little knowledge and education on how to become a successful practice owner or how to run a successful dental practice. This lack of knowledge often leads to costly mistakes for the new dentist. That's where we come in. We help dentists just like you start or purchase a successful dental practice without the costly mistakes. In this book, you will: . Learn how to set your goals and determine "Why" you want to be a practice owner. . Create a strategy to become a practice owner including choosing a legal entity. . Determine an ideal business location. . Analyze how much money you will need to get started. . Begin to create a business plan by planning for your business. . Learn how to hire employees to avoid liability. Most dentist underestimate the amount of work it takes to become a practice owner and therefore don't give it the full attention it deserves. Now you can start a successful dental practice and avoid the costly mistakes so many new dentists make. If you'd like to help, just visit www.StrategicDentists.com or call us at 925-999-8200 and we will take it from there."
Author: A. Omar Abubaker
Publisher: Elsevier Health Sciences
Release Date: 2016-01-01
Written in the proven Secrets? question-and-answer format, Oral and Maxillofacial Surgery Secrets, 3rd Edition is an authoritative source for the effective and safe practice of oral and maxillofacial surgery (OMS) - and the ideal preparation tool for clinical rotations, exams, and board certification in OMS. Thoroughly revised and updated with the most current clinical information, this new edition provides dental students, OMS residents, and clinicians with practical tips, answers, and secrets from OMS experts. Best of all, it fits in your lab coat pocket so you can consult it wherever you go! Over 2,300 questions and answers offer valuable pearls, tips, memory aids, and secrets from oral and maxillofacial surgery experts in a concise, easy-to-read format. Popular and trusted Secrets? question-and-answer format helps you better understand the questions you are asked and provides you with perspective for the questions you ask yourself. Edited by two highly respected leaders in oral and maxillofacial surgery (OMS), with chapters written by internationally recognized experts in the field, making this an authoritative resource for the safe and effective practice of OMS. Convenient pocket size means you can consult this book wherever you go and carry it in your lab coat. NEW! 13 all-new chapters bring you the most current clinical information on recent advances in the science and practice of oral and maxillofacial surgery. NEW! Cosmetic Surgery section covers the evaluation of the aging face, forehead/belpharoplasty, facelift/neck, rhinoplasty, and non-invasive cosmetic procedures. NEW! Updated Secrets? two-color design highlights questions, tables, boxes, and bulleted lists so you can find information more easily.
Author: Steven M. Selbst
Publisher: Elsevier Health Sciences
Release Date: 2014-11-20
Access concise, yet complete clinical guidance on pediatric emergency care with Pediatric Emergency Medicine Secrets, a bestselling volume in the popular Secrets Series®. Ideal for quick review or exam prep, this updated medical reference book is an essential pocket guide covering common and unusual pediatric conditions; the user-friendly Secrets style makes it a valuable addition to your library! Focus on important topics, such as cardiac arrest, respiratory failure, neurosurgery emergencies, ophthalmology emergencies, burns/smoke inhalation, toxicology, neck and spine injuries, and much more. Apply the latest knowledge and techniques with content thoroughly updated by leaders in the field. Quickly review key concepts through a question-and-answer format, bulleted lists, mnemonics, "Key Points" summaries, lists of useful web sites, and practical tips from the authors. Enhance your reference power with a full range of well-organized essential topics in pediatric emergency medicine. Improve content knowledge with a special chapter containing "Top 100 Secrets," providing an overview of essential material for last-minute study or self-assessment.
Author: David A. Mitchell
Publisher: OUP Oxford
Release Date: 2014-07-31
After more than twenty years of recognition as the indispensable guide for all dental students and practitioners, the Oxford Handbook of Clinical Dentistry has been fully revised and updated for its new sixth edition, now better than ever! The authors have distilled the essentials of clinical practice into a readily accessible style. Concise and practically focused, the handbook balances a pragmatic approach alongside evidence-based clinical knowledge, guidelines and protocols. This handbook is in full colour, with even more images and diagrams to aid understanding. It has been fully updated with sources and further reading, including the most up-to-date e-learning and web resources. The handbook includes revised chapters on fast-moving areas of dental practice such as therapeutics and anaesthesia, as well as updates on the aetiology and management of cancer, reflecting recent discoveries. New material also includes the impact of bisphosphonates, and new approaches to the management of Class III malocclusions in the growing child. Sections on the differences in healthcare and legal requirements of the UK devolved countries have been added, and all life support protocols have been updated. This concise and practical distillation of the essential knowledge and skills for dental practice has been highly regarded by dental students and practitioners for over twenty years. Now it is more vital than ever for you to ensure the most up-to-date edition is always close to hand!