08 May The Associate’s Practice

Several years ago, Dr. Youngerdoc began practicing as an associate for Dr. Olderdoc. Neither party wanted to formally state their objectives in a contract for entering into this associateship relationship. Dr. Youngerdoc was not prepared to make a commitment to the practice yet and did not...

03 Oct ESTABLISHING A FAIR PRICE

Dental practice valuation experts are very easy to find. It seems that another emerges every month. A new name can be seen attached to practice valuation articles in Dental Economics or JADA virtually every month. An occasional Google search reveals a new website proclaiming their...

29 Aug THE PROGRESSIVE OWNERSHIP PROGRAM

The PARAGON Progressive Ownership Program (“POP”) was designed to provide a logical means for a new dentist (typically a new graduate but POP is also a viable solution for more experienced dentists as well) to gradually enter into an equal co-ownership relationship with an experienced...

06 Aug The Practice Give-Away

Unfortunately, the following story plays out year after year. It goes like this… Years ago, you decided it was time to bring an associate into your practice. You interviewed a number of candidates until you found the “ideal” associate for your practice. Of course, you didn’t...

02 Jul “RULE OF THUMB” PRACTICE APPRAISALS

One-half of your annual gross production OR maybe your practice net income plus equipment replacement costs OR perhaps 25% of annual gross collections plus 25% of annual gross production plus original equipment cost for all equipment that is less than 2 years old OR maybe...

04 May Practice Merger Benefits

A practice merger occurs when an existing practice owner acquires another practice in their immediate market area and "merges" the two practices together to form a larger, more profitable, single practice. Contrary to what some believe, a practice merger does not create a co-ownership practice...

04 Apr Career Crossroads

You’ve worked very hard during the GROWTH phase of your practice cycle and successfully built a practice that is running smoothly and profitably. You are now in the very busy MATURITY phase of the practice cycle (no significant growth or decline of the practice production...

08 Mar IS IT TIME FOR AN ASSOCIATE?

“Is it time for an associate?” may be the most frequently asked question we encounter. Dentistry must be the most associate-active of all healthcare professions. Dentists seemingly are always considering bringing an associate into their practice. It is likely because most mature dentists began their careers...