As a new dental associate, you can be forgiven if employment contracts make your head spin. They can be long, dense, and packed with terms that non-lawyers have never heard of. Before you breeze through your employment contract like it’s the Instagram terms-of-service, remember—this document could shape the trajectory of the rest of your career!…
Building relationships with patients can be one of the most rewarding parts of owning a healthcare practice. (Or, for veterinarians, also building relationships with the patients’ owners…) What happens when you decide you want to expand your practice into multiple locations? Will you still have the time to dedicate to connecting with patients? How will…
Growing a healthcare practice is a journey. If you want to be successful, it helps to start with a destination in mind. Thankfully, other providers have been down these roads and have learned from the decisions that ultimately led them to where they wanted to be. In this episode, we’re going to share their journeys…
When starting a healthcare practice, it’s easy to get caught up in the details – the who, what, where, and when of opening your practice, so to speak.. But have you stopped to think about the “why”? According to this week’s guest, Stephen Trutter, too often the “why” of practice ownership is an afterthought – if…
For many practice owners, their business is their life’s work – a true personal and professional investment. So when the time comes to sell, it’s crucial for owners to maximize the return on their investments – we’re talking decades of procedures, critical business decisions, and long days. What many sellers don’t realize is that the decisions they…
Buying or selling a healthcare practice is usually one of the biggest financial decisions of a doctor’s life. It can be accompanied by stress, uncertainty, and even conflict. Since it’s something most people do only once (maybe twice), the laws and best practices that govern practice transition can be unfamiliar or confusing. In this episode,…
Finding, recruiting, and retaining talented staff is one of the hottest topics in the healthcare industry right now (and seemingly everywhere else for that matter). With labor posing one of the biggest challenges most practice owners face today, we’re exploring an unconventional new solution that’s gaining popularity in the wake of the COVID-19 pandemic: remote…
The rise of corporate dentistry and the growth of Dental Support Organizations (DSOs) is top of mind for many aspiring practice owners. The prospect of competing with these big players can be enough to keep some providers from taking that critical leap into ownership. It’s not that DSOs provide better care and service to their patients…
When it comes to legally binding documents, there are no do-overs. What you sign is what you get – sometimes for the next 10, 15, or even 20 years! When it comes to negotiating a commercial real estate lease for your new or expanding practice, you’ll want to make sure your i’s are dotted and…
In 10 years, the field of dentistry is going to look very different than it does today. Baby boomers who have owned their practices for decades are starting to consider retirement. And younger dentists who have practiced as associates will soon have an opportunity to become practice owners themselves. As those aspiring practice owners assess…