Dental practice buyers and sellers get a balanced view of practice valuation. Raises awareness of possible legal and tax issues that may arise during this process and provides guidance on selling or buying an entire practice, a portion of a practice, and planning a future buy-in or buy-out. Includes sample sales documents and contract provisions and detailed explanations of valuation concepts.
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
Dr. David Willis combines his experience as a practicing dentist, educator, MBA, and certified financial planner in this breakthrough text about managing a dental business. Rather than a checklist of steps for success, Business Basics for Dentists describes business, economic, marketing, and management principles and explains how to apply them to the dental practice. Dental students and new practitioners will learn how to use the core strategic and operational business philosophies to develop an effective dental practice. He provides the essential elements of a business course--management principles, economics, business finance, and financial analysis--without bogged down in too much detail. These are then related specifically to various aspects of running and managing a dental practice, including office communications, billing, inventory, and marketing the practice. All aspects of practice transition are approached: career opportunities, buying a practice, starting a new practice, multi-practitioner arrangements, practice valuation, and planning and developing a practice. Last, Willis included personal financial planning to ensure that the dentist is also planning for his own finances and retirement beyond the bounds of the practice.
Strategies for tackling logistical issues such as the type of associate arrangement, compensation, contract terms, and buy-ins, and intangible issues such as interpersonal considerations and compatability, developing a practice philosophy, and conducting a goals assessment.
This book is designed to meet the needs of both dental students and dentists by providing succinct and quickly retrievable answers to common dental questions. Students will find both that it clearly presents the particulars which should be familiar to every dentist and that it enables them to see the big picture and contextualize information introduced to them in the future. Practicing dentists, on the other hand, will employ the book as a daily reference to source information on important topics, materials, techniques, and conditions. The book is neither discipline nor specialty specific. The first part is wide ranging and covers the essentials of dental practice while the second part addresses individual specialties and the third is devoted to emergency dental treatment. Whether as a handy resource in the student s backpack or as a readily available tool on the office desk, this reference manual fills an important gap in the dental literature.
