For many dentists, your practice means more than just a paycheck or a job. Your practice represents years of hard work, commitment, and sacrifices. There are decades of memories. That’s why selling your practice is such an emotional decision. When the sale price represents such a big piece of your life, you want to get…Read More→
Tag: Dental CPAs
Mid-Year Practice Check-Up
You ask your patients to commit to twice yearly check-ups to maintain optimal oral health. Are you making the same commitment to your dental practice? Sure, you’re not focusing on oral health; rather, something much more important: your practice’s financial and managerial well-being. By the time you read this, summer is already half over, which…Read More→
Making the Most of A Busy Summer
For many dentists, summer is often the busiest time. Students are off school, which means families are trying to schedule appointments when everyone is home. Adult patients tend to have more flexibility in their schedules. Regardless of whether you’re a general practitioner or a specialist, when your office gets hectic, what are you doing to…Read More→
Future of Dentistry: Telemedicine?
The concept of telemedicine is catching on quickly, as healthcare professionals realize the positive results and powerful implications of reaching underserved populations, seeing more patients, and improving healthcare. Could dentistry follow suit? Would you want it to? Benefits of Teledentistry Just like medical practitioners, dentists could use live video, remote patient monitoring and patient self-reporting,…Read More→
Buying a Dental Practice: There’s More to it Than Price-Part II- Buyins/Buyouts/Mergers & Special Situations
So my 2014 townie presentation covered the buying process of the typical general dentistry practice, however, what if it’s NOT the typical general dentistry practice? What about the practice that someone started 3-5 years ago that never quite blossomed (the recent start-up)? What about the practice that that’s 30+ years old that someone purchased and…Read More→
Why You Should Market to New Patients Now
Now that the typically busy season of the new year is over, many dental practices may be content with maintaining hygiene appointments and dental check-ups. However, while your patients are filing their tax returns, you should be actively marketing your dental services to them. Let us explain why. According to a study by JP Morgan…Read More→
Five Ways to Help Dentists Save on Taxes
It’s tax season again, and soon you will be meeting with your dental CPA to prepare and file your 2017 tax return (if you haven’t already). Whether this is your first tax season as the owner of a dental practice or your 25th, taxes remain a stressful and time-consuming process for many dentists. We’re here…Read More→
Making Your Dental Practice Stand Out
What is your plan for attracting new patients and standing out from competing dental practices? Marketing should be an important element of your dental practice’s growth, but more than 60 percent of dentists don’t have a specific marketing strategy, according to Dentaltown. This represents a huge opportunity for innovative dentists to separate themselves from the…Read More→
How to Increase the Value of Your Dental Practice Before a Sale
If you’ve been reading the blog at N/L Transitions, hopefully you know that the time before a dental practice sale is crucial. While some dentist owners may be satisfied with the status quo, eagerly awaiting their next step, you should take this opportunity to gear up your dental practice and increase its value. It might…Read More→
Maintaining Cash Flow Before Your Dental Practice Sale
Before you sell your dental practice, potential buyers look for many things: patient flow, location, and practice performance, to name a few. Perhaps one of the most crucial elements of dental practice value is positive cash flow, which you should be working to maintain as you approach the exit from your practice. You should…Read More→