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Dental Practice Transition
Author: David G. Dunning
Publisher: John Wiley & Sons
ISBN: 1119119456
Pages: 528
Year: 2016-09-06
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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
Dental Practice Transitions Handbook
Author: H. M. Smith
Publisher: Wheatmark, Inc.
ISBN: 1604945265
Pages: 188
Year: 2010-12
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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
Successful Practice Transitions
Author: W. David Griggs
Publisher: Pennwell Corporation
ISBN: 0878146172
Pages: 337
Year: 1997-01-01
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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
Publisher: American Dental Association
ISBN: 1935201107
Pages: 116
Year: 2006-01-01
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Business Basics for Dentists
Author: David O. Willis
Publisher: John Wiley & Sons
ISBN: 1118581660
Pages: 432
Year: 2013-03-05
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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.
Partnerships in Dental Practice
Author: Marc B. Cooper, Marc B. Cooper Dds
Publisher: Sahalie Press
ISBN: 0976358425
Pages: 176
Year: 2009-06
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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.
How to Buy a Dental Practice
Author: Brian D. Hanks
Publisher: Createspace Independent Publishing Platform
ISBN: 1544112114
Pages: 128
Year: 2017-02-23
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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.
Pediatric Dentistry
Author: Allan R.. Pike
Publisher: iUniverse
ISBN: 0595391842
Pages: 84
Year: 2006-04
View: 1181
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Say goodbye to crying, restraints, and quiet rooms forever. Replace the use of force with a proven anxiety reduction program. Develop relationships based on trust rather than authority. Learn simple techniques for painless treatment and non-surgical options. Good experiences for children at the dentist encourage lifelong regular care. Dr. Allan R. Pike uses his 38 years of professional experience as a pediatric dentist to offer practical suggestions that can ensure that all children have positive experiences at the dentist. This book outlines how any interested dental staff can easily transition to a no-fear, low-stress practice where forceful methods of behavior management are never needed.
Ethical Decision Making in Dentistry
Author: Suzanne U. Stucki-McCormick
Publisher: PMPH-USA
ISBN: 1607951762
Pages: 158
Year: 2014
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Ethical principles are essential in the practice of dentistry, and Ethical Decision Making in Dentistry takes the reader from ethics in dental education to creating ethical protocols and public policy. This concise volume covers ethics issues in the education of dentists, in licensure and licensing examinations, in solo and group private practice, and in esthetic dentistry. It also supplies a chapter presenting the patient's perspective on medical ethics, one on informed consent, and another on the process of developing the guidelines for ethical dental decision-making. The topics of billing, office management, and advertising are covered, and the book closes with a chapter entitled "Ethics in Transition", which charts transitions in a dentists' practice and career as well as transitions in how ethical principles themselves are viewed. Ethical Decision Making in Dentistry is a valuable text for teaching ethics in dental schools, but also serves as a refresher course for practicing dentists at any stage of their professional lives.
Your Dental Practice Sale--planning Ahead (1-15 Years)
Author: George D. Stollings
Publisher: Enlightened Living Publishing, LLC
ISBN: 0976437570
Pages: 122
Year: 2005
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Successful practice sales are far more unlikely if the sale strategy and planning is left for the year (or two) immediately preceding the desired sale date. Multiple approaches to practice sales are possible. Some of the most effective approaches must be planned, and initiated, 3 - 5 years in advance. Each optional approach is different. The available options are not equal in terms of their likelihood to meet a specific location, not all approaches will work, and some may be far more effective than others. Dr. Stollings explores the optional approaches, explains each, and guides the reader in selecting the approach that best matches his / her specific practice, location, circumstances, and objectives.
The Strategic Dentist
Author: Ali Oromchian
Publisher: Createspace Independent Publishing Platform
ISBN: 1537374249
Pages: 110
Year: 2016-08-01
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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 or call us at 925-999-8200 and we will take it from there."
Common Complications in Endodontics
Author: Priyanka Jain
Publisher: Springer
ISBN: 3319609971
Pages: 292
Year: 2017-11-26
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This book describes the most commonly encountered endodontic complications and provides up-to-date information on their prevention and management. The opening chapters explain the importance of accurate diagnosis and treatment planning, outline the role of digital radiography and CBCT in managing complications, and highlight the need for close attention to anatomic landmarks in order to avoid damage to neurovascular anatomy. Endodontic problems associated with different procedural errors are then discussed in detail, covering a wide variety of access- and instrumentation-related complications and the difficulties that may arise when using obturation techniques. Readers will also find information on the endodontic–periodontal relationship, special issues in geriatric patients, and the potential medical emergencies and precautions in specific patient subsets. The clear, easy-to-read text is complemented by numerous high-quality photographs and tables that assist understanding and ready identification of management solutions. This book will be of value for all dental practitioners with an interest in endodontics, endodontic specialists, and higher-level students.
The $10,000 a Day Dentist
Author: Dr Bill Williams
Publisher: Llumina Press
ISBN: 1625505132
Pages: 180
Year: 2017-10-02
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The $10,000 A Day Dentist is a creative look at how Dr. Alex Middleton, the Guide, comes to know and influence the careers of five dentists with his insights and advice."Helping Dentists Finish Well" is the theme of the book, both those starting out fresh from dental school and those nearing the time where they ponder how and when to transition from full time practice to part time and retirement as well as all stages in between. Alex shares 50 real-world ways to build a successful practice. The $10,000 a day dentist is not a figment of the imagination and this book shows how it can be a reality for any dentist. - Introducing Alex the Guide - How to Create the Perfect Day - Conquering the Big Five in Dentistry - Focus on Productivity and Profits - Decide Today - Succeed Tomorrow "Wow...are you up for an out-of-the-box challenge? Just read the prologue, and you will never do dentistry the same again! Who wins? The patient first! Then, the dentist and staff, from this incredible, prophetic plan for not only increased productivity, but increased love for the art form we provide for our patients, utilizing 21st century, amazing dentistry! Dr. Williams shares with authenticity, vulnerability and amazing experience!" -Naomi Rhode, CPAE Speaker Hall of Fame, co-founder of SmartPractice "As always, Dr. Bill Williams is the consummate master at finding the cheese - after it's been moved! The always vigilant and fearless crusader at expanding beyond self-imposed thought-paradigm boundaries, Bill has successfully conquered his own limitations along with many real-world Goliaths. And now he shows us, once again, how we can do it, too. I say, hurrah for champions like Dr. Bill Williams who mark the path, blaze the trail, and show us through his accomplished example how we can harden and polish our own metal - just as he has done." -Lee Ostler, DDS, past-president of American Academy for Oral Systemic Health (AAOSH) "Five stars! I've had the honor and privilege to know Dr. Bill Williams as both a mentor and a friend....The $10,000 A Day Dentist is a solid pillar of knowledge that every dentist should read. In his book, Dr. Bill takes the reader on a journey through the eyes of Dr. Alex Middleton, the guide, the mentor, who has already been down the path and now leads others to their dreams and goals. Bill very well-describes what he calls 'The Five Truths' and breaks down what it takes to become a 'Decathlon Dentist.' Bill Williams is a man of faith, integrity and character of the highest regard - as a guide and mentor, I can think of no one better to lead the charge for today's dentist." -Dr. David Phelps, DDS, owner and founder, Freedom Founders Mastermind Community "Dr. Williams gives readers the tools to understand themselves, which is key to being the dentist you always wanted to be and leading a purpose-driven life. Easy to relate to, Dr. Williams teaches readers how to avoid bottlenecks and other obstacles to success. You'll finish the book with a better understanding of yourself, and how to take your future into your own hands." -Tonya Lanthier, RDH, founder of "Bill has discovered the secrets to having a million-dollar practice....His strategies to build massive influence and to build a high-performance team are golden. Bill breaks down the keys to success in every phase of dentistry, and shows you exactly how to fast-track success, so that you can make a bigger impact and achieve your personal dreams. -Anissa Holmes, DMD, author of Delivering WOW: How Dentists Can Build A Fascinating Brand And Achieve More While Working Less!
Profitable Practice
Author: George Wood Clapp
Pages: 405
Year: 1916
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How to Buy a Dental Practice: Volume 2
Author: Brian Hanks
ISBN: 1721901663
Pages: 128
Year: 2018-06-26
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This book walks new and potential practice owners through the most important things to do (and what can wait!) to be successful running a newly purchased practice. In this book you'll find answers to questions like: When can I make changes in the office?How much do I pay myself and when?How do I market so I don't lose patients?How can I transition the dentistry in an office with established routines?How do I get the most out of my team and be a good boss?How do I know if buying a practice was a good financial move?