Dental Practice Advisory & Transitions Firm Donates $4,000 To Charity PMA Practice Transitions, a regional practice advisory and transitions firm, announces that it has donated more than $4,000 to 15 local organizations since the inception of its “giveback” program; further embracing the company’s efforts to make a positive impact in the communities it serves. A…
Published by Matt Scherer It seems as though every few weeks you hear about another cyber threat – scams, viruses, security breaches, Ransomware – take your pick. These menaces take quite a financial toll on companies worldwide. Unfortunately, no is immune to these cyber threats – not even your dental practice. It is crucial to ensure your practice is…
Published by Matt Scherer As a dentist, do you sometimes find yourself with extra time or referring a decent amount of work to specialists such as periodontists or endodontists? While that is great for building professional relationships, that is money you may be able to keep in your own practice if you add a specialty or two to your…
Published by Joe Gordon The end of the year will be here before you know it. This is the perfect time to reflect on what kind of year it was for you and your dental practice. Here are a few questions you should be asking yourself to determine the success of your dental practice. How did you grow as…
So you are ready to take the big leap and purchase a dental practice. Congratulations! You even have a practice in mind. But now what? Ask yourself the following questions to help determine your next steps. Your answers will greatly impact your future as you get ready to make one of the most important decisions…
Published by Matt Scherer Guest Author: Mike Sewalk, PNC Bank View the PDF format The career path for new dentists is a wide one. Some newly minted dentists join an existing dental practice. Others choose employment with a hospital or corporate dental chain. Still, others opt to practice in a federal agency or public health setting. Yet, at some…
Guest Author: Nick Partridge, Five Lakes Professional Services Practice transitions are exciting. Once the right opportunity is identified, buyers anxiously work through a significant checklist of items. From finding financing and negotiating a purchase price to chart reviews and beyond, buyers and sellers delicately dance toward closing. Along the way, it is important not to overlook…
Be sure to start planning at least 3-5 years in advance It’s always difficult to plan for retirement, especially for dentists who own their own practices because there are so many factors to take into consideration. Is your practice in a position to be sold? Are you financially ready? Will your employees be taken care…
Published by Matt Scherer Find out if you have liens or debts on your practice first Before you get the ball rolling on retiring and selling your dental practice, it is imperative to ensure there are no liens or debts against your practice. Believe it or not, this is often overlooked, and many dentists are surprised to find out…
Published by Matt Scherer What is the transaction – are you buying-in or buying new? We’ve got answers! One of the biggest decisions that a dentist needs to grapple with is if and when to purchase your practice. After that, the next big decision is going to be who you work with to secure the loan necessary to make…
Published by Joe Gordon