Back in November 2005 I wrote about this same topic and the rules have not changed. You may have started out with two operatories and grown to three or four but you may be in the same location. Neighborhoods change, have you? If your practice is now worth a million dollars does your practice look like a million dollars? One can get used to the same four walls but you should step back and critically look at your practice as others would see it. A valuation would do the same as if new eyes were looking at your practice.

I talk to many dentists and I am surprised at the number of dentists that have been defrauded by their staff. There are many ways that individuals can defraud you. Generally it is not more than one employee. Due to the limited number of staff in some practices it is difficult to divide up the duties to have good internal control. If multiple staff members act in collusion they could get away with gross fraud for years unless the doctor or their spouse insert themselves into the system to keep an overview of certain key reports such as the deleted treatment or cancelled charges reports.

Real Estate for many people is intoxicating. In this article we will look at what drives people to own real estate for their practice, how to analyze the factors that contribute to making the decision to own, and finally, the impact that decision will have on the sale of the practice.

When a dentist has a large patient base, it can be very logical to hire an associate or a restorative hygienist to increase productivity to better care for the patients. Let’s look at these two alternatives.

Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! I talk about “stars” to most dentists for whom we are doing a valuation. A “star” is an employee who is worth their weight in gold because they handle their job with an expertise and speed that others cannot do. I