Dental Practice Transitions Handbook

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

Dental Practice Transitions Handbook provides you with the answers to basic questions when considering any transition. This handbook prepares you to navigate through opportunities from being an associate, partnership, and different purchase/transition options. It is designed to guide you through one of the most important journeys of your life by: • initiating appropriate questions to consider and ask yourself before any transition • helping you avoid mistakes that can have long-lasting effects on any or all of the parties to a transition • shedding light on the mindsets of both sellers and buyers • showing you how to mitigate these differences Dental Practice Transitions Handbook provides a global understanding and defines key and common facts that will help facilitate a dream team to join you on a successful transition journey!

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

Practice management is one of the key elements in the career of a dentist. Most dentists own their own practices and even associateships carry with them the prospect of management, accounting and dealing with health insurance providers. Dental Practice Transition: A Practical Guide to Management 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. With topics applicable to both recently graduated as well as established professionals, Dental Practice Transition is a comprehensive exposition of practice management from a dentist's perspective.

Are you thinking about starting your own dental practice and want to get it right the first time? For the enterprising dentist The Simple Guide to Starting a Dental Practice and Getting it Right the First Time is an invaluable resource. Starting a practice from scratch in today's competitive market can be a scary proposition, but The Simple Guide will walk you through the steps to turn your dream into a reality. With practical advice for every step along the way, to-do lists and templates, this guide can help you ensure that your practice is set up for long-term success. In this book, you'll learn: How to find the ideal location with patients that are perfect for your practice How to build a comprehensive business plan and arrange financing How to design and staff your new practice and more...  Preparation is key for a successful practice start-up. The work you do now will lay the foundation of your practice, and with the advice in this guide, you can make sure that foundation is one that will lead to long-term career and financial success. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.

Have you been thinking about buying your own dental practice, but are worried about getting a great deal? For the entrepreneurial dentists who are planning this career move, The Simple Guide to Buying a Dental Practice & Getting a Great Deal is here to guide you to success. Purchasing your own dental practice will have a profound impact on your career, so you need to do the thinking and planning necessary to make sure it is a positive impact. This guide will walk you through the steps, from first daydreaming about being the owner of your own practice, to finalizing the purchase and walking into the next phase of your career. In The Simple Guide, you'll learn: What is a realistic goal to set for your practice purchase How to find purchase opportunities How to negotiate the best sale price and most favorable terms and more... If done right, the move to practice ownership can set you up for career and financial success, so the steps in this book are designed to make sure of that. Don't set off on this path alone-take a guide with you. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.

The growing belief that we create our own reality requires a level of consciousness that goes beyond deliberation of the day-to-day essential activities of our lives. Living our destiny begins with a discipline of heightened awareness of our self and the desire to evolve - to become "more."