What Went Wrong: I Overlooked the 1 Thing That Mattered Most

Posted by Dr. Suzanne Ebert, ADA Advisor on 11/13/19, 9:01 AM

This is part of the “What Went Wrong Wednesdays” series, in which we explore common problems of practice transitions – and offer tips to help you avoid them.

At ADA Practice Transitions, we place a heavy emphasis on making sure incoming doctors share a similar philosophy of care as the practice owner. While it may not be immediately apparent, having a shared approach is critical to the success of your future career or retirement plan, even if you are planning to sell and walk away.

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Topics: owner dentist, retiring, purchase a practice, selling a practice, what went wrong

ADA Practice Transitions: Now Matching in 6 More States

Posted by Bree Simmers on 11/1/19, 8:17 AM

Today’s the day! ADA Practice Transitions (ADAPT) is now matching dentists in six additional states.

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Matching in More States, Giving You More Options

Posted by Bree Simmers on 10/21/19, 11:00 AM

 

 

By popular demand, ADA Practice Transitions (ADAPT) is expanding!

Starting today, dentists who either own a practice or want to work in Indiana, Iowa, Kentucky, Michigan, Minnesota and New Hampshire can create an ADAPT profile!

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Topics: retiring, looking for a job, purchase a practice, selling a practice, expanding my practice

Transition Tales: Finding a Fit in a Small-Town Dental Practice

Posted by Bree Simmers on 10/17/19, 9:05 AM

This is part of the Transition Tales & Truths series in which we discuss practice transitions with real dentists.

When Dr. Christy Rens and her husband (a fellow dentist) graduated from the University of Minnesota Dental School, they weren’t quite sure where their future would take them. They assumed they would eventually wind up near family in the Twin Cities.

Life doesn’t always turn out as planned. One day, Dr. Christy got a call with an offer that she and her husband couldn’t refuse, so they packed their bags to try small-town life. The two-year contract even included free housing if they were willing to serve two rural practices.

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Topics: looking for a job, purchase a practice, transition tales

Consider Going Country: Why a Rural Practice May Be a Perfect Fit

Posted by Dr. Suzanne Ebert, ADA Advisor on 10/14/19, 9:05 AM

Many young dentists automatically flock to urban or suburban areas after graduation. After all, those areas can command higher salaries. But have you considered working in a more rural area?

A rural practice can offer several advantages beyond fresh air and open spaces. Namely, rural practices often cost less with lower overhead and higher collections – meaning you might be able to pay off your debts sooner and enjoy a better quality of life.

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Topics: looking for a job, selling a practice

What Went Wrong: We Disagreed on the Value of the Practice

Posted by Dr. Suzanne Ebert, ADA Advisor on 10/9/19, 9:05 AM

This is part of the “What Went Wrong Wednesdays” series, in which we explore common problems of practice transitions – and offer tips to help you avoid them.

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Topics: owner dentist, retiring, purchase a practice, selling a practice, what went wrong

Get Your Paperwork in Order for Your Practice Valuation

Posted by Dr. Suzanne Ebert, ADA Advisor on 10/7/19, 9:05 AM

Do not forget the primary rule: your practice is worth whatever someone will pay for it.

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Topics: owner dentist, selling a practice

What Dentists Want: Annual Meeting Edition

Posted by Dr. Suzanne Ebert, ADA Advisor on 10/4/19, 9:05 AM

I am thrilled to be able to touch base with you about our recent trip to ADA Annual Meeting in San Francisco!

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Topics: owner, purchase a practice

Why ADA Practice Transitions Isn’t Just Another Broker

Posted by Bill Robinson, ADAPT President & CEO on 10/1/19, 9:03 AM

In April, the American Dental Association launched a pilot for a new service: ADA Practice Transitions. Our goal is to make the process of joining, expanding, or leaving a dental practice more predictable and successful. The pilot is currently available in Wisconsin and Maine for all dentists looking for opportunities in those states. (We will soon be expanding to other states – sign up to be notified of the program’s growth.)

Some have said that the ADA is just replicating the current broker market. While there is some natural overlap, ADA Practice Transitions takes a completely new approach that’s designed to address a major need: finding the right person or practice for a successful transition.

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Topics: owner dentist, associateship, purchase a practice

Transition Tales: Why Practice Transitions Should Be a Family Affair

Posted by Bree Simmers on 9/17/19, 9:05 AM

This is part of the Transition Tales & Truths series in which we discuss practice transitions with real dentists currently in the process.

We recently met Dr. Joe, a recent graduate working in a DSO with dreams of buying his own dental practice. Dr. Joe joined ADA Practice Transitions to pursue his goals and is working with his ADA Advisor to narrow down the best path forward.

The “life” in “work-life” balance is very important to Dr. Joe and his family. The desire to build a good life for his family guides every step of his journey.

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Topics: incoming dentist, owner, looking for a job, associateship, purchase a practice, transition tales

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