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: Navigating a Path to Ownership

Posted by Bree Simmers on 9/10/19 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.

Meet Dr. Joe. He’s a year out of dental school, working in a DSO in a new-to-him city. He grew up on a farm and watched his parents run their own business – and has always wanted to do likewise.

Dr. Joe’s first year of practice has given him real-world experience by letting him focus on dentistry. Working in a DSO has exposed him to a variety of staff characteristics and helped him crystallize what his ideal team might look like.

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

What Went Wrong Wednesdays: My Restrictive Covenant Was Too Restrictive

Posted by Dr. Suzanne Ebert, ADA Advisor on 9/4/19 7:05 AM

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

Many dental contracts include some version of a restrictive covenant, also called a non-compete clause. These clauses prohibit an employee from practicing within a specific geographical area (typically a defined radius) for a certain period of time after leaving a practice. These covenants generally also have a non-solicitation clause that will bar an associate from directly soliciting the employer’s patients or other employees.

This clause helps protect an owner dentist from competition – but it can also limit an associate’s career movement.

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Topics: incoming dentist, retiring, owner, associateship, purchase a practice

What Went Wrong Wednesdays: 3 Contract Issues that Got Expensive

Posted by Dr. Suzanne Ebert, ADA Advisor on 7/24/19 4:09 PM

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

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Topics: incoming dentist, retiring, owner, associateship, purchase a practice

Don’t Settle: Identify the Ideal Practice for You

Posted by Dr. Suzanne Ebert, ADA Advisor on 6/24/19 10:48 AM

There’s no such thing as a typical dental practice. They can range from homey rural offices to busy urban spaces, with everything in between.

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Topics: incoming dentist, associateship, purchase a practice

You Decide: Choose the Best Option for Your Career

Posted by Dr. Suzanne Ebert, ADA Advisor on 6/21/19 11:50 AM

Looking for your next dental job? Whether you have recently graduated from dental school or have a few years of experience, you have plenty of options.

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Topics: incoming dentist, associateship, purchase a practice

Your Information, Your Timing: How We Keep Things Confidential

Posted by Dr. Suzanne Ebert, ADA Advisor on 6/18/19 4:24 PM

We understand how important confidentiality can be as you go through a career transition. If you are a practice owner, you may not be ready to share this information with the rest of the dental community quite yet. Keep in mind that the transition can be smoother if time is taken to prepare and involve your staff before the sale. If you are looking to purchase or change positions, you may not be ready to inform your current employer of your plans. We understand these scenarios and will keep everything fully confidential until YOU decide it is time.

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Topics: confidentiality, incoming dentist, retiring, owner

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