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3 Ways ADAPT is Making Practice Transitions Less Expensive

Posted by Bill Robinson, ADAPT President & CEO on 9/22/20 8:45 AM

While doing the research that led to the development of ADA Practice Transitions, we found a common theme: Dentists who had sold their practice frequently shared that they spent too much money with a broker – and felt they did not receive commensurate value.

We developed ADA Practice Transitions to focus on philosophy of care – matching dentists with a similar approach, for a more successful result – but we also wanted to give dentists a more cost-effective option. We designed our service to deliver tremendous value in a manner that was less expensive than the other options, sometimes by a lot.

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Topics: selling a practice

How to Manage & Retain Staff During a Practice Transition

Posted by Bree Simmers on 6/29/20 11:08 AM

We hear lots of questions about managing staff during practice transitions, so we made it the focus of last week’s ADA Practice Transitions Coffee Talk webinar.

Dr. Betsy Shapiro, ADA Director of Practice Management and the ADA Center for Professional Success, joined ADAPT’s Dr. Suzanne Ebert, Vice President of Dental Practice & Relationship Management, for this hour-long conversation. The two shared their experiences with managing staff through their own practice transitions, as well as lessons learned from working with other dentists.

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Topics: owner dentist, retiring, selling a practice, coffee talks

Selling Due to COVID? Ask Yourself These 3 Questions

Posted by Dr. Suzanne Ebert, ADA Advisor on 5/26/20 9:16 AM

I have talked to many dentists over the last several weeks and noticed that recent conversations have taken on a new tone as we all navigate the COVID-19 situation.

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Topics: owner dentist, selling a practice

Selling Your Practice in the COVID-19 Era: Advice from Accounting Experts

Posted by Bree Simmers on 5/19/20 3:00 PM

Last week we kicked off new topics for the ADA Practice Transitions Coffee Talk webinar series with some fantastic advice from a pair of dental CPAs. Chris VanStraten and Andy McCarty of Baker Tilly, founding member of ADCPA, walked us through some of the ways that COVID-19 is changing dental practice sales.

During the webinar, Chris and Andy explored:

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Topics: selling a practice, coffee talks

Big Decisions Demand Family Input: Your Guide to Starting the Conversation

Posted by Dr. Suzanne Ebert, ADA Advisor on 5/11/20 10:42 AM

Now is a great time to have some important conversations with your family about how your career affects your collective future. Most of you have never been allowed this kind of focused time to evaluate your true priorities as a family.  

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

What Went Wrong: My Path to Retirement Got Way Too Bumpy

Posted by Dr. Suzanne Ebert, ADA Advisor on 1/29/20 9:00 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.

 

Retirement should be a well thought-out event that you take ownership of. To truly take control of your future, retirement planning should start years – even decades – before you anticipate finishing your career.

Here are two scenarios that illustrate what happened when a doctor did not completely think through their exit plans, along with suggestions to help you avoid the same fate.

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Topics: retiring, selling a practice, what went wrong

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

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

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

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